Earnest money is money put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is usually between 1-5% of the purchase price (though the amount can vary with local customs and conditions). If your offer is accepted, the earnest money becomes part of your down payment or closing costs. If the offer is rejected, your money is returned to you. If you back out of a deal, you may forfeit the entire amount.
Owning a property in Dubai has become an easy feat for interested foreign and local investors as the…
Dubai, the new global hotspot has become one of the most desirable destinations to visit as well as…
Dubai is home to millions of expatriates and hundreds of global enterprises from all around the world. A…
Recent Comments