Seller’s Guide

Selling your property can, even at the best of times, be a daunting and frustrating experience without the right advice. So before you start your search, use our Seller’s Guide to give you the knowledge and tools to take the first step to selling your property to the right person. So before you start your search, why not use our Seller’s Guide to give you the basic knowledge and tools to take the first step in finding that special place you call home.

Property Appraisal

Our expert consultants at West Gate Real Estate carry out thousands of valuations every month, giving us intimate and unparalleled knowledge of property values in your area and all developments. This is why we consistently achieve the asking price across all our clients’ properties, contact us today for an appraisal and we`ll glady assist in a quick sale for your property.

Choose an Agent/Agency

When you instruct us as your agent for selling your home or commercial property rest assured your best interests are priority and we will work with you every step of the process to make it stress free with the end result you want – a quick sale! Take a look what our past clients had to say about us on our testimonials page as a reference to our work ethics.

Sign an Agency Agreement

As part of our service to you as an owner we require that you sign an agency agreement with us where we can then discuss what kind of price you are looking for your property and how quickly you want to sell among other things.

Maximum Exposure

When you instruct us to sell your property you will automatically benefit from our unrivalled, comprehensive marketing package. Our team of specialist ‘Photographers’ will, in just one visit, collect all marketing elements for your property including floorplans, colour photographs and have them live on our state of the art website within days, alongside local information, location maps, aerial views and printable colour brochures. Helping you find the clients you need to sell your home.

Arrange Your Viewings

To maximise viewing opportunities be sure to contact your designated property consultant so that they can arrange as many viewings for you as possible with our clients at times that suit you. This means that on any particular morning, afternoon or evening we can fit in as many viewings as possible for your property to give you a real chance of a quick sale with one of our clients.

Receiving an Offer

As soon as an offer is received we will notify you both verbally and in writing. Part of our service is to advise you on offers for your property, this can include what other properties of the same specifications are selling for in close proximity so that you know you are getting a price which is right and fair and that meets your expectations.

Agreeing to Sell

Once you have decided and accepted to sell your property, we will then prepare a sale and purchase agreement and write to all parties to confirm the agreed price and help with the agreement that is certified with RERA to protect all parties in an open and transparent way. Ask your consultant here for more information on this if you would like to see a draft copy of the agreements we use.

Signing an Agreement

As with all steps in the selling process it is part of our service here at WGRE that we prepare a draft agreement in the first instance. Our agreements are all RERA attested and certified. Once the agreement is finalised a deposit shall be taken from our client and passed onto yourself to secure the property sale.

Transfer of Ownership Title

The last and final stage of the selling process is the transfer of ownership and title from you to the buyer this takes place at either the Dubai Lands Department or the Master Developers Offices. There is a transfer feed involved and this can vary from developer to developer so consult your WGRE Property Consultant for more information on this.

Transfer of Ownership Title

The last and final stage of the buying process is the transfer of ownership and title from the seller to the buyer this is usually done at the master developers office. There is usually a transfer fee involved and this can vary from developer to developer. Consult your WGRE designated agent for more information on this.

Frequently Asked Questions

In order to successfully list your property for sale with us we need a signed Seller Agency Agreement known as Form A, a copy of your passport and the ownership documents as followed:

Under Construction Property:

  • Title Deed or The 1st page of your Property Sales Agreement
  • The payment schedule
  • The receipts for the amounts that you have paid to the Developer
  • The floor plan for the property
  • The keys for the property
  • Completed Property:

Completed Property:

  • The 1st page of your Property Sales Agreement or Title Deed
  • The Completion Certificate for Payments
  • The receipts for the amounts that you have paid to the Developer
  • The keys for the property

Please Note: All completed properties are required to be registered with the Lands Department before a successful transfer can be completed to a new owner. This is at the cost of the Seller.

Please visit the Selling Section

  • Refer to “List My Property” page.
  • Register your details as requested
  • Upload the documents required as per the status of your property i.e. Under Construction or Completed.
  • Once we have received your request, we will contact you to discuss our requirements for selling your property.

Or if that sounds a bit to complicated just call one of our residential consultants and they will assist you with listing your property with us.

