Tips to Sell Your Property in Dubai Quickly in 2024

Have your property valued

If you're considering selling your property, the first step is to arrange an in-personal consultation with a real estate agent.

By having a meeting in person at your property, this allows the agent to assess your property's location, condition, and any upgrades accurately. This thorough evaluation ensures an accurate valuation of your property. An inaccurate valuation could either lead to your property being overvalued, and therefore not selling quickly, or undervalued, stopping you from achieving the highest possible price.

It's essential to choose an agent with expertise and experience in your community. They should base their valuation not only on your property's condition, but also on comparable evidence and data of recently sold properties that are similar to yours.

Make your property ready for sale

First impressions count. Investing time and effort in preparing your property for listing is crucial.

When potential buyers search for a property for sale in Dubai, those that lack visual appeal can fail to gain interest online, leading to a lack of inquiries and viewings. Plus, a well presented property will appeal much more to potential buyers when they view the property, significantly enhance your chances of receiving offers. 

A well-prepared home not only makes a positive impression but also increases the likelihood of a quick sale. It's important to recognise that the longer your property remains on the market, the more challenging it can be to sell.

Preparing your home for sale can entail decluttering, cleaning and doing any basic maintenance that is required to enhance its presentation and appeal. Addressing any issues beforehand is crucial, as they may deter potential buyers or attract lower offers.

Prior to listing your property, thoroughly examine both the interior and exterior to identify any issues such as leakages, ventilation problems, or electrical issues that need attention. By addressing these issues proactively, you can ensure that your property is in prime condition for viewings, thereby maximizing its market appeal and potential to sell. 

Property staging

For property owners looking to sell their property quickly, it is crucial to ensure that it stands out. If your property is vacant and unfurnished, one option to consider is property staging. 

Unfurnished properties can appear smaller than a well furnished one, and it can be hard for a potential buyer to visualize themselves living in the space. Therefore, home staging can be a highly effective strategy that involves temporarily furnishing a property to help it stand out, captivate potential buyers and enhance its appeal. 

Property staging serves to enhance the appeal of a home by making it more welcoming, creating the impression of spaciousness in rooms, and modernizing the space with impeccable finishes. A staged home exudes cleanliness and meticulous upkeep, making it inherently more enticing to prospective buyers. By investing in property staging, owners can significantly increase the attractiveness of their listings, thereby expediting the sale process and maximizing their chances of a successful sale.

Marketing strategy

No guide to selling property in Dubai would be complete without considering the marketing strategy. A well thought out marketing strategy is crucial to ensuring a swift sale of your property in Dubai. This can entail several key elements, including professional photography, engaging video content, compelling property descriptions, and strategic listing on relevant portals.

Firstly, high-quality professional photos and captivating video content are essential for showcasing your property's best features and attracting potential buyers. Additionally, well-crafted property descriptions help highlight the unique selling points of your property, enticing prospective buyers to learn more.

Moreover, it's crucial for your agent to have a comprehensive understanding of recent sales of similar properties in the area. Pricing your listing accordingly, with a maximum of 5% above market value to allow room for negotiations, is key to attracting serious buyers.

Before listing your property online, your agent should also have a database of potential buyers who meet your property's specifications and have registered their interest. This targeted approach ensures that your property is presented to qualified buyers who are genuinely interested and ready to make a purchase.Implementing these strategies can enhance your property's visibility, attract qualified buyers, and increase the likelihood of a quick and successful sale in Dubai’s dynamic real estate market.

Work with a trusted agent​

When it comes to selling a property, navigating the process and facilitating communication between the owner and potential buyers can be complex. That's why enlisting the expertise of a trusted real estate agent is paramount. 

An experienced and reliable real estate agent will not only streamline the process but also implement effective marketing strategies to make your property for sale in Dubai stand out. A reputable real estate agent should have comprehensive marketing plans in place to showcase your home to a wide audience. This includes both offline and online marketing efforts, as well as listing the property on popular and highly visited portals to maximize visibility.

