How To Sell A Property In Dubai?

You should arrange to have your property appraised by a local market or real estate expert at your home. This will allow him or her to see unique features, evaluate the current market conditions, and compare recent sales in the area. In addition to providing you with market appraisals and showing you recently sold prices, they will also offer advice and insights into the Dubai property market and the area you are selling in.

The price you want to sell your property at already exists in your mind but is it realistic and achievable in the Dubai real estate market? To find out what your property is worth and at what price range you have in mind for sale, you might want to look at similar properties in Dubai. Monthly, you will receive market price indexes that let you know what has sold in your area and at what price.

Exclusive representation by Dubai’s best real estate agents ensures that the property is marketed with a unique message in a unique manner. In addition to increasing your chances of getting a buyer for your property, listing it with one agent will encourage the broker to put more time and effort into attracting prospective buyers. Overexposure through various brokers can be perceived as a desperate sales pitch.
Ensure that your property is marketed to all potential buyers by choosing a brokerage that has a strong local presence and a broader market appeal. It will prevent you from having your property advertised in several different ways, some of which may state a completely different price than you and your agent has agreed on.

As per the laws and regulations of Dubai Land Department, Form A is mandatory to be signed by the seller and the real estate agency before the agency starts marketing that property in the market.

Form A generally includes details of the property and owner, the agreed sale amount which the owner is willing to sell his property for, the agreed commission amount/percentage between the seller and real estate agency.

Decluttering your property before beginning the process of selling it is very important. Professional photography will be taken for your property, so ensuring the photos look attractive and clean as possible is crucial. If any snag job needs to be completed before the marketing of your property begins, brokers will recommend that you do so before marketing starts. The sales and marketing team at Houzon will market your property thoroughly, taking professional pictures and posting them on social media. They will have dedicated team meetings with prospective buyers, emailing, and SMSing them.

The sales process is usually handled by a professional conveyancer. You will be guided through the entire process by a good conveyancer.

After you have found the right buyer for your property at an agreed price, Form F or Memorandum of Understanding which is an agreement between seller and buyer with agreed terms and conditions along with the agreed time frame decided to finish the transaction has to be signed. Agents will go through each of the terms and conditions with you to ensure you are comfortable moving forward before moving to the transfer stage. Agents will also explain what you need to do and what you will be responsible for during the transfer process.

A small fee is required to be paid by the seller to issue a No Objection Certificate or NOC from the developer. This certificate is crucial for selling a property in Dubai. And, up to 2% is charged to the brokers. Most other fees need to be paid by the buyer.

Bank liability letters are needed by sellers who have mortgages on their property. Fees may apply if the buyer and seller do not settle in full.

A professional conveyancer company should be engaged once the deal has been finalized to ensure that the process will run smoothly.