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  • Dubai Real Estate Seller Guide

Dubai Real Estate Seller Guide

Use our Seller’s Guide to give you the knowledge on the steps that need to be taken in order for you to ensure that your property is marketed effectively and is ultimately sold to the right person at the right price.

Listing your Property
In order to successfully list your property for sale with us, we will need

  • a signed Seller Agency Agreement known as Form A,
  • a copy of your passport

and the ownership documents as followed:

  • If property is Under Construction:
    • The 1st page of your Property Sales Agreement
    • The payment schedule
    • The receipts for the amounts that you have paid the Developer
    • The floor plan of the property
    • The keys to the property
  • If property is completed:
    • The Title deed or 1st page of your Property Sales Agreement
    • Owner’s Passport Copy
    • The Completion Certificate for Payments
    • The floor plan of the property
    • The keys to the property

 

Please Note:
All completed properties are required to be registered with the Lands Department before a successful transfer can be completed to a new owner. This cost will be charged to the Seller

Appraisal of Your Property
Once you’ve signed the Agency Agreement (Form A), we will arrange an appointment to conduct an appraisal of your property. You will be issued with a comparable market analysis of similar properties that are correctly listed in your area, and also properties that have recently been sold to give you an indication of the price you can expect.

Marketing Your Property
Once you have decided to sell your Dubai, the next step is to seek a market appraisal from our agent’s unique marketing strategy. This information will help determine a likely price range and the method of sale by conducting a research thru checking the existing market price and their experience in the local market will give you advice as to where your property sits in the market.

Agreeing To Sell Your Property
Once you’ve accepted an offer from a prospective buyer, an agreement known as a Memorandum of Understanding (MOU) or Sales & Purchase Agreement (SPA) needs to be signed between both you and the buyer. This agreement highlights the terms and conditions agreed, and the buyer shall pay a deposit of up to 10% of the value of the agreed price which will be held by Provident Estate in trust until the transfer date.

Conveyance Services
Once the MOU/SPA has been signed for the sale of your property, the complex (and at times stressful process) known in Dubai as a “Transfer” needs to be conducted in order to transfer the property from your name into the new owners name. This process will be handled by Provident estate preferred conveyencing partners who provide a full, professional and transparent service. The Conveyance team deal with developers, lenders and government bodies every day, and understand all of the necessary requirements, procedures, policies and processes, freeing you from the need to become a property transfer expert. They will deal with everything on your behalf and should you be unable to attend the transfer, we can arrange to complete the transfer on your behalf under a Power of Attorney.

Service Fee
2% – 3% for the sale of the property as brokerage fee