Sellers Guide

Have you now decided to sell your property?

Before anything else, it is a good idea to sit down and clarify your motivations and draw up a basic timeline of the selling process.

Why do you want to sell your property?

Do you need a bigger property, or do you plan on moving to another area or country? You might think your reasons are obvious, but it would do well to consider the implications of each option for your lifestyle, opportunities, and finances. Being clear about your intentions for selling will make it easier for us to determine the best course of action in order to sell your property along with realistic time frames.

Immediately establish your time frame for selling. If you need to sell quickly, we can speed up the process by giving you a complete market analysis and action plan to obtain all of your goals. If there is urgency to sell, we would suggest a meeting with one of our experienced real estate agents to review the current market conditions and find the most favorable time to sell which may not be immediately.

If you choose to work with us you can be sure that you will have our knowledge, expertise and negotiating skills. We will do our best to ensure we get you the optimum market price and terms of sale. We will keep you up-to-date on what is happening in the market and the price, financing, terms and conditions of competing properties.

The Property – Firstly ensure your property is presented well, especially if vacant. Presenting your property in the best possible light will not only help you sell your property quicker, but it will also influence the offers received and subsequent return on investment.

The Price – Conduct a market appraisal it is advisable to set a realistic price taking into account other similar properties on the market.

Marketing your property – When you list with us, we ensure we provide coverage of your property by ensuring we do the following:

• Professional photography
• Advertising on our website
• Website listings on all local property portals
• Email campaigns
• Social media marketing

The Paperwork – In order to list property in Dubai as per RERA requirements the below documents are required:

Individual Entity:

• Title deed / Oqood
• Passport copy of each owner

Company Entity:

• Title deed / Oqood
• Trade License
• Memorandum and Articles of Association
• Copy of shareholder(s) passport(s)

The following fees will generally apply to the sale and purchase of real estate in Dubai:

• 2% transfer fees – these are calculated at 4% of the purchase price. 2% payable by the buyer and 2% by the seller unless agreed otherwise.
• 2% Real Estate Agency commission
• No Objection Certificate (NOC) - range between AED 500 and AED 5,000 and is payable to the developer, usually by the seller unless agreed otherwise.
• Please note developers also ask for their annual service charges to be paid in advance before providing a NOC, however these can be shared by the buyer on a pro rata share basis.