FAQ's on Selling Commercial Property in Dubai

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What properties does Better Commercial deal in specifically?
What can I do to fasten the selling process?
Can I resell this property?
What premium can I expect on a resale?
What does 'base price' mean?
What does 'selling price' mean?
What does 'premium' mean?
When selling should I disclose the original price I paid for my property?
What are the projected appreciation values over the next two to five years?
Does Better Commercial charge a fee?
What other costs are applicable?

What properties does Better Commercial deal in specifically?

Better Commercial sells, leases, and manages both residential and commercial property. This includes leasehold, freehold properties, land, hotels, towers, and communities. With a thorough integration of market knowledge, an international network, and sophisticated data system, we provide you with cost-effective solutions to suit your business needs.

What can I do to fasten the selling process?

First impressions are very important. Get your commercial space in perfect condition. Make all necessary repairs before putting your property on the market. Most buyers want to buy commercial property that’s in 'red ribbon deal' condition without having to arrange for fix-up work.

Can I resell this property?

Yes, you can. 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. While some developers allow resale of property only after a certain number of installments have been paid, others levy a fixed transfer fee charge on the buyer or seller.

What premium can I expect on a resale?

Resale values are difficult to predict, as the market is immature. However, properties currently available for resale are achieving premiums between *10 and 25%.

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What does 'base price' mean?

The base 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 on 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.

When selling should I disclose the original price I paid for my property?

Usually, the buyer will want to know the original price of a property to determine the premium and its investment potential. As most lenders in the market do not lend on the premium, the original sale price will be needed to secure finance.

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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 Commercial charge a fee?

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

What other costs are applicable?

Other purchasing costs may include a transfer fee to the developer of resale properties. This is usually between *1% and 7% (depending on the development) of the base price of the property.

*Subject to change.

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