Are you looking at embarking on a journey of selling your property? Before selling a property in Dubai, there are several documents and ways that you will typically need to gather and look.
Here are the list of things that need to do and have in place before listing your property for sale: Whether it’s your investment property or your own unit in Dubai that you wish to put on the market.
Personal Documents
Provide the original and copies of your main documents and the same with of any co-owners or authorized representatives involved in the property transaction.
- For UAE Residents – must have a Valid Passport, Resident Visa and Emirates ID, updated with your latest information.
- For Non-Residents – A Valid Passport.
- An Original Copy of the Notarized POA (Power of Attorney) for the Authorized Representative (if applicable)
An Update Title Deed
(In selling your property, you must to have an updated Title Deed)
This is an important step, specially – if the properties was purchased a few years back , the owner or their representative must update the Title Deed to the office of Dubai Land Department (DLD) and register it to the new format which is listed on the Dubai Rest App with an updated QR code.
- The owners data or and their authorized representative a must to update their data in the new system that the DLD implemented. (only owners and their official authorized representative withheld a POA (Power of Attorney) documents are allowed to update their data and information.
- For owner residing within UAE , visit one of the approved Registration Trustee or Property Trustee offices.
- For owner residing outside UAE = Please send email | mail to afouad@althresh.net or to info@tamleekcube.ae
The Dubai Rest App is a smart platform that is designed for all Real Estate transactions across Dubai. Once you download the app, you can upload all your contact information and documents related to your property that facilitates the sale.
A Non-Objection Certificate | Clearance Letter (from The Developers / Dubai Municipality / Bank)
- No Objection Certificate (NOC): If the property is mortgaged or financed, obtain a No Objection Certificate from the bank or financial institution confirming their approval for the sale.
- Mortgage Clearance Letter: If you have a mortgage on the property, you will need a clearance letter from the bank or financial institution stating that the outstanding amount has been settled.
- Signed NOC and approved certificate from the Developer and the Municipality if the property been modified or have done any works such as extensions, upgrades, and any other alike changes done from the original lay out of the property.
Bills and Receipts (of any Updates And Modifications)
- Utility Bill Copies: Collect copies of recent utility bills (electricity, water, and district cooling) to demonstrate that all payments are up to date.
- Service Fee Receipts: Obtain receipts for the payment of service charges or maintenance fees, as these will need to be presented to the buyer.
By keeping and collecting all the receipts of all any upgrades and modifications done to your property – (furniture’s and fixtures) it helps to keep the value of your property at the best possible sale price.
Additional Information to prepare
- Details of the Property: This information will help for potential client | a buyer, to understand what you are selling. “Prepare a thorough and detailed description of the property, including its size, layout, amenities, and any special features.
- Survey Report of the Property: A survey report may be required to provide information on the property’s boundaries and any encroachments or easements.
- Report of Valuation : It is a property valuation report to determine the market value of your property. (It is not mandatory, but this will help you understand the market value of your property and to attract a right potential buyer.
- Notarized Power of Attorney POA (if applicable): A notarized power of attorney document will be required, if you are appointing a representative or attorney to handle the sale on your behalf,
- Memorandum of Understanding (MoU): In some cases, a preliminary agreement or MoU between the buyer and seller may be needed before proceeding with the sale.
AG ASSETS Real Estate LLC also offer a market appraisals on your property to help you list the best price for your units and property.
