In a competitive real estate market like Dubai, selling your property fast cannot be easy, especially if it’s your first time.
Dubai’s real estate market is highly saturated, and there’s always a high chance of fraud and cheating.
This is why you must gather all your knowledge to sell your real estate property in Dubai quickly and on favorable terms.
Below are seven useful tips for selling Dubai property fast and making good money. Let’s begin.
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How To Sell Dubai Property Fast?
All the markets in the world have one common rule: Anything that looks good sells well. That’s where your focus should be, to present the best image of your property. Let’s break it down.
1: Present The Best Image Of Your Property:
It’s a simple rule: People don’t buy facts; they buy emotions. However, you’ll first have to catch their attention before making an emotional attachment.
Every detail matters when selling something, especially property. Make sure to clean the whole premises first; the bedrooms, washrooms, hall, garden, etc.
Try to make as much space as possible by keeping things in their respective places. Invest some money in putting artwork, small paintings, and nice wallpapers all around the place.
In simpler words, the more unique your property appears/looks, the higher chances of it selling quickly. Or else hundreds of other properties are ready to beat you in a second.
Pro Tip: You can also hire professional real estate photographers to take amazing pictures of your property to make a great first impression on the potential buyer.
The more astonishing the pictures, the higher the chances customers want to get more information about your property/real estate.
2: Find An Authentic/Expert Broker/Agent:
It may be the most crucial part of selling your Dubai property fast and on favorable terms. Finding a good broker/real estate isn’t always a walk in the park.
Make sure the broker you are working with has a great portfolio and all the required knowledge about the area, the real estate market, and more.
Your broker should be confident and charismatic to present your case to the customers. Don’t try to save money while hiring a broker. Hire the best, even if he is a bit expensive.
By saving some money while hiring a real estate agent, you might lose big and compromise on the negotiation table.
By doing so, you’ll save a lot of time. A professional real estate agent will give you all the relevant information, discuss the pros and cons, and try to get you the best deal possible.
3: Study The Market Carefully:
Indeed, it’s wise to work with a professional and experienced real estate agent, but you can’t completely leave all matters to him; you need to be at least mature enough to understand the market yourself.
Presenting a reasonable price of your property on which the buyer signs the check is only possible if you perform a comparative analysis of the real estate market in Dubai.
By doing so, you’ll know the actual value of your property and establish a relationship of trust with your customer. This will help accelerate the property acquisition process.
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4: Engage With The Right Customer & Don’t Delay Too Much:
Besides investing a lot of time in studying the market, furnishing your property, and hiring the best real estate agent, you should also study the needs and wants of the buyer.
They say: “Communication is the key.” You need to communicate with your buyer first. Try to shape your property according to their desires (not completely, but slightly) to make it more appealing.
It’s normal to ask for the highest price possible for your real estate, but in a market like Dubai, if you have to compromise a bit, don’t hesitate.
Because while waiting for your desirable deal, your property will slowly lose its value; hundreds of other properties are waiting in line to bypass you with a better deal.
However, don’t compromise too much. Try to negotiate a reasonable price with the buyer so that it is a win-win situation for both of you. In other words, try to meet in between.
Porter Gale says: “Your network is your net worth.” Because networking will take you places hard work won’t.
Having the right contacts establishes you as an authentic personality. If you are willing to sell your property in Dubai’s real estate market, getting in touch with someone who has been in this industry for a long time is highly recommended.
Your network can point you in the right direction when you need to sell, buy, or rent property in Dubai, refer you to the best agents, and, most importantly, help you find good customers for your property.
In other words, all the other factors in this list are firmly attached to networking, making it one of the most important factors while selling property and other ventures in your life.
Moreover, having mutual contact will also develop a healthy relationship with your customer, and you’ll be able to strike a favorable deal for your real estate.
If one thing keeps big companies like Coca-Cola, Pepsi, Meta (Facebook), and Apple in the limelight and helps in their exponential growth, it’s marketing.
These companies spend billions yearly to stay under the masses’ radar. Sometimes, it’s called “Aggressive Marketing.” That’s the key to selling your Dubai property fast.
Market the best image of your property. This is also linked to the previous factor. Hire good photographers to take pictures and videos of your house/apartment.
“First impression is the last impression.” If your property has an appealing look at first glance, the chances of it selling quickly at a good price increase.
If you can afford it, invest in running ads and hire small influencers to market your property. Stay under the radar as much as possible, and soon you’ll see the results.
7: Prepare All The Documents In Advance:
And last but not least, the paperwork. Once the marketing, networking, presentation, and price are finalized, it’s time to close the deal.
You should be ready with all the required documents before making the deal (ideally). These required documents involve floor plans, POA (Power Of Attorney), valid passport copies, and mortgage documents. (Your agent will fill you with this information.)
Pro Tip: While trying everything to avoid delays, you should also persuade your buyer and the broker to do the same. If you are attempting to close the deal smoothly and quickly, you should demand the same in return.
Remember, the buyer isn’t only doing you a favor by buying your property; you are also returning the favor by selling it to him. Both parties are equal. Period.
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Can You Sell A Property In Dubai Without An Agent?
Of course, you can. But it may cost you time and money. It’s not mandatory, but hiring a professional real estate agent is recommended to save you time and money.
What Is The Most Common Reason A Property Fails To Sell?
The most common reason a property fails to sell is an unreasonably high asking price.
You should remember that while you are trying to secure a deal on the most favorable terms, your buyer/customer is also trying to do the same. You have to meet in between to create a win-win situation for both parties.
Is It Easy To Sell Property In Dubai?
It depends on your decisions. Generally, it is easy to sell property in Dubai if you have a profound knowledge of Dubai’s real estate market or consult and hire a professional real estate agent.
What Is A Good Time To Sell Property In Dubai?
The best time to sell property in Dubai is NOW. Dubai’s real estate industry is growing exponentially and offering the best ROI.
After a detailed market analysis, you should prepare to sell your property soon.
How Can I Sell My House Online In Dubai In A Fast Way?
It’s a subjective matter. However, networking and marketing are the two fastest ways to quickly sell your house online in Dubai.
Can I Sell An Apartment In Dubai Quickly?
Of course, you can sell an apartment, villa, or any other property in Dubai quickly by following some easy steps and contacting the right people (brokers, agents, etc.)
Selling Dubai property fast can be easy and challenging at the same time. But mostly, it isn’t easy to do so. That’s why taking expert advice is the best course of action. RAS Properties can help you in this regard.
Let’s summarize the thing for you. The most important factors in selling Dubai property fast are the best presentation, professional agents, market analysis, networking, and marketing.
Thanks for reading.