Properties For Sale in Abu Dhabi
There are large selections of properties for sale in Abu Dhabi. The process of selling a property is entirely transparent in Abu Dhabi. The Government authorities control the transactions. While selling property in Abu Dhabi you have to know in detail the rules and procedures regarding it. The equity of the property has to be calculated. A developer is given permission to sell off-plan properties for sale Abu Dhabi only if they have proper documentation proving the ownership of the real estate property and the project land. A disclosure statement is also required to be attached to the sale and purchase agreement where details of the development are given so that relevant facts are disclosed to the buyer. The developer who is planning for off-plan properties for sale Abu Dhabi should also have escrow account. Having an escrow account applies to existing projects also. Off-plan properties for sale Abu Dhabi proceeds can only be transferred to this account which can only be withdrawn only through several stages.
The procedure for properties for sale in Abu Dhabi can be long with many paperwork and documentation. Proper knowledge of the rules and procedure is also vital so that you won’t end up in legal trouble. If you are planning for any properties for sale in Abu Dhabi it is ideal to consult and take the help of a right agent who is reliable and trustable. Different types of real estate may have different types of sales procedure and selling strategies. Sustainable Homes Investments will assist you in properties for sale in Abu Dhabi. Our knowledge and experience in real estate is vast. We are well aware of the real estate market, about paperwork, property value etc.
Paperwork and Documentation
Below are some of the paperwork and documents which have to be kept ready while selling a property.
- Details of any mortgage outstanding in the current bank
- Ownership Proof
- Power of Attorney (if applicable)
- Valid Passport
- Emirates ID and Visa
- Preventive Maintenance Agreement (if applicable)
- Original Leasing Agreement (if applicable)