Dubai is gradually becoming one of the most significant real estate industry centers in the world. There are a number of crucial legal credentials you should prepare before offering your home for sale online. Having the proper documentation may make the difference between a smooth and secure transaction and a difficult and unsuccessful one.
1. Which documents are required to sell a property in Dubai?
To begin, the paperwork you’ll need is frequently determined by the sort of transaction you’re pursuing. However, these are the documents you will always need to advertise your home in Dubai at the most basic level:
a photocopy of your current passport
A title deed or other proof of ownership of the property is required.
a copy of your current UAE residency permit
a copy of your Emirates identification
1.1. Registering a tenancy contract with Ejari
The Dubai Land Department develops and manages Ejari, a platform for verifying contracts between landlords and tenants. Any property deal you make in Dubai requires you to register your contract with this system. This is a means to ensure that any private rental agreement respects the rules set out by the government. You must prepare the following additional papers in order to register your contract on the Ejari platform:
The initial tenancy agreement between the landlord and the tenant, signed by both parties.
Rent checks and security deposits have been confirmed as paid.
AED 220 or AED 172 DEWA Premises Number Registration Fee for Ejari
While the renter is responsible for paying any costs that may be incurred, it is the landlord’s obligation to ensure that the rental contract is entered into the Ejari platform. You may register your contract at any typing center (with a charge of AED 220) or through the Ejari mobile app (with an AED 172 registration fee).
You will receive an official Ejari contract with a unique Ejari ID number once you have successfully registered your paperwork via any of these ways. As a result, you will be able to open a DEWA account, ensuring that the property will have water and power.
2. How do you go about selling real estate in Dubai?
Many professional real estate brokers have in-depth understanding of the business and will without a doubt assist you in the process if you are wanting to place your home on the market and do not have the necessary skills.
In general, whether it’s an investment property or a house for sale in Dubai, you’ll need to follow certain processes to sell property.
Be cautious while planning: First and foremost, you must understand your duties and the costs involved with land for sale. Listing your home for sale on social media and completing the relevant documentation is one example of this. You have the option of hiring a real estate broker or selling on your own as you prepare to sell.
Advertise your property: Standing out in a sea of properties for sale on the internet might be difficult. To display your house as a beautiful diamond, you’ll need to use a wide selection of top media tools. Make sure to list your home on property portals and in local newspapers, as well as on a variety of social media websites and platforms.
Sign the appropriate forms: Most importantly, you must sign the Memorandum of Understanding. Similarly, obtaining a No Objection Certificate from the property developer is required to complete the sale of a property in Dubai. Read the legal paperwork carefully and check over all of the facts before signing.
Finally, the ownership transfer and a flawless sign-over are the final stages of the selling process. Both parties must provide the previously stated papers, such as the ownership deed, passports, visas, and Emirates ID.
3. How do you list a property for sale in Dubai?
After your property has been registered with the Lands Department, all you have to do now is choose a real estate website to market it on. Typically, the following information is necessary to market land for sale:
The property’s actual address.
The seller’s contact information, such as a phone number or an email address.
The number of bedrooms, bathrooms, and garages in the apartment or house, among other things.
Determine the sort of land contract you desire. Indicate whether you want to sell or rent the property, as well as the total cost of the transaction.
Photographs of the premises Make sure to include both an outdoor area and a good view of the inside rooms.
The next step is to simply offer your house for sale after you’ve set up this information. You may do this by going to a property platform like Connect Property. Our tools for adding a listing allow you to organize the property facts in a straightforward and easy-to-understand manner. Once your property has been placed on our database, a potential buyer will be able to locate it fast owing to our extensive search filters.
As you can see, the listing procedure is rather simple. Once you’ve completed the necessary paperwork and data, the site can handle the next steps in finding a tenant or buyer.
4. How do you choose a good real estate agent?
After you’ve finished the preliminary stages in selling your home, it’s important to choose a qualified real estate agent. Also, be wary of any unlawful real estate brokers you may come across throughout the choosing process. Check to see whether they are licensed and have a card from the Real Estate Regulatory Agency. You should hire a real estate agent that is knowledgeable about the market and has sales experience. Above all, in the neighborhood where you’re selling.
Examine their websites, social media accounts, reviews, and property listings after you’ve narrowed down your selection of agents. Concentrate on their web presence and how they advertise themselves professionally. Examine how they put their skills to the test using current technological trends and their reactions to bad feedback. Confirm that they have the marketing finances and resources to sell your home on a variety of channels. Similarly, most real estate agents utilize a variety of property websites and may even be able to advertise your home for free.
Without a doubt, a real estate broker can give your house more exposure and help you sell it faster. Find out whether someone is a competent property investor, have them assist you in negotiating a better bargain, devote more time to your transaction, and keep your emotions from ruining the process.