Selling Property Guide in Dubai
Step-by-Step Guide to Selling Real Estate in Dubai
Selling real estate in Dubai requires careful planning, strategy, and understanding of the market. This guide explains the process from property presentation to final sale, along with professional tips to achieve the best price for your property.
- Presentation of Property
Ensure your property looks as presentable as possible. Address cracks, defects, or maintenance issues, invest in a fresh coat of paint if needed, clean the property thoroughly, and maintain a tidy garden for villas. A well-presented property increases your chances of selling quickly and at the best price. - Carrying Out a Market Appraisal
A real estate consultant will perform a market appraisal to determine the optimal price. Accurate pricing based on development, location, and property type is key to attracting buyers and achieving the best sale outcome. - Listing Your Property for Sale
To list your property, you must sign Form A and provide a copy of your title deed and passport. Form A is a legal contract between seller and broker outlining all terms for selling the property. - Marketing Your Home
Effective marketing is crucial. Professional photos, premium listings, social media campaigns, and email outreach help reach a wide audience. Approximately 70% of homes sell within the first four weeks of listing. - Showing the Property to Potential Buyers
Your agent will arrange viewings, answer questions, and report solid leads. They facilitate negotiations on your behalf, ensuring your guidance is incorporated into the process. - Seller and Buyer Agreement Terms
Once a serious buyer is identified, both parties sign a Memorandum of Understanding (MOU/Form F), and the buyer provides a 10% security deposit. - If You Are a Mortgage Seller
The buyer must settle your mortgage before the NOC can be issued, requiring bank involvement. Start this process immediately after signing the MOU to save time. - Applying for the NOC
Meet at the developer’s office to request a No Objection Certificate (NOC). The developer ensures service charges are settled and modifications comply with guidelines. The NOC may require a small fee and processing can take up to 5 working days. - Arranging for Utilities Disconnection
Coordinate with utility providers to disconnect services before transfer. Early planning avoids delays. - Receiving the NOC and Transferring Ownership
Once the NOC is issued, visit the Dubai Land Department (DLD) to complete the ownership transfer. Payments include the purchase price, 4% transfer fee, and admin fees (up to AED 4,000). The new title deed will be issued to the buyer, and service charges are settled pro-rata.
Frequently Asked Questions for Sellers
- Taxes: UAE has no property or income tax. Owners pay annual maintenance and service charges (AED 10–30 per sq.ft).
- Sales and Purchase Process: Buyer chooses property → Sign sales agreement → Pay deposit → Apply for NOC → Transfer property at DLD.
- Selling Without an Agent: Possible, but agencies provide market expertise, contracts, and negotiation support.
- Requirements for Agents: Must have trade license, RERA registration (ORN and BRN), and complete DREI certification.
- Registered Agents: Essential for accountability and safeguarding assets.
- Documents Needed to Sell: Original title deed, NOC, passport copy, Form A (if using an agency), any other required documentation.
- Receiving Funds Without a Bank Account: Open a multi-currency Dirham account; most banks require a visa.
- Fair Market Price Guarantee: Agencies provide historical and market data; Form A confirms agreed listing price.
- Selling Without Being Present: Use a notarized Power of Attorney for registration and utility setup.
- Hiring a Lawyer: Optional; all contracts follow Dubai government regulations.
- Transfer Location: All transactions are handled at Dubai Land Department trustee offices; all parties must be present.