Deal Process Title

Deal Process Rules
The user selects a property (listing) and can initiate communication via WhatsApp to discuss questions related to the property.

The user can make a price offer by clicking the “Make an Offer” button. This offer is sent to the Seller. The Seller can either accept or reject the offer.

If the Buyer accepts the offer on the website, both the Buyer and the Seller receive a notification, the listing is hidden from the website, and a Proffer representative contacts both parties to explain the next steps.

The Buyer provides their personal information and identification documents (passport, Emirates ID if available).

If a counteroffer is accepted with a price different from the original listing, a new Form A is generated and sent to the Seller for signing via DLD.

Once Form A is signed, Form B is generated and sent to the Buyer for signing.

Proffer conducts KYC and AML checks for all parties involved in the transaction.

After Forms A and B are signed, Proffer generates Form F of the agreement and sends it to the Buyer and the Seller for signing.

Once Form F is signed, Proffer issues an invoice to the Buyer for a deposit equal to 10% of the property value. The Buyer either pays the invoice or provides a cheque for the deposit amount.

The Seller provides an NOC from the developer or the property management company.

After the NOC and the deposit are received, Proffer coordinates the date and time of the meeting at the Trustee Office with all parties to the transaction. The presence of a legal representative is also confirmed, if applicable.

On the day of the transaction, the Buyer provides the following payment documents and performs the following actions:

a. If the deposit was paid via invoice, the Buyer provides a manager’s cheque for 90% of the property value. The deposit (10%) is then transferred to the Seller by the Company.

b. If the deposit was provided as a cheque, the Buyer provides a manager’s cheque for 100% of the property value. The deposit cheque is returned to the Buyer.

c. The Buyer provides a manager’s cheque to DLD in the amount of 4% of the property value.

d. A 1% commission is paid to Proffer.

e. The Buyer pays a service fee to the Company via invoice — AED 4,200 or AED 5,200 depending on the property value and the registration procedure in the specific Trustee Office.

The meeting of the parties at the Trustee Office concludes with the completion of the transaction.