Any natural or legal person. You can post both your real estate and your client's real estate, in any case, we create Contract A, which the owner must sign.
Contract A is an agreement between the seller and the real estate broker. It outlines the seller's intent to sell the property and grants the broker the authority to market it. The contract details the property's listing price and defines the broker's commission, ensuring transparency between the seller and the broker during the sale process. Contract A should be registered inDubai Land Department.
Contract B is the buyer’s equivalent to Contract A, defining the relationship between the buyer and the broker. This agreement specifies the services the broker will provide, the buyer’s property requirements, and the commission structure. Its purpose is to regulate the responsibilities of the broker towards the buyer and ensure clarity on fees and expectations. Contract B should be registered in Dubai LandDepartment.
Contract F, often referred to as the Sales and Purchase Agreement (SPA), is the final contract between the buyer and the seller. It formalizes the property sale, listing the terms of the transaction, such as the sale price, payment conditions, and any special clauses. Once signed, Contract F is registered with the Dubai Land Department to legally transfer ownership of the property from the seller to the buyer. Contract F should be registered in Dubai LandDepartment.
In transactions with real estate sold through Proffer, the broker is Proffer Real Estate LLC. If the seller independently posts an ad and sells the real estate with the help of Proffer Real Estate, the commission amount in this case is 1% of the value of the object. If the ad is posted by a real estate agent and Proffer Real Estate LLC also acts as a broker, then the real estate agent independently sets the commission amount, which is then divided between the agent and Proffer Real Estate LLC in a ratio of 80% to the agent and 20% to Proffer Real Estate LLC. All these conditions can be foundin the Website Rules.
If you are the owner of real estate, you can independently post an ad with your realestateand monitor the progress of its sale. In addition, you will receive reports and recommendations on the sale of your property. Also, the commission amount for your deal charged by Proffer Real Estate LLC is only 1%, which is at least 2 times less than any other agency. If you are an agent, welcome to our partner program. We guarantee 100% privacy, as well as an increased commission amount and bonuses.
If you have decided on a choice on our website, you can write to the owner and make an offer. If the owner accepts your offer, you fill out the questionnaire on the website and attach all the requested documents. Then you will receive an email from Dubai Land Department, after signing which the process of buying real estate will start. Then your personal manager will contact you and tell you in detail about the next steps.
Signing these contracts is the first and second step in making a deal. If you do not sign Contract A, we will not be able to publish your ad. If you do not sign Contract B, the deal will be canceled and all agreements with the seller will be annulled.
POA is a trusted person. If you cannot attend the deal, you can entrust the registration procedure to a trusted person. POA in this case will need to write a power of attorney to someone. This could be your friend or relative. If you need a POA but don't know who to give a power of attorney to, we can provide a POA for free. Please note that POA can make a deal, but he is not the beneficiary of this deal.
After registering on the website, click on the 'post an ad' button and then, following the steps, describe your property, attach the necessary documents and photos of your property. Please note that the more detailed you describe your property and the better photos you attach, the more interest your ad will generate among buyers.
In general, the following documents are required when publishing an ad: Passports of the owners, Emirates ID (if available) of the owners, title deed/oqood, statement of account in the case of Oqood. In addition, the owners must specify their phone numbers and email addresses. In general, when buying a property, the following documents are required: Passports of the buyers, Emirates ID (if available) of the buyers. In addition, buyers must specify their phone numbers and email addresses.
No Objective Certificate (NOC) is a document issued by your management company in the case of ready-made housing or by the developer in the case of off-plan.
After signing Contracts A and B, we send the buyer an invoice for the deposit payment - 10% of the value of the object. After paying this amount, we fill out Contract F, which the sellers and buyers must sign after receiving it by email. Then the seller of the real estate must receive NOC. After receiving it, we calculate the manager's checks for the buyer, which he must bring to the deal. This is 90% of the remaining cost, 4% DLD commission, 5250 Trusty fee + VAT, as well as checks for brokerage commissions (1% if the deal goes directly). Then we schedule a meeting at trusty office at a time convenient for all parties and carry out the deal.
You can refuse to make a deal. At any time before receiving the deposit (10% of the value of the real estate), this will not cost you anything. If you refuse to make a deal after receiving the deposit, you must pay the other party compensation equal to 10% of the value of the real estate.
Have questions?
If you have any inquiries or need support, please contact us at support@proffer.ae.