How to sell property in Dubai: basic rules and what you need to know

04 Jun How to sell property in Dubai: basic rules and what you need to know

Selling real estate in Dubai is a process that requires a competent approach, knowledge of UAE legislation and understanding of the local market. The emirate actively attracts investors from all over the world, so transactions here take place at the international level and under strict legal regulations. Below are the key stages and tips that will help you successfully sell real estate in Dubai. Dubai penthouses for sale are offered on favorable terms if you contact reliable, proven platforms.

Property valuation

The first step is the correct market valuation of the property. This can be done with the help of a licensed realtor or an independent appraiser. The cost of real estate depends on many factors:

• location;
• type of property;
• condition;
• availability of infrastructure;
• demand at this stage.

In Dubai, all real estate transactions must be carried out through a registered broker with a RERA license. A reliable broker will not only help find a buyer, but will also conduct the entire transaction legally correctly. Promotion of the property is an important component of success. Online platforms, social networks, agency mailings are used. Professional photos, video reviews, virtual tours and a competent description – all this increases the chances of a quick sale.

To complete the transaction, the seller needs to obtain a NOC from the developer – a document confirming the absence of debts for maintenance and technical condition of the property. After that, the transaction is registered in the DLD, and the property rights are transferred to the new owner. In Dubai, there is no income tax on the sale of real estate, but there are mandatory expenses.

Features of the process

Selling real estate in Dubai is a transparent, but formalized process that requires professional support. The main thing is to choose the right broker, evaluate the property and follow local legal requirements.

This approach guarantees the security of the transaction and the quick sale of your property. In addition, it is important to take into account current market trends – during periods of high demand, real estate can be sold faster and at a better price. It is also recommended to prepare all the documents in advance:

• passport;
• title documents;
• certificates of payment of utilities.

This approach allows you to speed up the transaction and increase confidence on the part of the buyer.