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HOW TO SELL A PROPERTY IN DUBAI: A COMPREHENSIVE GUIDE

Date: 01-May-2024 | Category: News & Updates

Selling a property in Dubai involves several key steps. By following this guide, you can ensure a smooth and successful sale.

Step 1: Get a Property Valuation

Begin by determining the value of your property. Schedule a consultation with a local real estate expert who can evaluate your property's distinctive characteristics and the prevailing market conditions to provide you with an accurate valuation.

Step 2: Choose a Brokerage

Selecting the right brokerage is crucial. Research to find a brokerage with a robust presence in your locality and a proven track record. Solicit recommendations, peruse reviews and conduct interviews to identify the ideal partner for your sale.

Step 3: Consider an Exclusive Listing

An exclusive listing agreement with a single agent can be advantageous. It often results in more dedicated marketing efforts and can attract superior offers from prospective buyers.

Step 4: Prepare Your Property

Presentation is key. Ensure your property is immaculate for photographs and viewings. A thorough clean, decluttering, and a fresh coat of paint can significantly enhance first impressions.

Step 5: Obtain a No Objection Certificate (NOC)

Acquire an NOC from your property's developer, which verifies that all dues have been settled and you are authorized to sell.

Step 6: Understand the Costs

Familiarize yourself with the associated selling costs, such as the NOC fee and the broker's commission, which typically amounts to up to 2% of the sale price.

Step 7: Block the Property

If your property is mortgaged, you'll need to undergo a blocking process with your bank, which may incur additional fees.

Step 8: Hire a Conveyancer

Engage a conveyancer to manage the legal aspects of the sale. They will facilitate the process and ensure all legalities are properly addressed.

By adhering to these steps and collaborating with union square house, you can effectively navigate the property selling process in Dubai.