How to sell a property in Dubai

Thinking of buying a new home? Wondering what the process is for buying property in Dubai? Here’s a quick look into the buying process and some expert advice from our Property Consultants.
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Your guide to a fuss free property sale

From needing more space to relocating, there are many reasons why homeowners choose to sell their properties. If
you’re thinking of bringing yours to the market, having all the information from the start can simplify the journey and help
you prepare for any next steps. Let us guide you through.

Understanding the process

If you’ve never sold a property before, you might be wondering how long it will take. The timeline will depend on a few factors, like your Property Consultant’s strategy to exit you from the market and the speed of communication between everyone involved. The price will also determine the level of interest.

The payment plays a big part in the timeline too. If you’re a financed seller dealing with a financed buyer, the sale can take approximately 8 weeks. For a financed buyer and cash seller or vice versa, the process can take about 6 weeks – while a cash buyer and cash seller would be looking at an estimated 1-4 weeks.

Agreeing on a sales price

Advertising at a price that’s too high might not get you any enquiries, leaving the property on the market for a long time. If the price is too low, it’s not fair to you as the seller. So, what’s the magic number? The price will always be indicated by the market, so this is best left to the experts. An experienced Property Consultant will be able to guide you and align the price to the current market conditions. They will also support you with data, expertise, and a marketing strategy to sell your property.

Frequently Asked Questions

By working exclusively with one agency, you’ll have a dedicated point of contact throughout the entire process – no need to jump between calls and message multiple agents. This streamlined approach will make it a lot easier for you as a seller to stay on top of the latest updates on the process.

As a seller, you will need to pay a few costs to complete the transaction. Keep in mind that the NET price will be the agreed sale price with the following deductions:
Agency fee: 2% of the agreed sales price
No Objection Certificate from the developer: AED 525 – 5,500.
Conveyancing Fee: AED 6,300 – 8,400.
Mortgage discharge fee (if applicable): AED 1,605

This is what you’ll need to begin your sale:

Valid Passport
Emirates ID and visa (if UAE resident). Non-residents can provide their passport only.
Title Deed/Oqood.

There are many reasons why people choose to sell their property, some of them are looking for a bigger home while others want to take advantage of the market conditions. If you’re still not sure about selling, there are some alternatives that allow you to retain ownership of your property – including long term leasing, holiday renting, and refinancing.

Before making a decision, you might want to talk to an expert about your specific case and goals. That way you’ll dive into the process with confidence knowing it’s exactly what you want.