Buyer's
Guide

The process of buying a property differs depending on where you are in the world. Our buyer’s guide will help you familiarise yourself with the process so your purchase will go as smoothly as possible.

1. Set a budget

The most important thing to do when you start looking for a property to buy is get your budget set. If you are buying in cash make sure you have the money available to you here in Qatar for the time of transfer.
2. Get a mortgage if required

If you need a mortgage then you need to speak to a mortgage advisor and have them arrange Pre-Approval for you from the bank which tells you how much you can spend. Remember if you are getting a mortgage you will need a minimum deposit of 25%.
3. Make an offer

Once you’ve found a property you love and are ready to make an offer move quickly. Being ready to move quickly will put you in a stronger negotiating position so have your mortgage pre-approval ready and the 10% deposit you will need to secure the unit.
4. Hire a conveyancer

In most cases you will engage the services of a professional conveyancer to assist with the sales process. Good conveyancer will hold your hand every step of the way.
5. Get the NOC

Prior to the purchase the seller will need to obtain an NOC from the developer who built the property which will ensure the property is free from any outstanding service charges.
6. "Block" the property

If there is a mortgage on the property you are buying you will go through “blocking”. The seller will obtain a liability letter from their bank and you will come to the DLD to “block” the property with four cheques – one in the name of the seller’s bank for the outstanding mortgage, one in the name of the seller for the remainder of the purchase price , one in the name of the DLD for the transfer fees of 4% and last manager cheque in the name of the agency.
7. Transfer the property

It's transfer day! You will meet down at the transfer office with your broker, conveyancer and the seller. Property purchases can only be made in cash or by managers cheques so chances are you will have your managers cheques ready. Remember you will also need a cheque for 4% of the value of the property for the DLD transfer fees and cash for the DLD office as administration fees. Once the transfer is complete the sale is registered with the DLD and you will receive your new Title Deed and all keys/access cards to your property.
8. You are now a homeowner!

Congratulations. You are now a homeowner! You will need to make sure all utilities are registered under your name. You better start planning the housewarming party.s