Guide to Selling a Property in Dubai
When it’s time to sell your property, having the right knowledge is essential for a successful transaction. Here’s what to keep in mind before getting started and what to anticipate throughout the process.
Your guide to a smooth and hassle-free property sale.
Whether it's the need for more space or a relocation, homeowners sell their properties for various reasons. If you're considering listing yours, having the right information from the beginning can make the process smoother and help you navigate the next steps with ease. Let us walk you through it.
Navigating the process
If you’re selling a property for the first time, you might be wondering how long the process will take. The timeline varies based on several factors, including your Property Consultant’s strategy for exiting the market and how efficiently all parties communicate. Pricing also plays a key role in attracting potential buyers.
Payment methods significantly impact the timeframe as well. If both the buyer and seller are financing, the sale typically takes around 8 weeks. A financed buyer with a cash seller, or vice versa, can expect the process to take about 6 weeks. However, if both parties are dealing in cash, the transaction can be completed in approximately 1 to 4 weeks.
Setting the right sale price
Pricing your property correctly is crucial. Setting it too high may result in little to no interest, keeping it on the market for an extended period. On the other hand, pricing it too low means you might not get the value you deserve. So, what’s the ideal price?
Market trends ultimately determine property values, making expert guidance essential. A skilled Property Consultant can assess the current market conditions and help you set a competitive price. They’ll also provide valuable insights, data, and a tailored marketing strategy to ensure a successful sale.
Need a quick valuation? Use our free online tool to get an instant property assessment along with a
Selecting the ideal agent
Selling your property is a significant decision, and partnering with an agent who specializes in your area can ensure a smooth process and the best possible results. Your agent will act as the liaison between you and potential buyers, so it’s important to feel comfortable and confident in having open, honest discussions throughout the journey.
It’s also important to consider the agency’s overall capabilities. Do they have a strong marketing team to give your property the visibility it deserves? What is their level of customer service like? Do they offer a broad range of services and collaborate with trusted partners?
At Haz & Co Real Estate, we provide all the support you need in one place—from mortgage services and furniture solutions to conveyancing assistance. Whether you’re ready to sell or just have questions, we’re here to help.
Frequently Asked Questions
A few expenses will need to be covered by you as the seller in order to finish the transaction. Remember that the agreed-upon sale price less the following deductions will be the NET price:
2% of the agreed-upon sales price is the agency fee.
The developer’s No Objection Certificate: AED 525 to 5,500.
Transporting AED 6,300 to 8,400 is the fee.
AED 1,605 is the mortgage discharge fee, if applicable.
To start your sale, you’ll need the following:
A current passport, Emirates ID, and visa (if residing in the UAE). Only a passport can be presented by non-residents.
Oqood/title deed.
There are several reasons why people decide to sell their property, whether it’s to upgrade to a larger home or capitalize on favorable market conditions. If you’re uncertain about selling, there are alternative options that allow you to keep ownership of your property, such as long-term leasing, holiday rentals, or refinancing.
Before making a final decision, it’s a good idea to consult with an expert who can assess your unique situation and goals. This way, you can approach the process with confidence, knowing you’re making the best choice for your circumstances.