Expression of Interest is an important aspect in the Dubai real estate market. This process allows potential buyers to express interest in purchasing properties at various stages of development. In the UAE, where the real estate market attracts investors from all over the world due to high returns on investment and a stable economy, the EOI system plays a key role in the pre-sale stage of properties that are not yet built or in the early stages of construction.
The procedure begins with filing a statement of interest, which is not obligatory to purchase, but serves as a demonstration of the seriousness of the client’s intentions. This is a preliminary stage that allows sellers to assess the level of interest and potential offers before negotiations begin.
When submitting an EOI, the potential buyer provides information about himself, including name, contact information, proposed purchase price, terms of the deal, any other relevant information. The seller, in turn, evaluates the proposals received, selecting the most suitable candidates for further negotiations.
The process includes several stages, from application to negotiations. If successful, a preliminary purchase and sale agreement is signed. It is important that buyers approach the process strategically, conduct a thorough market analysis, and prepare a compelling statement of interest to stand out from the competition.
Sizes start at five thousand dollars and can go up to five percent of the final square footage cost. Our agency Dubai Estate PRO is ready to help you book your desired home before sales start and legally support the transaction.