How to sell a property in Dubai
Your guide to a smooth property sale
Understanding the sales process
If this is your first time selling a property, you might wonder how long the process will take. The timeline is influenced by several factors, including your consultant’s strategy and the efficiency of communication among all parties. Pricing also impacts buyer interest.
For financed sellers dealing with financed buyers, the process might take around eight weeks. If one party is a cash buyer or seller, the process could take about six weeks. For cash-only transactions, the timeline may be as short as one to four weeks.
Setting the right sales price
Pricing your property correctly is essential. Overpricing can deter interest, while underpricing may not serve your best interests as a seller.
Market conditions largely dictate the price. An experienced property consultant can help you determine an appropriate price based on current trends. They’ll also provide marketing strategies and data to support the sale.
If you’re looking for an immediate estimate, our team can provide a valuation and a detailed report within minutes.
Choosing the right property agent
Selling a property is a significant decision, and choosing an agent specializing in your area can ensure a seamless process and optimal results.
A skilled agent will act as the main communicator between you and potential buyers, so it’s crucial to work with someone you trust and can communicate with openly.
Additionally, consider the agency’s services. Do they have a strong marketing team? How is their customer service? Do they collaborate with partners for services like mortgages, furniture solutions, and conveyancing?
Frequently Asked Questions
Working exclusively with one agency provides a single point of contact throughout the process, eliminating the need to coordinate with multiple agents. A reputable agency with a large database can offer targeted exposure through major channels, supported by a dedicated marketing strategy.
Yes, sellers should account for:
- Agency fees: 2% of the sale price
- No Objection Certificate (NOC): AED 525 – 5,500
- Conveyancing fees (if applicable): AED 6,300 – 8,400
- Mortgage discharge fee (if applicable): AED 1,605
To start the sale process, you’ll need:
- A valid passport
- Emirates ID and visa (if a UAE resident)
- Title deed or Oqood
If you’re unsure about selling, you might consider alternatives like long-term leasing, holiday rentals, or refinancing. Consult an expert to determine the best option for your situation.