Step By Step

Finance Seller & Cash Buyer

Instruct An Agent

Call Midnight for expert advice and valuation, naturally! Our Consultants are trained to provide guidance regarding how to best present your property, and will always reply with honest, constructive feedback from the market – ensuring you are armed with all you need to secure a swift sale.



Accept An Offer

Once a Buyer is identified, Midnight will manage the offer process to ensure you secure the best possible deal.

Sign Contract

Both parties sign a legally binding contract, an Agreement Of Sale (also known as an MOU – Memorandum of Understanding). A 10% deposit is paid to Midnight Properties LLC, held in trust on your behalf.



Seller Applies For Liability Letter

You will need to request your bank to provide the exact amount owing to them. This process typically takes approximately a week and has a shelf life of circa 14 days from date of issuance. This letter typically costs circa AED1000

Buyer Clears Sellers Mortgage

Where you are unable to do so, your Buyer settles your finance, naturally, deducted from the purchase amount owed on Transfer. Prior to your Buyer making payment, both parties (or their appointed Power Of Attorney), agree to meet in the DLD. A ‘Manual Transfer’ is now executed. This process requires the Buyer issuing payments (as Managers Cheques) to the your bank (liability amount), the outstanding balance payable to the you (your equity) and all Transfer & Professional fees. With the exception of the liability amount, all Managers Cheques remain in the custody of the DLD until transfer is complete. The DLD now register the property in the name of the Buyer. You are now comfortable the Buyer has made all payments, and the Buyer is secure in the knowledge that the property is registered to them – with Title Deed being released upon completion. Both parties now visit the your bank and the Managers Cheque for the liability is released. Clearance of your loan takes approximately one week, where after a clearance certificate is issued to the Buyer – this is required to apply for the NOC. As with all stages of the home buying process, Midnight Properties will guide you, managing all of your exposure.



Obtain NOC

Both Buyer and Seller apply for a No Objection Certificate, both must be present (or their appointed Power Of Attorney). This process confirms the you have no outstanding debt on the property. Typically, the Seller pays the service maintenance fees owed for the whole calendar year, subsequently reimbursed pro-rata by Buyer on Transfer. The NOC is applied for in the developer's office and takes approximately a week to be returned. Seller is responsible for paying the AED1,000 fee (Nakheel); or the AED1,500 – AED5,000 fee (Emaar – regular or express). In addition, Buyer pays AED5,000 refundable bond, this in repaid once copy of title deed in name of Buyer is registered with the developer.

Transfer Property

The property is transferred into the Buyer's name. This process is completed in the Dubai Land Department (DLD), or one of it's appointed transfer centres. All payments are made in cleared funds, (Manager Cheques) and the Title Deed confirming the Buyer as the recognized owner is issued immediately. Unless negotiated differently, your Buyer is responsible for DLD fees; 4% of purchase price + 315 admin fee + AED4000 transfer centre fee.




It's time to determine what you're going to spend your hard-earned money on. Alternatively, contact Midnight to identify the next opportunity to increase those savings..


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