Step 1. A potential Buyer finds a property they like.

Step 2. The Buyer and Seller sign a SPA («Sale and Purchase agreement») containing the following information:

1. Purchase price in numbers and writing;

2. A list of all additional fees (specifying real estate agency fees/developer’s fees/deposit amounts, etc.) ;

3. The date of transfer and the penalty payment scenario;

4. Mutual settlements between the parties procedure;

5. Obligations of the parties in case of non-fulfillment of the contract;

Step 3. During the signing of the sale and purchase agreement, the Buyer, as proof of serious intention, deposits the amount of 10% (ten percent) of the total value of the acquired property.

Step 4. The Seller receives special permission from the developer — NOC (No Objection Certificate) to sell the property. This document is necessary for the next step.

Step 5. Seller and Buyer meet in the Land Department or the Dubai Land Department Trustee Office. The Buyer pays money to the Seller, and the transaction is recorded in the blockchain registry of the Land Department. Upon completion, the Certificate of Ownership (Title Deed) is reissued, a document establishing and confirming the real estate ownership.