There are several aspects to take into account while selling your property in Dubai. To enable a hassle-free real estate transaction, we have compiled this brief seller’s guide so that you can easily navigate the journey of selling your property:
The documents you’ll need to start the process of selling your property are:
- Original Passport and a copy
- Original Power of Attorney document (if applicable)
- A Valid Visa copy (resident/tourist)
- A Valid Emirates ID copy (resident)
- Original Title Deed and a copy
All copies will need to be attested by the UAE embassy.
You will need to apply for and obtain:
a contract of sale underlining the terms and conditions of the agreement between the buyer and the seller. This includes and is not limited to property details, selling price and transfer date. No Objection Certificate (NOC) - This is a document issued stating that there is no objection from the developer of the property - any debts and liabilities in the seller’s name will need to be cleared to obtain this document.
After the NOC has been granted, both parties need to be present at the Dubai Land Department to finalise the paperwork and proceed with the payment. If one of the parties is unable to be physically present, they can award power of attorney to an appropriate individual. The location of the transfer of the title deed has been outsourced to the Registration Trustee offices situated throughout Dubai. At the office, a mandatory AED 4000 fee is applicable for the completion of the sale. Both parties then provide signatures to officially transfer the title deed in the name of the buyer. At this stage, the deal is complete.