With a dynamic real estate market and potential investors, when selling property in Dubai you should consider laws and regulations. It requires careful planning and comprehensive market research. You need to understand what a buyer might want.
Here, we have made a step-by-step guide for selling your property. This guide covers all essential steps required for a smooth selling process. This guide will surely help you put your house in market.
- Preparing Your Property
- Find a Reliable Real Estate Agent
- Pricing Your Property
- Marketing Your Property
- Legal Considerations
- Finalising the Sale
- FAQs
Preparing Your Property
The first step to sell your house is to consider making it as presentable as possible. First impressions matter a lot, especially when it comes to selling your property in a highly glamorous city like Dubai.
By investing in how your property looks, you can attract potential customers and get good offers quickly.
Tips:
- Invest in repairs and renovation of your property.
- Fix any damages and consider minor upgrades. For example, installing new lights and having a fresh coat of paint on the property can do wonders.
- Hire professional house help for cleaning the interior and exterior of the property.
Find a Reliable Real Estate Agent
Finding a trustworthy & reliable real estate agent is a very crucial step when it comes to selling a house in Dubai. A good real estate agent will help you in the upcoming steps of selling your property, like setting up the right price, making your property look presentable, essential legal matters, etc.
Tips:
- Make sure that the real estate agent you are hiring is registered with the Real Estate Regulatory Authority (RERA) in Dubai.
- Ask for suggestions from friends or family if they have hired an experienced real estate agent in the past.
- Find super agents – they can help you sell your property in Dubai.
Pricing Your Property
Setting the right price while listing is crucial. Make sure to avoid listing your property as either underpriced or overpriced.
If the property is listed as overpriced, it will then lead to prolonged listing periods and less frequency of buyers contacting. On the other hand, underpricing your property will result in financial loss. Make sure to consult experts for property valuation in Dubai offers.
Tips:
- Check out prices of other properties of the same size in your neighbourhood.
- Get professional valuation from your licensed real estate agent.
- Also, consider the property’s age and unique features while making a valuation.
Marketing Your Property
Effectively marketing your property will help attract potential buyers and will also help in securing the best possible deal on your property. Your real estate agent will be responsible for marketing your property on online property listings.
Just make sure, the agent uses high-quality pictures and clear descriptions about your property while listing on online portals.
Tips:
- List your property on multiple real estate websites with accurate descriptions and all necessary information. You can contact the agent to list your property for sale in Dubai at Property Finder.
- Invest in high-quality pictures and videography of your property. You can hire a professional photographer to ensure your property is displayed clearly.
- Make 3D virtual tours of your property. This will allow potential buyers to explore the property remotely.
- Arrange open houses to attract potential buyers.
Legal Considerations
Make sure to comply with all legal requirements and issues when you plan to sell property in Dubai.
Here are a few legal matters you need to consider:
- Obtain a NOC (No Objection Certificate) from the developer of the property.
- Sign a MOU with the buyer before handing over your property to them. This document mentions the agreed-upon price, payment schedule, and other agreed terms.
- Pay any outstanding charges or fees associated with the property, such as maintenance fees, utility bills, Dubai municipality fees and other charges.
Finalising the Sale
After all the important steps are done, you may finalise the process and hand over the property to the buyer.
Here are a few steps to finalise your property:
Payment
Make sure the buyer makes the payment properly. Once they have paid, make sure to verify the transaction with the amount mentioned in the MOU.
Ownership Transfer
With the buyer, attend the property ownership transfer appointment at the Dubai Land Department (DLD) office to finalise the sale officially.
Handing Over The Property
Once verified by the Dubai Land Department (DLD), you can give the keys and necessary documents to the new owner.
FAQs
You can list your property on real estate websites like Property Finder to find authentic buyers. Check out the top real estate apps in Dubai and list your property there.
Yes. A property lawyer advises you on overcoming legal hindrances that might occur when you sell property in Dubai.
You can check they are registered with RERA (Real Estate Regulatory Authority).
Selling your property in Dubai involves working with a complex landscape of market trends, legal matters, and proper marketing. Remember to make your property presentable, set up a justified price, and market it well. This way, you can surely attract potential buyers and receive desirable offers.
If you are a buyer, you can check out the step-by-step guide to buying property in Dubai.
