Selling your property in Dubai can be a little exhausting if you don’t know the procedures correctly. And it is undoubtedly a matter of concern if you are first time selling your property. So, knowing the current real estate market is necessary, along with some important documents to sell a property in Dubai.
Hence, if you have set your mind on selling your house, don’t forget to check your property documents. Make sure you have the essential, up-to-date documents ready before you put the board of sale.
Important Documents to Sell a Property in Dubai
So, here is a list of all the important documents needed to sell a real estate property in Dubai.
Must-have Personal Documents
Before you consider selling anything, one of the most important things is to have your basic personal documents. Having your passport, Emirates ID, and resident visa are essential as a Dubai resident. And must check if they are up-to-date, valid, and have the current modifications. As a non-resident in Dubai, you should have a valid passport as your personal document.
Copy of Your Updated Title Deed
In Dubai, you must have your updated title deed before selling your property. It is very crucial as it’ll be updated on the Dubai Rest App. Dubai Rest App is a mandatory platform for Dubai residents if they have any property. This platform helps them upload their contact information and property details which is essential for selling your property.
NOC From the Developer
Another critical document that you need is to have your NOC (Non-Objection Certificate) from the developer of your property. This certificate ensures that your home, with all the upgrades and modifications, is approved by the developer and Dubai municipality. Hence, make sure to obtain this certificate if you are listing your property for sale. In addition, as this process is a bit time-consuming, preparing for it beforehand will be more helpful.
MOU-Memorandum of Understanding
Memorandum of understanding is the contract paper that the seller and buyer must sign before the final procedures. Also known as the FORM F, this contract ensures that both the seller and buyer mutually agree to all the terms and conditions. Such as setting the price, additional repairment costs, property details, etc.
Furthermore, you can’t return back once you sign it and make your down payment. So, before signing, make sure to read every single detail property and then make the decision.
Conclusion
We’ve carefully included all the necessary documents you need to prepare to sell your property. But as we’ve said, be knowledgeable about the market trend and learn everything about property selling before you actually sell. It will help you a lot in your journey of selling your property on good terms.