Dubai is the heaven of real estate and investors bet on the magnificent developments or the purchase of properties to obtain substantial returns. Just as it happens in Dubai, acquiring apartments and properties is common, and they offer an average return of 8% per year. However, the challenges that buyers face are establishing a profitable price to sell their acquisitions, which is why experts have established a series of rules to do so.
The first and most fundamental is to analyze the rest of the properties in the buying area. Real estate specialists recommend observing recent sales, current listings, and properties that did not sell, where it is essential to consider location, size, condition, and amenities.
The keys to success for property sellers in Dubai
Experts in the economy of Dubai and the United Arab Emirates assure that it is always a good option to invest in a property and development in this city. However, determining the real value of the housing to obtain higher profits is not an easy task, which is why specialists recommend following a series of steps. In addition to the aforementioned, it is also necessary to analyze the market and whether it is favorable for sellers or buyers.
At this point, it is also important to take into account that if it is an industry where sellers are abundant, a higher price can be set. In contrast, if buyers are abundant in this context, competition is greater. In this context, it is necessary to set a competitive price that can help the property stand out among all the available options.
The crucial strategy for selling in Dubai
One of the most striking pieces of advice from experts is to set a lower value than a round number. This means that if a property is valued at 399,000 dirhams, it is much more attractive than one valued at 400,000. Buyers tend to search for properties within a price range, so paying attention to these types of details can generate interest in them. The value will also depend on the property’s appeal. If the residence does not catch the eye of buyers, the key is to adjust the price.
Sources consulted by Gulf News claim that the key to success lies in “conducting thorough research, understanding the market, and pricing intelligently, with a profitable price that maximizes the chances of achieving a successful sale that is attractive to other buyers.” Although there are no formulas, the economic context of Dubai is always favorable for this type of investment.
An essential step for reselling in Dubai.
In addition to following this series of steps, the website Dubai Inmo has also revealed the fundamental strategies for property resale in Dubai. This includes choosing a real estate agency of seriousness and prestige within the city, which will accompany this process. They will set the sale price of the residence, based on the latest transactions from the Dubai Land Department.
The business also has a fundamental step that every seller must know. This refers to the preliminary sale agreement, known as Contract F, which requires a series of documentation that is essential to carry out this step. These include passports, identification of the buyer and seller, title deed, and personal data of the parties involved in the contract.
