Selling property made easy
7 easy steps to sell your property in Dubai
First thing’s first, you will need to get a market valuation. There are many ways you can go about this, but the best route to take is to consult a RERA certified real estate broker and run a CMA (Comparative Market Analysis) to determine your property’s value based on market trends.
Take your time to evaluate which brokerage you wish to work with. It’s better if you choose a company that trains their brokers to be Community Experts; professionals who know their area inside out and exclusively list with them. Going exclusive increases your chances of getting your property off the market in record time, as the broker will be motivated to give your property their undivided attention. Sing the Form A to legally allow the brokerage to advertise your property.
Make sure to show your property in its best light. We recommend hiring a professional property photographer, who can capture the essence of your home to attract interested clients. Be sure your home is staged and dressed appropriately before the day of the shoot. Decluttering and dusting off corners can make your property stand out from the rest of the homes.
After a few views, expect some quality offers on the table. The agent will help you navigate price negotiations to maximise your ROI.
In case you bought your property with a mortgage, you will need a liability letter from the bank. This will address certain costs and fees that either you, the seller, or the buyer can proceed with the sale of the property.
You will need to apply and pay for a Non Objection Certificate from the developer. The NOC will verify that no withstanding payments are due for service charges or other fees.
A property transfer is not a walk in the park. Make sure to hire a conveyancer to help you transfer the property to the new owner.
Sell your property in record time
Your questions answered
To put your property in the market, you will need to get your personal documents in order (passport, Emirates ID, and resident's visa). You will also need your Title Deed for proof of ownership and the NOC from the developer and Dubai Municipality. In case you've done any revamps or modifications, be sure to have the receipts for those changes too.
Yes, you can sell your property without a fully paid off mortgage. However, this requires additional steps and can be complicated. Be sure to watch our mortgages video to comprehend how to sell or buy a property with a mortgage.
RERA certified agents can conduct property appraisals. Your property value is determined based on different factors such as:
Location
Property size
Future development potential
Area rates
You will need the following documents to transfer the property.
Letter from the transferor
Homeowner's Emirates ID
Homeowner passport copy
Power of attorney (In case the homeowner is not present).
You will need to cover the following fees:
AED 250 for the Title Deed
AED 325 for the Dubai Municipality
AED 10 for knowledge fee
AED 10 for innovation fee
Having a valid tenancy contract on the property does not prevent you from selling. It will be part of your agreement with a Buyer to transfer the tenancy to the Buyer whom will automatically inherit the tenancy terms and replace Seller as the Landlord.
Keep your house low-maintenance, make it look appealing, keep it efficient, hire an inspector to look for hidden problems, virtually increase its space, balance style with a sense of balance, and avoid major projects.