Selling Property in Dubai

To sell a property, you’ll typically need:
  • Title deed (issued by the Dubai Land Department).
  • Emirates ID (for UAE nationals) or passport (for expatriates).
  • No Objection Certificate (NOC) from the developer (if applicable).
  • Sale and Purchase Agreement (SPA).
  • Proof of property tax payments (if any).

While it’s not mandatory, using a licensed real estate agent can simplify the process. Agents can help with pricing, marketing, and navigating the legal aspects of the sale. Make sure the agent is registered with the Dubai Real Estate Regulatory Agency (RERA).

The general steps include:
  • Obtain an NOC from the developer (if the property is part of a development).
  • Prepare and sign the Sale and Purchase Agreement (SPA).
  • Complete the transfer of ownership at the Dubai Land Department.
  • Pay any applicable fees (e.g., transfer fees, agent commissions).
Costs can include:
  • Dubai Land Department transfer fee (typically 4% of the property’s sale price).
  • Real estate agent commission (usually 2% of the sale price).
  • NOC fee from the developer (if applicable).
  • Miscellaneous administrative costs.
Property value is generally determined based on:
  • Recent sales of comparable properties in the area.
  • The property’s condition and amenities.
  • Market conditions and demand.
  • Professional appraisals, if needed.
As of now, Dubai does not impose capital gains tax or property tax on residential property sales. However, it’s wise to consult with a tax advisor for any changes or specific circumstances.
If the property has an outstanding mortgage, you’ll need to settle this with the bank before the sale can proceed. The process typically involves:
  • Paying off the remaining mortgage amount.
  • Obtaining a No Objection Certificate from the bank.
  • Adjusting the sale price to cover the outstanding mortgage if necessary.

The time frame can vary based on factors such as market conditions, property type, and how quickly you find a buyer. On average, the entire process, from listing to finalising the sale, can take a few months.