Selling a Property
Sell your property with us
Initial Consultation
We begin with a consultation to understand your goals and property details.
Showing & Open Houses
We arrange events to highlight your property's key features.
Property Valuation
Our experts determine the optimal listing price based on market trends.
Offer Management
We present and review offers, providing expert advice.
Marketing Strategy
We craft a plan to showcase your property through various channels.
Closing the Deal
We handle all legal and financial details to ensure a smooth closing.
Services We Provide to Support Your Sale
Track your sales process effortlessly with Idraak Properties. Our dashboard offers a clear presentation of all facts and figures related to your property’s sale. (Availability may vary by region.
Unmatched Expertise
Idraak Properties excels in property management, working with leading industry experts to maintain and enhance property value. Our experienced team ensures every property is meticulously cared for, maximizing rental income and long-term appreciation.
Comprehensive Relocation Services
Idraak Properties offers comprehensive relocation services, collaborating with top relocation specialists to provide seamless transitions for clients moving to Dubai. From finding the perfect home to assisting with legal documentation and settling in, our team ensures a smooth and stress-free relocation experience.
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Selling Guide
Selling property in Dubai involves several steps that require careful attention to detail to ensure a smooth transaction. This guide provides a thorough overview of the entire process, from selecting a real estate agent to finalizing the sale at the Dubai Land Department (DLD).
The first step in selling your property in Dubai is selecting a reputable real estate agent. The agent you choose should be registered with the Real Estate Regulatory Agency (RERA) and possess a strong understanding of the local market. Once you’ve selected an agent, formalize the arrangement by signing RERA Form A.
Form A: The Formal Agreement
Form A is a critical document that formally mandates the marketing and brokering of your property to the agent. It includes essential details such as property specifics, agent commission, service charges, payment schedules, mortgage status, and the scope of listings. After signing Form A, it is submitted to the DLD’s Trakheesi system for approval. Once approved, a permit number is issued, allowing the property to be advertised.
Effective advertising is crucial for attracting potential buyers. In Dubai, property ads must include comprehensive details, high-quality photos, and videos. Your agent will typically handle the listing on major platforms like Dubizzle and Bayut. However, you can also place ads yourself, utilizing various channels such as newspaper adverts and social media.
Property Evaluation Before Advertising
Before placing an ad, it’s advisable to have your property evaluated to ensure it is accurately priced for the market. This evaluation will guide the marketing strategy, helping to position your property competitively.
A well-prepared property is more likely to sell quickly and at a better price. This preparation involves:
- Deep Cleaning and Repairs: Ensure your property is spotless and all minor repairs are completed.
- Staging: Arrange the property to highlight its strengths and create a welcoming atmosphere.
- Professional Photography: High-quality images are essential for online listings.
Your agent may also suggest a 3D virtual tour or video to enhance the property’s appeal to potential buyers.
Once your property attracts interest, the next step is to negotiate with potential buyers. The negotiation process involves assessing offers based on the buyer’s financial status and the terms they propose.
Finalizing the Agreement: Signing Form F
After agreeing on the sale terms, both parties sign Form F, also known as the Memorandum of Understanding (MOU). This document outlines the agreed terms, including the sale price, property details, selling costs, and the transfer date. Form F is legally binding once both parties sign it in the presence of an agent. At this stage, the buyer typically makes a down payment as a commitment to the purchase.
Before the sale can be finalized, you need to obtain a No Objection Certificate (NOC) from the property developer. This certificate confirms that all debts or liabilities related to the property have been cleared. The process of obtaining a NOC usually takes five to seven working days, and the fee ranges from AED 500 to AED 5,000, depending on the developer.
Documents Required for the NOC:
- Title Deed or Oqood (for off-plan properties)
- Emirates ID or passport with a valid residency visa
- Copy of Form F
The final step in selling your property is the transfer of ownership at the Dubai Land Department. Both the buyer and seller, along with their agents, must visit a DLD trustee office to complete the transaction.
Obtaining the No Objection Certificate (NOC)
Steps for Ownership Transfer:
- The buyer pays the remaining balance of the purchase price.
- The seller pays the transfer fees, typically 4% of the sale price.
- A new Title Deed is issued in the buyer’s name.
Documents Required for Transfer:
- Signed Form F (MOU)
- NOC from the developer
- Original Title Deed
- Cheques for payment (balance amount and DLD transfer fee)
- Original passports, visas, and Emirates IDs of both the buyer and seller
If the property is mortgaged, the buyer must settle the seller’s mortgage before the NOC can be issued. This requires coordination with the bank, which typically takes about two weeks to process. For cash buyers, the property can be blocked at the DLD Trustee office to ensure the buyer’s interests are protected during the mortgage clearance process.
Several fees are associated with selling property in Dubai, including:
- NOC Fees: Ranging from AED 500 to AED 5,000.
- Agency Fees: Typically 2% of the sale price.
- Dubai Land Department Fees: Usually 4% of the sale price, often split between buyer and seller.
- Transfer Fees: AED 2,100 for properties under AED 500,000 and AED 4,200 for properties over AED 500,000.
Additional Fees for Off-Plan and Mortgaged Properties:
- Early Settlement Fee: 1% of the remaining mortgage or AED 10,000, whichever is lesser.
- Blocking Charges: AED 1,020 to AED 1,520 to protect the buyer during mortgage clearance.
- Mortgage Release Fee: AED 1,290 for a standard mortgage, AED 1,560 for an Islamic mortgage.
After the sale is complete, ensure that all utility and service accounts are transferred or closed. Consult with a financial advisor regarding the proceeds from the sale, especially if you plan to reinvest in the Dubai real estate market. We offer consultations that are totally tailored to your needs. Whether you’re just starting to think about selling or ready to dive into an investment, we’ll sit down with you (or chat over the phone) to discuss your goals and how we can help you achieve them. Our advice is always based on real & accurate market data and years of experience, so you’ll walk away with clear, actionable insights.