Freehold is available on the majority of developments West Gate Real Estate handles. Freehold properties are properties built in designated areas where foreign citizens can buy those properties, and such ownership rights are given for indefinite time (no time limit).

While leasehold property ownership are granted for 30-99 years period only.

We have various methods of promoting your property. We understand every property needs exposure, hence our creation of branded For Sale boards, coverage on major internet property portals, and our popular and successful Open Houses in addition to a variety of other creative methods ensure that your property acquires maximum exposure to achieve the sale you’re looking for.

Dependent on our agreement, we charge sellers between 1% – 2% for the sale of the property sale value.

The Buyer’s Broker communicates the request for the Seller’s Broker to prepare Contract F as an “offer”.
The Seller’s Broker logs into the Dubai Brokers Smart App, accesses contract B either by:
  • Scanning the bar code assigned to contract B.
  • Entering the QR number assigned to contract B.
  • Selecting contract B from his/her pending contracts.
If contract B is not available, the Seller’s broker can add a buyer by:
  • Inserting buyer’s passport number.
  • Scanning buyer’s emirates ID.
  • Selecting the buyer’s ID number from the system, if he/she happens to be an existing owner in the system.
 

Step1 – Blocking of the Property

Required documents:

  • Liability letter from bank/developer (in Arabic) addressed to DLD. It should include the following:

  • Details of the property as mentioned on the title deed.

  • Outstanding balance of the Seller’s mortgage on a mortgaged property (from the bank) or outstanding balance of the Seller’s payments on delayed sale or off plan properties (from the developer).

  • An undertaking statement from the bank to release the mortgage once the outstanding balance of the mortgage on the property is settled. This should be stated and included in the liability letter.

  • Liability Letter has a fixed validity period upon which time; the Buyer should be advised to be ready to settle the mortgage by the end of this validity period, which could range between 7 – 15 days.

  • The Bank may charge for early settlement of the loan, Seller pays for this as well, unless agreed differently between parties.

  • Contract F signed by the Seller and Buyer.

  • Updated copy of the title deed.

  • No objection certificate (NOC) from developer (before submitting the cheques).

  • Emirates ID (if Seller and Buyer are residents of the UAE/Original passport (if Seller and Buyer are not residents of the UAE).

The following Manager cheques issued by the Buyer distributed as follows:

  • A manager cheque payable to the bank to settle the outstanding mortgage.

  • A manager cheque payable to the Seller for the remaining balance.

  • A manager cheque payable to Dubai Land Department for the transfer and registration fees, plus admin fees to DLD in order to reserve/block the property for 30 days.

**RT Fees:

  • AED 4,000 for completed property, if the price of the property is AED 500,000 or more. If the

    property is off-plan, the fee is AED 5,000.

  • AED 2,000 if the price of the property is less than AED 500,000. If the property is off-plan, the fee is AED 3,500.

  • The Seller takes the check payable to the bank to release the mortgage and obtain the clearance/release letters. Both Seller and Buyer may be required to be present at the bank.

** These Fees are subject to change

Step2 – Unblocking of the Property and Transfer of Ownership from Seller to Buyer

  • Both Parties return to registration trustee/DLD to unblock the property to complete the sale and issue new title deed in the name of the Buyer.

  • Required Documents:

  • Original title deed.

  • Mortgage release Letters from the bank to DLD, Developer and Seller.

**DLD Fees:

  • AED 1,290 mortgage release fees. (Fees may differ for Islamic banks).

** These Fees are subject to change

All Dubai Courts registered POAs can be checked online as follows:

  • Visit www.dubaicourts.gov.ae
  • Go to the tab ‘public e- service’
  • Inquiries
  • Inquiry about a document
  • Document Type: ‘Authentication Register’
  • Year: Year of registration
  • Serial Number: Enter serial number of document

Properties

  • AED 300,000,000
  • 500000 sqft
  • Whole Building
  • AED 40,000,000
  • 15100 sqft
  • Plot
  • AED 90,000,000
  • 115000 sqft
  • Whole Building
  • AED 100,000,000
  • 300000 sqft
  • Whole Building
  • AED 70,000,000
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