Here, a step-by-step guide to selling property in Dubai
This phase is decisive and can be the key factor in the success of your property sale. It's important to choose a reputable company with a proven track record in the secondary market.
The firm you choose must give you confidence, as it will have to protect your interests and possibly those of the buyer if he decides to sell himself.
Our agency has a perfect knowledge of the sales process, and we can accompany you whatever the scenario.
We advise you to start the selling process with a single company. If you don't get a serious offer within a month, consider putting your property on the market with other real estate agencies.
After deciphering the characteristics of the unit you wish to sell, our agency will offer you an initial price estimate.
This estimate will be derived from the most recent sales data available from the Dubai Land Department for comparable properties in the same area or nearby.
If the property you are interested in is under construction, our agency will naturally have to visit the site to calculate the estimate. Once we've established the selling price, we can move on to the next step.
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In order to promote properties on Dubai's main real estate websites, the agency must have a formal sales agreement. This agreement specifies the commission that the seller will pay to the real estate agency in the event of a successful sale.
To draw up the sales agreement, the selected real estate agency will need the following information:
- Property tax or Oqood document in pdf format
- A copy of your passport or Emirati identity card.
The sales contract will be drawn up by the real estate agency and signed electronically by the seller(s). It specifies the sale price, the duration of the contract and the names of the sellers.
If your home is ready and on the market, we'll take high-quality photos of your property.
In addition, we engage with our network of investors and real estate agencies in partnerships.
Our elite seller status allows us to offer your listings the highest visibility.
We manage all negotiations with potential buyers from A to Z, making you only sincere proposals, which you are free to accept or refuse.
We'll give you sympathetic guidance based on current market conditions, but the final decision remains in your hands.
In Dubai, the initial sales contract is called the "F Contract".
This contract is signed electronically by the seller and the buyer.
To create the F Contract, the real estate agent needs the following information:
- seller's and buyer's passports
- Emirates identification numbers for seller and buyer (if applicable)
- Title deeds to the property
- Seller and buyer contact details (email, phone number, address)
- The agreed final sales price
If the seller or buyer are absent, a trusted person can represent them. A power of attorney can be drawn up remotely for a fee of around €300.
Once the seller has obtained the necessary Certificate of Ownership (NOC) and the buyer has raised all the necessary funds to confirm the transaction, the process of transferring ownership rights can begin. In this case, a trusted person with power of attorney can act as intermediary between the seller and the buyer.
To begin this process, an appointment is made at a trustee's office, which is the local equivalent of a notary. The real estate agent will provide the trustee with all the necessary documents.
The trustee then verifies the legitimacy of the documents and confirms the payment by examining the cashier's check or inquiring of the seller about the receipt of funds. The primary aim of these checks is to ensure that the transaction is totally secure for all parties involved.
On completion of these steps, which should take no more than 15 minutes, the agency will confirm the transaction and the new owner will be informed by e-mail of receipt of the deed.
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