Moreover, an exceptional real estate agent is well-versed in the typical challenges that may arise during real estate transactions. By working with a highly reputable agent and agency, you can save valuable time and ensure a smoother selling experience.

Benefits of selling property through an agent in Dubai

It is not a legal requirement to work with a real estate agent to sell a property in Dubai. This means some property owners may be tempted to try and sell their property themselves to save on the agency commission (typically 2% of the selling price). 

However, there are a number of very important benefits of selling a property through an agent in Dubai, which include: 

• Accurate valuation and pricing: An experienced agent who specializes in your community will have expert knowledge of market conditions, as well as real-time data of recently sold properties. This will ensure an accurate valuation of your property, ensuring that your property isn’t over or under priced. 

• Professional marketing: An established real estate agency will have an in-house marketing team to ensure that your property is perfectly captured using photography, video and virtual tours. This will ensure your property has visual appeal and gains interest from potential buyers. 

• Property exposure: As an independent seller, your options for how to give your property exposure will be heavily limited. In comparison, when selling your property through an agent in Dubai, they will ensure that your property is listed on all major property portals as well as on their own website, giving your property exposure to a potentially global audience. 

• Professional showings: An agent will organize and conduct all viewings on your behalf, ensuring a professional experience for potential buyers. 

• Experienced negotiator: When it comes to selling your property in Dubai for the best price, negotiation experience is crucial. Potential buyers could make low offers, so knowing how to negotiate effectively and achieve the maximal price is a crucial role that a real estate agent will play. 

• Administrative assistance: There are a number of administrative steps that must be followed when listing and selling a property in Dubai. A real estate agent oversees these steps on your behalf and provides you with guidance and updates throughout the process. 

• Hands-off experience: Ultimately, selling a property is a complex and time consuming process. Selling your property through an agent removes much of the time and hassle that you can have to deal with, whilst maximizing your chances of achieving a quick sale at the best possible price.

Highlight the selling points

When listing your property for sale in Dubai, it's crucial to highlight its unique selling points to attract potential buyers effectively. Your real estate agent should focus on showcasing any upgrades and high-quality finishes that set your property apart and appeal to buyers. The advertisement should vividly depict the property by providing descriptive details about its key features and accessibility.

Most common mistakes to avoid when selling property in Dubai

When selling your property in Dubai, here are some common mistakes to avoid that could stop you from achieving a quick sale.

• Overpricing the property: whilst it's natural to want to achieve the best price, pricing above the market will deter potential buyers and could lead to the property not selling. 

• Not preparing your property: failing to clean and de-clutter your property and do any basic maintenance could significantly worsen buyers impression of your property and could lead to low offers.

• Poor quality listing photos: Poor quality photos won’t set the right impression and could stop potential buyers from inquiring.

• Not hiring a real estate agent: By handling all marketing, viewings and negotiations, a real estate agent is crucial to achieving a fast sale at the best price, whilst removing much of the stress of selling a property. 

• Being unavailable for viewings: Limited availability for property viewings can frustrate potential buyers. Be flexible to viewing times to improve buyer experience. 

• Ignoring buyer feedback: Constructive feedback from buyers can be very valuable for understanding whether any adjustments are required to your property’s pricing and marketing strategy. Ignoring this could hinder the sales process. 

• Setting unrealistic expectations: expecting a quick sale at a high price could lead to disappointment. Speak to your agent about realistic time frames for a successful sale  

• Failing to highlight unique features: It's crucial to emphasize unique features or benefits that differentiate your property from others. 

Ready to take the next steps with your property sale? 

Are you considering selling your property but unsure where to begin? 

Do you know the current market value of your property? 

Whether you're seeking information about the current market price or aiming to sell your property for the best possible price, our team of experienced real estate experts is here to help. We offer free and non-binding valuations to assist you in making informed decisions about your property sale. Contact us today to schedule your consultation.

Choose Engel & Völkers for unparalleled expertise and personalized assistance throughout your property selling journey, ensuring a seamless experience and optimal results.