Selling a property in Dubai wasn’t much of a problem when Dubai real estate market was thriving, then came the real estate bubble burst and lo, suddenly the property owners were stuck with their properties, thanks to an incredibly slow market. With declining prices and a very small number of interested buyers, foreign investors are now finding it hard to sell their properties in Dubai. As a result, they are trapped with their investment, with little or no help available on the internet.

One thing is for sure that still, the demand is there for the properties in Dubai due to its ongoing developments and a slow recovery process. Market is slow but not completely frozen especially for those who can invest in Dubai real estate sector for longer period. Experts forecast that positivism will be back in real estate sector, so the wealthy investors are looking for properties for long term investment.

From the seller’s point of view, the market prices of properties are not stable and not even at the level, at which they bought these properties. The circumstances are bad but properties can still repay a good amount to the investors. It is another fact that buying and selling methods that used to be a quick process are not that effective anymore. Below are some general points that must be considered to make an intelligent decision when you want to sell your property in Dubai.

First of all selling your property at good return depends upon the area and its development, the fact if it is a freehold property or not also counts. Market prices vary with the development in the area. Few areas like Dubai Marina, Jumeirah Beach Residences, Jumeirah Lake Towers and Arabian Ranches are still popular and investors can sell the property at very reasonable price.

Recently completed properties attract more buyers and it matters if your property is in good condition. Most difficult thing for foreign sellers is to market their property and the necessary documentation process. Marketing your property in Dubai is quite a simpler process. You can use any of the reliable Dubai property portal and post your property there. Even better, you can choose a Dubai real estate agent and get the contact details from there. Searching about the average market price of your property is a must before handing your property to a real estate agent for sale. Some agents may try to tell you lower than actual market price. Contact a few real estate agents that belong to reputable companies and let them know that you are interested in selling your property. They will ask you for few documents related to your property including the ownership certificate, title deed or passport copies etc. After which they will send you an initial agreement indicating that you are allowing the agent to market and sell your property.

After signing the initial agreement, the agents will start promoting your property through different forums like newspaper, property portals and different websites to get serious buyers. Once you have a confirmed party, you would need to sign an MOU (Memorandum of Understanding) and the agent will take care of the rest.

Lastly, you might need to be physically present at the time of transaction at Dubai land department.