Can I buy a property in Dubai with cash?

Yes, you can purchase property in Dubai with cash; however, it is essential to follow the regulations set by the Dubai Land Department (DLD). The standard payment method for property transactions is through a manager’s cheque. On the transfer day, the buyer submits a manager cheque in the name of the seller as per the agreed price in the Unified Contract F. Additionally, it is standard practice to present a security cheque (not cashable) in the name of the seller which is equal to 10% of the selling price and is kept in the custody of the brokers until the successful transfer is completed. If you wish to pay by cash and the seller agrees, this method is considered a side agreement between the buyer and seller. To comply with DLD regulations, the seller must provide a Court Declaration confirming they have received the selling price. This declaration can be arranged through any typing center or notary office and must be submitted to the DLD on the transfer date in order to accept it and issue the title deed under the Buyer's name as new owner. By adhering to these steps, you can ensure a smooth and compliant transaction. Always consult with your conveyancer or legal advisor to avoid any complications.