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Selling

Guide

1

Making your property look its best is key to selling it quickly and for a good price. Fix any cracks, defects, or maintenance issues before listing. Consider a fresh coat of paint and a thorough clean, including tidying the garden if it's a villa. Buyers aren't always great at imagining potential, so creating an emotional connection is crucial. Addressing minor repairs beforehand ensures your property shines and avoids putting off potential buyers.

2

Your real estate consultant will visit your property to assess its value. Pricing your property correctly is the most important factor for a timely sale. Our agents will conduct a study to give you accurate pricing guidelines based on the development, location, and property type, and help you plan a selling strategy. We also use tools like DXBinteract.com to provide you with real facts on recent transactions and rental data, helping you make an informed pricing decision.

3

To officially list your property, you'll need to sign a Form A (Contract A), which is a legal agreement between you (the seller) and your broker. You'll also need to provide a copy of your title deed/oqood and your passport/Emirates ID. Your broker will then apply for a marketing permit to advertise your property.

4

Effective marketing is vital for a sale. About 70% of homes sell within their first four weeks on the market. We use professional photos and descriptions, make listings premium on all major property portals, and run social media and email campaigns to reach the widest possible audience. Having the right agent who understands these marketing channels is crucial to maximizing exposure.

5

Your agent will arrange viewings with potential buyers. As an expert, they won't just show the property; they'll also provide information and answer questions about the property, community, and pricing. Your agent will report back on serious leads and facilitate negotiations on your behalf. Providing easy and unrestricted access to your agent for viewings is essential for quick results. Ensure all necessary documentation is available for smooth showings.

6

Once a serious buyer is found, your agent will help negotiate the price and terms between you and them, using market data to build a strong case. A 10% deposit cheque from the buyer can show they're serious. After an agreement, both parties will sign a Memorandum of Understanding (MOU), also known as Form/Contract F, which can often be signed electronically. The buyer's 10% security deposit is usually held by the agency until the property transfer. Your agency should give you a clear timeline of the process to avoid any surprises.

7

If you have an existing mortgage, the buyer will need to settle it before the No Objection Certificate (NOC) can be issued. This involves your bank. To save time, start the process with your bank as soon as you sign an MOU to get a liability letter (this can take up to two weeks). If the buyer is paying cash, the property can be blocked at the Dubai Land Department Trustee office to protect their payment while your mortgage is cleared. If the buyer is getting a loan, their bank will coordinate directly with yours.

8

You'll meet at the developer's office (or apply online) to get a No Objection Certificate (NOC), which is essential for selling. The developer will check if all service charges or installments are cleared. The NOC fee is typically between AED 500-5,000 + VAT. They might also inspect the property for any unapproved modifications before issuing the certificate. NOC processing usually takes up to 5 working days, though this can sometimes vary.

9

Start the process of disconnecting your utilities, like DEWA (Dubai Electricity and Water Authority). By this stage, everyone should know the property transfer date. Prompt disconnection avoids delays. This can usually be done online and takes 24-48 hours.

10

Once the NOC is issued, all parties go to a DLD-approved trustee office to officially transfer ownership and finalize payment. The Dubai Land Department (DLD) requires the purchase price to be paid to the seller via a manager's cheque. Separate manager's cheques are also needed for the 4% DLD transfer fee and the trustee office admin fee (which varies based on property value, and isn't applicable for off-plan properties as developers handle those transfers directly). Once all formalities are complete, the DLD issues a new title deed in the buyer's name. The buyer will also settle any prepaid service charges or rent with you on a pro-rata basis.

11

Before finalizing, do a final market check using DXB Interact. This tool provides current insights on market trends and prices, ensuring your property is competitively priced and helps attract serious buyers to maximize your sale potential.

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