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Selling a Property
Selling Property In Dubai
Luxurious living, tax-free home and business ownership, amazing lifestyle with awesome shopping centers, restaurants and beaches, majestic desert sceneries and rich culture are just a few factors that make Dubai an ideal place to live and work.
Buying property in Dubai is an excellent investment in your and your children’s future – the city is developing extensively and has excellent conditions for expats. But regardless of whether you want to buy a real estate for further earnings or want to move to Dubai, you need to know a number of basic principles when buying real estate in the UAE.
Experienced agents of Metropolitan Premium Properties, who are professionals in the UAE real estate market, will help you to acquire your ideal property. We’ll give you the answers to all your questions about your prospective second home or potential investment. With us you will feel safe and protected not only because you will be informed about all aspects of the deal in details, but also because we can guarantee the transparency and complete legal compliance: our in-house conveyancing team will support you throughout the transaction.
Things to Remember
When Selling Property in Dubai
Finding the Right Dubai Property Advisor
The Dubai property market is very different to other countries, so make sure you have a Dubai real estate agent you can trust to guide you through the process and who is registered with Dubai Real Estate Authority. The local knowledge of the market, legislation and procedures is crucial and Metropolitan Premium Properties can certainly become your professional guide and deliver to you your best real estate deal ever.
Legal Framework
Anyone, whether based overseas or a resident of Dubai, can purchase a property in Dubai’s designated freehold areas as authorised in 2002 by the Ruler of the Emirate of Dubai, followed by a number of laws and by-laws as the Dubai real estate market was further developing. You are not required to hold any type of residency or similar permit to be eligible to purchase properties in Dubai.
Who Can Buy
Any natural or legal person can own a property in Dubai, though in case of registration under a company’s name, it must be incorporated in Dubai onshore zone or in certain dedicated offshore or free zones. Metropolitan Premium Properties provides incorporation services for our buyers and will be happy to prepare the full set of documents for a property’s registration and maintain your company further.
Timeframes
An average resale property transaction in Dubai takes around 30 days to be finalized, starting from the date of the Sale Contract is signed by all concerned parties. Off-plan property deals are normally done within one day and sometimes take as little as 30 minutes. To facilitate the deal and save our clients’ time, we can work on the customer’s behalf under the Power of Attorney, and in this case the buyer will be free to travel according to the planned schedule, while we finalize the transaction.