Sellers Guide
Dubai stands as the epicenter of spectacular real estate properties, offering endless excitement and significant financial rewards. Whether you’re looking to sell your home or an off-plan property in this vibrant city, understanding the right procedures is crucial.
At Busy Bricks Real Estate, we’re here to guide you every step of the way. Our expertise ensures that you navigate the selling process smoothly and successfully, maximizing your benefits in Dubai’s dynamic market.
Explore how to sell your property in Dubai with ease and confidence with Busy Bricks Real Estate.
How to Sell Property in Dubai?
Here is how to sell property in Dubai:
1. Preparing Your House for Sale Before listing your property, ensure it appeals to potential buyers. Start by decluttering and thoroughly cleaning your home. Consider making necessary repairs or modifications to increase its value.
2. Find a Trustworthy Real Estate Agent Partnering with a reputable agent from Busy Bricks Real Estate, who has extensive experience in the Dubai market, is crucial for a successful sale. Their expertise and market knowledge will help navigate the complexities of selling property in Dubai. Research and interview various agents to find one who understands your needs and has a proven track record of successful deals.
3. Set the Right Price Setting the correct price for your property is vital. Work closely with your agent to evaluate your property’s features and highlight them to potential buyers. Consider factors such as location, property size, amenities, and condition when pricing your property accurately.
4. Effective Advertising and Promotion To attract potential buyers, you need to market your property effectively. Utilize online platforms, virtual tours, and real estate websites to showcase your property’s unique features. Professional photos, virtual tours, and detailed descriptions can significantly impact attracting prospective buyers.
5. Complete the Mandatory Paperwork Once you receive offers from interested buyers, it’s time to negotiate the deal’s details. Our agent will guide you through this process, from obtaining the No Objection Certificate (NOC) to the transfer process. Ensure all necessary paperwork is ready to avoid delays, including your valid passport and visa (if you’re an expat), the Title Deed, the Affection Plan, maintenance fee receipts, Dubai Electricity and Water Authority (DEWA) bills, and the tenancy agreement (if applicable).
6. Sign the MOU and Pay Off the Mortgage After accepting the home-sale offer, sign a legally binding agreement with the buyer called a Memorandum of Understanding (MOU), outlining all the sale details and terms. If your property is mortgaged, apply for a Liability Letter stating the total outstanding amount. This process can take up to two weeks. The buyer then settles the mortgage to obtain a clearance certificate, the original title deed, and all other security documents.
7. Close the Deal Complete the property ownership transfer to the new owner by visiting the Dubai Land Department. Upon completion, you will receive your payment as a manager’s cheque, and a new Title Deed will be issued to the new property owner.
