Buyers Guideline Sellers Guideline Landlord Guideline Tenants Guideline

 

1

Choose your Price

You must know all the fees and hidden costs involved before you agree to a selling price for your property. You must check the following with your Agent:

  • Selling Price
  • Transfer Fee
  • Developer NOC Charges
  • Agency Fee
  • Land Department/ Trustee Office Fee
  • Maintenance Fee Balance
  • Utility Deposits per Year Cancellations
  • Mortgage Balance

2

Choose your Agent

Besides the obvious fact that your agent should be compatible and honest with you, there are certain prerequisites that you must consider before choosing one.

  • The Agency should be RERA Certified
  • The Agent should be RERA Certified and have a Broker Card with him/her all the time.
  • The Agent should follow the RERA Code of Ethics.
  • The Agent should be specialist in the area of your choice.

3

Documentation

Once you have chosen your selling price your agent will market your property and get serious buyers for you. The following are the documents required to complete the selling process:

BUYER

  • Signed MOU (Offer Letter)
  • Deposit Cheque (usually 10%)
  • Original Passport and its copy
  • Valid Visa a resident
  • Emirates ID and its copy if a resident
  • Manager’s Cheque Payment to Seller and its Copy
  • Manager’s Cheque Agency Fee and its Copy
  • Cash Land Department/ Trustee Office Fee in Cash

SELLER

  • Signed MOU (Offer Letter)
  • Current Lease Contract
  • Original Passport and its copy
  • Valid Visa if a resident
  • Emirates ID and its copy if a resident
  • Current Lease Original
  • Signed Buyers Agreement – Form B
  • Signed Purchasing Agreement – Form F
  • Utility Deposits Original
  • Manager’s Cheque Agency Fee and its Copy

In case of a Company, the following additional documents are required:

  • Certificate of Incorporation
  • Memorandum of Association
  • Board Resolution
  • Power of Attorney (if any)

 

 

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