At Layan You are granted the right attention you deserve and have been always looking for. It is because of the vast experience we had through the accumulative years over the last couple of decades, and our ability to cover every aspect of Real Estate through our well established Group of companies, in addition to our thorough understanding for the special requirements of our High Net Worth clients; it is because all of the afore mentioned, Layan Real Estate Brokers is exclusively managing real estate services worth AED 2 Billion. We expect a steady growth in our Property different services portfolios to reach AED 6 Billion by the end of 2017.
With Layan it is not just buying, selling or renting a property, it is a long term partnership relationship that we are proud to walk the extra mile to maintain.
Understanding the Selling Process is very important to familiarize yourself with the up-to-date procedures involved with a property in Dubai. Allow Layan Real Estate Brokers to handle the actions for you.
Why list with Layan Real Estate Brokers?
At Layan Real Estate Brokers, we prepare periodic studies about the real estate market. In addition to utilizing up to date technologies to provide you with a world-class services in order to get your property sold at the most realistic price in the shortest time.
- We shall create for you an online account at Layan Real Estate Broker through which you will be able to have access 24/7 on the list of your properties with full details and explore the current status of your rentals, sales as well as prospect opportunities in the real estate market. Personalizing our services is our asset to guarantee your satisfaction.
- We utilize our efficient and effective long term experience and marketing skills to get the right exposure for your property, based on the target segment that suits your specific property. The right way it is exposed, the best offer you’ll get.
- Our team of agents will conduct a market study to assess the value of your property based on the the market status, your property type, the existing interests’ ratios and the selling prices of similar properties.
- Layan Real Estate Brokers will then offer their expert tips and advice on the best approach to sell your property.
- We maintain and strengthen our buyers’ network and reach out to join hands with every player in the real estate market to achieve maximum exposure for your property.
- Exclusive properties will enable us to provide you with the best ways and conditions to achieve tangible results.
- You will receive a high level of professionalism, integrity and ethics and we would be glad to walk the extra mile in presenting you our best services.
- Layan Real Estate Brokers guarantees that we’ll get your property sold through clarity, straightforwardness, well planned steps and best reasonable prices based on the market conditions.
Selling Guide
- Viewings will be conducted on your behalf by your real estate agent
Please note that the following description is subject to change from authorities without previous notice.
Individual Seller
- Original title deed
- No objective certificate (NOC) from Master Developer.
- Signed memorandum of understanding (MOU) or sales and purchase agreement (SPA).
- Passport copy of the seller (non-colored), with visa copy
- Emirates ID,
- In case of representation, POA issued by Dubai Notary Public or another country Notary Public duly attested by the UAE embassy and Ministry of Foreign affairs of that country. “(Please note that POA is valid for 2 years only)”.
- Bank Account.
Transfer fees “Dubai Land Department”:
- Villa/ apartment: Manager Cheque of 4% of the total selling value + AED 580.00 for Title Deed.
- land: Manager Cheque of 4% of the total selling value + AED 380.00 for map.
Registration fees “Real Estate Registration trustee Office”:
- 4,000.00 AED if the price of the property is equal or more than AED 500,000.00 – cash.
- 2,000.00 AED if the price of the property is less than AED 500,000.00 – cash.
If the Seller is a company
Individual Local Company:
- Original title deed
- No objective certificate (NOC) from Master Developer.
- Trade License + Copy.
- Owner Passport + Copy.
- Power of Attorney issued by Dubai Notary Public + Copy (mentioning the formula of selling).
- Attorney Passport copy.
- Signed Buyers Agreement “MOU or SPA” (otherwise known as Form F).
Limited Liability Company (L.L.C):
- Original title deed
- No objective certificate (NOC) from Master Developer.
- Trade license.
- Parties and Ratios page (copy + original) if it is a joint partnership company.
- Memorandum of association certificate (original +copy + (Translated to Arabic).
- Power of Attorney issued by Dubai Notary Public + Copy (mentioning the formula of Selling).
- Attorney Passport copy.
- Signed Seller Agreement “MOU or SPA” (otherwise known as Form F).
Off Shore Company:
- Original title deed
- No objective certificate (NOC) from Master Developer.
- Certificate of Incorporation (Trade License).
- Certificate of Good Standing.
- Certificate of Incumbency. (Valid for 5 working days for the seller company).
- Memorandum and Articles of Association Original + Copy (Translated to Arabic).
- Power of Attorney issued by Dubai Notary Public + Copy (mentioning the formula of selling). And/or Board Resolution to allow the company as well as the individual to sell specific property.
- If the off-shore company is owned by another company in another country, then same documents are required for that company.
- Attorney Passport copy.
- Signed Buyers Agreement “MOU or SPA” (otherwise known as Form F).
