Brand new high-rise apartments and modern villas with stunning living spaces are coming to the market all the time in Dubai, meaning sellers need to work a little harder to yield a lucrative return on their investments. Working with us gives you the competitive edge when it comes to correct evaluation, creative marketing strategy, sales strategy and negotiation. Stay informed on the process and increase your chances to sell faster for a higher price by following this 10-step guide for the seller, packed with valuable advice put together by our property experts.

Step 1: Choose a RERA Licensed Agent

Work only with a licensed Real Estate agent with inside-out knowledge of the local market and a solid reputation for providing excellent customer service. Select a licensed and qualified broker that can market your home effectively to a strong network of buyers and represent your best interests at negotiations. Contact our office and book a consultation one of our Associate Brokers for professional advice and guidance on selling your home.

Step 2: Appraise Your Property

Arrange a face-to-face meeting with your agent for an accurate valuation of your home and detailed market analysis of similar properties in the area. This will help you set a fair price to attract the right buyers. Remember, the advertised price is often not the final sale price.

Step 3: List Your Property Exclusively

Consider listing your home exclusively with one agency that will deploy an entire team to deliver a best – in -class marketing campaign and sales strategy to attract the right buyers at your desired price. No stress, no fuss, no wasting time – only measurable results.

Step 4: Consider the Timeline

When selling properties in Dubai, a sale can be completed within seven to 10 days between a cash seller and a cash buyer. Where the property is financed through a mortgage, the full process can take up to two months.

Step 5: Prepare Your Property for Viewings

Deep clean and declutter your home and tidy up the landscaping to create a welcoming vibe and maximize its sale value. Your broker can help arrange a professional photographer to create high quality marketing assets to reach potential buyers.

Step 6: Prepare Your Paperwork

Avoid any delays in the sale process by having all the required paperwork ready. These include your valid passport and visa( if you’re an expat), the Title Deed (apply as soon as possible if you don’t have one), the Affection Plan, maintenance fees receipts, Dubai Electricity and Water Authority (DEWA) bills, and the tenancy agreement (if applicable).

Step 7: Accept an Offer

Once you have accepted an offer, you will enter into a legally binding agreement with the buyer called Memorandum of Understanding (MOU) which outlines all the details and terms of the sale.

Step 8: Pay Off Your Mortgage

If you have a mortgage with a bank, you will need to apply for a Liability Letter stating the total outstanding amount to be paid. This can take up to two weeks. Then, the buyer will need to settle the mortgage in order to obtain a Clearance Certificate, the original Title Deed, and all other security documents.

Step 9: Apply for the No Objection Certificate

Your broker will apply for the No Objection Certificate (NOC) from the developer to ensure the property has been fully paid for and is free from any outstanding charges or maintenance fees. This can take up to seven working days.

Step 10: Complete the Sale

Visit the Dubai Land Department to complete the transfer of property ownership to the new owner and receive your payment in the form of a manager’s cheque. A new Title Deed will then be issued to the new owner.

Ready to sell your property in Dubai? Get in touch with us today!