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Seller Guide

What Documents
are Required?
 

 
Seller is an individual:
 
  • Passports for all owners

  • Signed Seller Agreement known as Form A and signed  Memorandum of Understanding (MoU) known as Form F.
     
  • The Form F is required when a sale is agreed

 

 
SG-1_Seller is UAE Company
Seller is a UAE Company:
 
  • Certificate of Incorporation

  • Memorandum and
    Articles of Association & Apostille

  • Board Resolution
    & Power of Attorney

  • Signed Seller Agreement
    known as Form A and signed Memorandum of  Understanding (MoU) known as Form F.

 

 
Seller is an Overseas Company:
 
  • Same documents than above

  • All documents must be
    translated in Arabic and attested
    by the UAE Embassy and
    Ministry of Foreign Affairs

 

Property Documents:
 
  • Original Title Deed

  • Affection Plan

  • Oqood Registration (if applicable)

  • Service Fee payment certificate

  • Mortgage Documents (if applicable)
 

How do I Sell a Property?
 

KENSINGTON will be your partner
in the whole process
of selling you property
to maximize your sales price.

 

SG-2_Here is a shortstep

Here is a short step by step guide:

  1. Property Appraisal &
    Marketing Assessment

  2. Signing of Form A

  3. Dedicated area specialist

  4. Extensive marketing

  5. Conducting of viewings and
    assessment of potential buyers

  6. Regular reports to Seller

  7. Negotiation of sales price

  8. Price, terms & conditions
    will be drafted in the Form F 
    (MoU) and agreed with the Seller

  9. On signing the Form F (MoU),
    a 10% deposit has to be paid
    by buyer which is held in trust
    by KENSINGTON

  10. Outstanding liability letter
    (for mortgage Sellers)

  11. Mortgage clearance
    (for mortgage Sellers)

  12. NOC (Non Objection Certificate)
    from developer and Home Owners
    Association (HOA) will be applied for by Seller

  13. Transfer of the property
    in buyer’s name at DLD
    (Dubai Land Department)

There will always be a professional agent
from KENSINGTON by your side
who will be able to answer
all the questions
and help you through the process.

SG- and BG-How long does it take

How long
does the sales process
normally take?
 

The sales process from listing
to the transfers varies
and depends on may factors.
Ask for a consultation for our
sales guarantee in which
we guarantee a sale within 60 days.

From signing the MoU (Form F) until
the transfer, it takes
approximately 3-5 weeks.

What are the fees?

 

Developer & Home Owners Association (HOA)

 

 

 

 
Transfer Fee:
 
Admin Fee for NOC: AED 500 to max. AED 5,000

 

 
HOA:
 
Admin Fee for NOC: AED 500 to max. AED 5,000

 

 
 
SG- and BG-How long does it take

 

Dubai Land Department

 
For properties with available title deed:

 
Transfer Fee (negotiable): 2% of the purchase price

 

 

 

 
For properties without title deed (OQood):

 

 
Transfer Fee (negotiable): 2% of the purchase price
If the Seller is represented by PoA:  plus 4% of the purchased price

 

 

 

 
For mortgage discharge (if applicable):

 

 
Discharge:  AED 1,010
Admin Fee:  AED 280

 

Registration Trustee Office

For properties without title deed (OQood):

AED 6,000  if the the Seller is represented by PoA


 

 

 

KENSINGTON EXCLUSIVE PROPERTIES

Brokerage: 2% of the purchase price for completed or under construction properties