- (NOC) from JAFZA and land department (if the company is a seller and owned by another company).
Transfer fees “Dubai Land Department”:
- Villa/ apartment: Manager Cheque of 4% of the total selling value + AED 580.00 for Title Deed.
- Land: Manager Cheque of 4% of the total selling value + AED 380.00 for map.
Registration fees “Real Estate Registration trustee Office”:
- 4,000.00 AED if the price of the property is equal or more than AED 500,000.00 – cash.
- 2,000.00 AED if the price of the property is less than AED 500,000.00– cash.
OQOODI (Pre – Completion Registration):
- No Objection Certificate from Developer (NOC).
- Initial Contract Signed buyer – seller Agreement “SPA”.
- Passport copy of the seller (non-colored) has to be sign with mobile number.
- Trade License + Copy.
- Owner Passport + Copy.
- Power of Attorney issued by Dubai Notary Public + Copy (mentioning the formula of selling).
- Attorney Passport copy.
- Signed Buyers Agreement “MOU or SPA” (otherwise known as Form F).
Transfer fees “Dubai Land Department”:
- Manager Cheque of 4% of the total selling value + AED 40.00
Registration fees “Real Estate Registration trustee Office”:
- AED 5,000.00 Cash Payment.
GIFT PROCEDURE
- Original title deed.
- The owner has to attend in person or Power of Attorney (translated in Arabic and attested)
- Passport Copy, ( if they are Residence -Visa Page, Emirates ID)
- Evaluation certificate issued from land Department.
- NOC letter from developer (freehold only) No objective certificate if the property given in was given in free zone.
- Marriage certificate (for gifting to wife or husband) or Birth certificate (for gifting to children) all documents should be translated to Arabic and duly attested.
Transfer fees “Dubai Land Department”:
- Manager Cheque of 0.125% from the evaluation value (Minimum Cap of AED 2,000) + AED 550.00
Registration fees “Real Estate Registration trustee Office”:
- AED 4,000.00 if the price of the property is equal or more than AED 2,000.000.00
- AED 2,000.00 if the price of the property is less than AED 2,000,000.00
Mortgage Discharge:
- Original Title Deed + copy.
- Original “Mortgage Discharge Letter” from the Bank.
- Owner Passport copy.
Mortgage Discharge fees “Dubai Land Department”:
- AED 1,290.00 Cash Payment.
Mortgage fees “Real Estate Registration trustee Office”:
- AED 300.00 – Cash Payment.
Mortgage Editing (“Price”):
- Original Title Deed + copy.
- Original “Mortgage Discharge Letter” from the Bank.
- Owner’s Passport copy.
Mortgage Editing fees “Dubai Land Department”:
- Manager Cheque of 0.25% from the evaluation value + AED 260.00
- AED 1,290.00 Cash Payment.
Mortgage fees “Real Estate Registration trustee Office”:
- AED 2,000.00 – Cash Payment.
Mortgage Editing (“Date”):
- Original Title Deed + copy.
- Original “Mortgage Discharge Letter” from the Bank.
- Owner Passport copy.
Mortgage Editing fees “Dubai Land Department”:
- AED 1,010.00 + AED 270.00 Cash Payment.
Mortgage fees “Real Estate Registration trustee Office”:
- AED 300.00 – Cash Payment.
- Whatever you spend on your property will positively affect faster selling as well as better price negotiation standpoints.
Selling Process
Achieving a fast sell with desired price can be a challenge task but still achievable if the right steps were conducted:
- List & Manage your property through Layan Real Estate Brokers.
- Once you’ve signed our Agency Agreement, we will proceed with conducting a market study analysis to draw the selling map of your property and portray an estimate of the price you can expect. Layan will then start marketing and promoting your property on various platforms including our investor’s list.
- Layan will conduct as many viewings with prospective buyers as possible. We shall filter the buyers and forward you Only serious offers with deposit cheques.
- Layan Real Estate Brokers will build with you the negotiation strategy based on the buyers’ traffic and offers.
- Once you have accepted and agreed to an offer, Layan will then prepare the Sale and Purchase Agreement, known as Form F and get the legalities done. All our agreements are reviewed by Top Ranked lawyers to protect all parties in the contract. Once the agreement is finalized, we shall start preparing for the transfer process.
- The next step will be booking an appointment for both the buyer and seller with the Master Developer to apply for the NOC “No Objection Certificate” for the transfer.
- The final stage is the transfer of ownership and title from you to the buyer. This will take place either at the Real Estate Registration Trustee Office.
- Congratulations! You’ve successfully sold your property in Dubai. Thank you for choosing Layan Real Estate Brokers. We appreciate providing your feedback on the clients’ testimonials on our website.