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How long does it take to sell a property in Dubai?

The process of selling a property in Dubai generally takes between 30 to 60 days, depending on factors like the buyer’s financing and the developer’s NOC process. The timeline includes property valuation, listing, negotiations, obtaining a NOC, and transferring ownership at the DLD.

The process of selling a property in Dubai generally takes between 30 to 60 days, although the timeline can vary depending on several factors, such as the availability of the buyer’s financing and the developer’s NOC process. Here’s a step-by-step breakdown:

  • Property Valuation and Listing (1-2 Weeks): The first step involves determining the property’s value and listing it for sale. This can take around 1 to 2 weeks, during which time viewings are scheduled with potential buyers.
  • Negotiations and Signing the MOU (1-2 Weeks): Once a buyer is identified, both parties negotiate the terms of the sale. After reaching an agreement, they sign the Memorandum of Understanding (MOU). At this stage, the buyer typically pays a 10% deposit.
  • Obtaining the NOC (5-7 Days): The seller must obtain a No Objection Certificate (NOC) from the property developer or management. This process usually takes 5 to 7 days if all outstanding service charges are paid.
  • Transfer of Ownership at the DLD (1-2 Days): The final step is the transfer of ownership at the Dubai Land Department. Both the seller and buyer (or their representatives) attend this session to finalize the sale.