FAQ's on Selling Residential Property in Dubai

Home > Residential > Sell > FAQ's on Selling Residential Property in Dubai

What properties does Better Homes deal in, specifically?
What can I do to fasten the selling process?
Can I resell this property?
What does 'original price' mean?
What does 'selling price' mean?
What does 'premium' mean?
What are the projected appreciation values over the next two to five years?
Does Better Homes charge a fee?
What other costs are applicable?

What properties does Better Homes deal in, specifically?

Better Homes sells, leases, and manages both residential and commercial property. This includes leasehold, freehold properties, land, hotels, towers, and communities. However, only those properties specifically located in freehold areas are available to non-UAE nationals to purchase.

What can I do to fasten the selling process?

First impressions are very important. Get your home in perfect condition. Make all necessary repairs before putting your home on the market. Most home buyers want to buy a home that’s in 'ready to move in' condition, without having to arrange for fix-up work.

Can I resell this property?

Yes. Freehold ownership provides the owner with absolute ownership and with rights to sell the property. However, there are slight deviations in rules and regulations levied by different developers. Resale of ready-now properties are possible at any time, while resale of off-plan properties is possible only after a certain number of installments have been paid.

Go to top

What does 'original price' mean?

The original price is the price at which the developer released the property for sale initially.

What does 'selling price' mean?

The selling price is the price at which the property is currently in the market.

What does 'premium' mean?

The premium is the difference between the base price and the selling price. In other words, it is the initial investor’s profit. For example, the developer originally sold the property at AED 1,000,000 to Mr. Smith. After a period, Mr. Smith now wishes to sell it at AED 1,200,000. The premium is AED 200,000.

Go to top

What are the projected appreciation values over the next two to five years?

It is difficult to project the appreciation values, as the market is so new. However, we are confident that when the market stabilises, property in Dubai will represent a good investment in the long term.

Does Better Homes charge a fee?

Yes, we charge an agency fee of up to 3%.

What other costs are applicable?

If the transfer is done at the Lands Department, then the seller has to pay a Registration Fee of up to *1% of the sale amount.

Disclaimer:

*To be confirmed with the developer and Dubai Lands Department.

Go to top