Why do I Need Professional Property Consultancy in Dubai?
If you are an investor inside or outside of Dubai, having a real estate advisor in Dubai is an important step for making sure you get your money’s worth out of your new investment.
A real estate consultant in Dubai is responsible for offering professional advice about property in the region. Their real estate services in Dubai include knowing the developers that are currently planning new projects, the contractors building these new projects as well as their reputations, and the property owners that are interested in selling high-value residential properties. They also understand government regulation, and the steps to take to make sure any investments, purchase, or property transaction goes off without a hitch.
The real estate consultants at Constant Real Estate are dedicated to finding a property you love at a price that fits your budget. Contracting with us doesn’t cost you anything, and we’ll help you well after you’ve purchased your new property with processes like reselling and integrating into Dubai life, so you can rest assured that we are pulling out the stops to find your perfect home or rental property. When it comes to finding a real estate investment in Dubai, Constant Real Estate is the only real estate consultancy company you need.
What is a Property Consultant in Dubai?
Property consultants in Dubai provide a range of services related to real estate transactions.
- They help their clients understand the state of the market, how to conduct property valuations, and where to invest for the greatest return on investment.
- They also often serve as real estate agents, helping clients find homes that match their wishes and providing exclusive listings that are not publicly listed.
- They value properties, so buyers know if they are getting a good price, and help negotiate the price and other contract aspects to the benefit of their client.
- They can help their client draft legal papers and represent them in legal proceedings should these considerations be necessary.
- A property consultant in Dubai understands local legislation, handling documentation and easing the registration and ownership transferring processes.
- Property consultants can offer advice on financing and securing funds to purchase leases or deeds for the desired property.
- They can help their clients with relocation services and continue to offer support after the sale of the property in matters of upkeep, furnishing, and utilities.
- Finally, property consultants can help their clients with resale should the client decide to sell their property and move to a new one.
How Much Does Real Estate Consultancy Cost in Dubai?
Most real estate consultants in Dubai work on commission based on the property price. A common commission percentage is four percent, which means for a property priced at AED 1.5 million ($410,000) would yield a commission of AED 60,000 ($16,500). Be sure to understand if the commission for your chosen real estate consultant is paid by you, the client, or the developer of the property. Constant Real Estate operates with the later arrangement, only taking commission if the sale goes through and being paid by the developer.
How to Sell a Property in Dubai
To sell a property in Dubai:
- Find a reputable real estate agent. Constant Real Estate can help in this matter.
- Fill out RERA Form A (lease brokerage agreement between the broker and tenant), which authorizes your agent to represent you.
- Advertise your property. Your Constant Real Estate agent can help in this matter.
- Establish a price based on current market conditions.
- Sign form F, the Memorandum of Understanding (MoU), and obtain a No Objection Certificate (NOC)
- Transfer ownership of the property to the buyer.
You will need to obtain several documents while selling your property in Dubai. - Form A from RERA
- Form F, the MoU
- The NOC from the property developer
- A copy of the title deed.
- A cheque addressed to the seller for the purchase price
- A cheque to the Dubai Land Department (DLD) for the transfer fee
- Original identification documents including your passport, visa, and the Emirate ID of both the buyer and seller.