Hi Ali,

Hope all is good.

First of all you are dealing with Better homes, so your initial indication about having a peace of mind is correct. Its the top most agency in UAE so there should be no hesitation in dealing with them.

1. The 10% deposit is fully refundable in case he decides to delay.

2. As per the MOU and agreement he is liable to pay a penalty in case he decides not to sell the property and you can take the issue up with RERA should he backs out.

3. NOC is required from the developer and will only be issued if the maintenance service charges have been paid. He will clear the utility bills through Better Homes and then your agent will apply for a NOC. If it's not an Emaar property then the seller doesn't need to there to get the NOC. In all likelihood if th seller doesn't come to Dubai then he will issue a POA (Power of Attorney) on agents name to handle the transaction. Confirm with your agent if he is doing this and ask for a copy of POA.

4. The final payment will be made via a managers cheque at the land department at the time of transfer.

5. To protect yourself, don't sign the form "Disbursement of Funds" which will be given to you by Bhomes. Simply tell them that I don't want any initial funds deposited to be disbursed to the seller and will only disburse at the time of transfer. the agency will take its commission prior to the transfer which is fine as this is held in their account and only released to agent after the transfer, this payment is also fully refundable.

In the end what you must seek is that if the seller is giving POA to the agent or whether he will be visiting Dubai himself to conduct the deal.

Hope this helps and let me know if you need further assistance.

Regards,
Zeeshan Khan

As usual Zeeshan gr8 help and thank you so much for taking a time out to write such a informative reply..

Thanks buddy

Hi Ali,

My pleasure and let me know if you need further clarification.

Regards,
Zeeshan Khan

Zeeshan, You might as well tell me, i want to make this APT a really a home for myself hence gonna need some good furniture so u know apart from IKEA where i can get FAB furniture at reasonable price?