If you have decided to sell your property, you should be aware of the time frames and the documentation that will be needed from you.
For a cash seller with a cash buyer, the process can be completed within 7-10 days, but when finance is involved, it can take up to 2 months.
Be prepared to show your property, or ask the tenant to allow access, as most of the buyers do require a site-visit prior to committing to the purchase. It is much easier to sell a property that can be shown at least once a week.
The buyer and seller will go to the developer’s office to apply for No Objection Certificate (NOC) to be submitted to the Land Department. This ensures that all the outstanding maintenance fees have been paid off, and that there are no loans/claims against the property. This will take up to 7 working days.
We are a registered company with the Dubai Economic Department under commercial license no. 1015061. Luxury Escapes is also registered with the Real Estate Regulatory Authority (RERA) No. 28742.
© luxury-escapes.com – All rights reserved