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Every individual working under a brokerage firm and as a real estate agent in Dubai requires individual registration with the authorities and is issued a photo identity card with a license number from RERA (Digital ID).
Agents have to attend and pass the RERA real estate course and exam, and they will be provided with an annual RERA card which is renewable. Every agent must be registered under the umbrella of a real estate company.
The list price is the asking price of the property; this is negotiable. Normally seen in online property portals.
The sale price is what the owner will settle at. Data available from DLD
The real estate agent can provide a comparative market analysis for free to give the buyer a sound idea of what is sold and at what rate, and what is available in the market for a comparable property. The list price is at the discretion of the Seller.
This is the price provided by specially appointed agencies by the banks to approve mortgage amounts. There is a fee of about AED 3,000-5,000 charged by the banks for this service.
To list your property, you need to sign a listing form (Form A) which carries all relevant information of the property.
Title Deed of the Property or Oqood
POA – Power of Attorney, attested in Dubai Court – if the owner of the unit appoints someone to sign on their behalf. The validity of POA is 2 years and it is renewable.
Valid Passport copy
Signed listing agreement (Form A)
Speak to your agent who is specialized in your community. He/she will be able to advise you on the current market value of your property. You can find out the value of your property through your agent who can provide you with a comparative market analysis.
LYD Real Estate Agents have access to statistical data and real-time transactions for all properties in Dubai.
LYD Real Estate agents will strive to obtain the highest possible value for your property, through a home enhancement recommendation and a customised marketing plan.
Please refer to LYD Real Estate agents for more details on the benefits of the exclusive listing.
The property should be in good and clean condition, as the condition of the property reflects on the price.
Exclusive listing with us will get you lot of advantages:
– Professional photography and video production – Complimentary
– Open House – Complimentary-
– Premium and Featured listings on property portals – Complimentary
The registration cost of the Title Deed should be shared between the buyer and the seller, but in practice today, it is paid by the buyer. Standard fees are 4% of the property sale price.
Rent will be calculated on a pro-rata basis. The rent from the transfer date till the contract expiry will be reimbursed to the buyer along with the tenant security deposit.
Depending on the status of your property, either complete or incomplete, you will need the following documents:
(0123) 456-7890
info@lydgroup.com
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