How do I sell a property in Abu Dhabi?
Reselling a property in Abu Dhabi requires following a precise process, guaranteeing a secure transaction that complies with local regulations. In this article, we invite you to discover the various stages involved in transferring real estate ownership in Abu Dhabi.
Document preparation
Before starting the procedure, you need to gather all the necessary documents. These include the seller's and buyer's identity documents, title deeds, sales contract and payment history.
Presence of the parties
The seller, buyer and broker must all be present at the signing. In case of absence, a notarized power of attorney will allow the transaction to proceed.
Obtaining authorizations
A NOC (Non Objection Certificate) must be obtained from the developer. This document will be obtained upon presentation of the sales contract and the new buyer's contact details. All outstanding payments on the property must be paid in order to obtain the valuable NOC.
Please note that some developers impose conditions on the issue of NOCs for properties under construction. For example, some developers will only issue the NOC if they have received at least 40% of the original price.
Using the TAMM portal
The TAMM portal enables you to transfer property online. Creating an account and submitting the complete file via this portal simplifies the procedure and reduces the need to travel.
Deadlines and receipt of title
After deposit, a tracking number will be assigned. Processing usually takes three working days. Once validated, the Land Department will issue the Certificate of Ownership to the seller or mortgagee where applicable.
Expected costs
Transfer fees vary between 1% and 4% of the property's value. Registration fees are also charged, depending on the type of property. In the case of mortgages, a fee of 0.1% of the amount applies. The cost of valuation by a licensed professional can vary between AED 900 and AED 4,500, depending on the property.
Practical tips
It is advisable to check all the documents before submitting the transfer application, to avoid delays. An official valuation can be obtained from the land department to limit disputes. The support of a professional specialized in the Abu Dhabi real estate market will ensure that all documents are in order and avoid disputes.
Conclusion
Reselling a property in Abu Dhabi is a structured process which, if properly followed, ensures an efficient and secure transaction. Rigorous preparation, respect for the steps involved and use of the digital tools available ensure that the sale is completed under the best possible conditions.
Guillaume Giroux, Dubai Immo founder and real estate expert, Dubai, UAE
As founder of the Dubai Immo Group and a real estate investor, I bring you daily updates on the Dubai market. My aim is to provide you with all the keys you need to invest wisely and securely, by sharing my in-depth analysis and strategic advice.
