How to Sell Your Car Quickly in Dubai?

The dynamic automotive market in Dubai and its diverse customers make it easy for car owners to sell their cars and earn maximum profits. Whether you are planning for an upgrade or just need to sell your car for any reason, this comprehensive guide helps you get informed about the key steps and strategies for pricing your car and preparing it for sale. We also discuss the best ways to sell your car.

How to sell your car easily in Dubai?

Like any other market, the automobile market in Dubai has its dynamics and car owners need to do some market research to understand these dynamics before listing their cars on sale. Here are the steps the car owners need to take to easily sell their vehicles:

1. Explore the current trends in the car market

First thing first, the seller needs to explore the current trends in the car market in Dubai and identify the most popular features that directly influence buyers and attract them to the market.

Once a car seller does the research and understands the requirements of the car market in Dubai, it will be much easier to determine effective factors, such as mileage, age, and condition, in the pricing process and earn the maximum price for selling a car.

2. Preparing your car for sale

Presentation matters! Through cleaning and detailing your car will definitely enhance visual appeal. Doing minor repairs and maintenance causes a boost to the overall condition of the car and, as a result, attracts more potential buyers.

• Remove the Salik tag: A Salik tag is registered in the individual’s name and cannot be carried over to a new owner. Thus, you must remove the Salik tag before selling your vehicle to a new buyer. If the buyer drives underneath your tag, you may lose the balance in your Salik account as the new owner paces the gates.
• Service and clean your car: Getting your car cleaned and serviced properly attracts more potential buyers so you can ask for the best price at the time of exchange.

3. Setting the right price

It is important to know the real value of your car before listing it on sale in the market. Knowing the real value of your vehicle, you can make sure of a secure sale at the best price.

Once you have your car prepared for sale and improved its condition accordingly, you need to make a list of the unique features of your vehicle to reach out to target customers in the car market and get a better price. Here are the most influential factors in setting the right price for a car:

• Demand and supply: Like any other market, Dubai’s car market is widely influenced by the principles of demand and supply. The popularity of a model among users or its availability can greatly impact its price. The higher the demand the, higher the price! Do research on current market trends to find the most realistic price for your car and improve the chance of the sale.
• Brand and Model popularity: Some brands and models are more popular than others in Dubai. The sale price of your car could significantly increase if it is the most sought-after! The known reliability, performance, and features of certain brands or models, relative to the requirements of Dubai, are crucial in determining the price of a vehicle in the competitive car market in Dubai.
• Car age and mileage: The next crucial factor in determining the price of your car in Dubai’s Car market is its age as well as its mileage. It is clear that old cars with higher mileage are less popular in the market and have lower prices compared to newer ones with low mileage. Older cars are more likely to require maintenance or repairs due to possible wear and tear. higher mileage also indicates the extensive use of a car that can impact its overall condition and performance.
• Car condition and maintenance: All buyers look for cars that are well-maintained and have no wear and tear. You can provide a documented service history of your vehicle, including regular servicing, timely repairs, etc., to ensure potential buyers that your car is in good working condition and ask for a higher price.
• Features and upgrades: Dubai’s car market welcomes vehicles with advanced technology, safety features, luxurious interiors and any other desirable upgrades. Such extra features increase the resale value of a car in the market. If your car has any unique or sought-after features, remember to highlight them at the time of the sale and command a higher price.

Car owners can use online tools and resources to get car evaluations and estimate the value of their cars. They may also consult an active car dealer in Dubai’s car market to make a better guess on the prices of their cars.

Regulations for selling cars in the UAE

Let’s deeply investigate the regulations regarding selling a car in Dubai:

• Vehicle owners are not permitted to place ‘for sale’ signs, stickers, advertisements, or sales literature within their vehicle windows. If any advertisements are discovered, the car will be impounded by the police.
• If a vehicle owner has any outstanding finance (mortgage), he or she cannot sell a car in UAE. When selling a car, the owner must pay off any outstanding finance (if any).
• The car owners must pay off any outstanding debt (loan/mortgage) on the car. Once the funds are repaid, the bank must notify the Roads and Transport Authority (RTA) in order to change the loan status in their records.
• The vehicle owners also need to get a valid car test certificate from the RTA before listing it on sale. A car cannot be transferred to a buyer unless a valid car certificate is obtained.
• According to the regulations, the buyer must pay or repay the seller for the vehicle test fees (if he or she has already paid) (120 AED). Also, the buyer must pay registration fees (330 AED).

Documents required to sell a car in Dubai

The Roads and Transport Authority in Dubai requires both sellers and buyers to hold certain documents while transferring ownership of a car. Here is a list of necessary papers required.

1. Fines: All the pending fines or vehicle impoundment notices, including speeding, parking tickets or something else, must be paid off before you sell your car to any party.

2. Bank Loans: The RTA (Roads and Transport Authority) necessitates car owners to clear any loan on the car from their system. Thus, you are required to pay all outstanding bank loans on your vehicle before listing it for sale. The RTA department will not allow the transfer of the vehicle ownership to a buyer unless all the debt is paid.

3. Mandatory inspection: An RTA inspection is necessary before transferring a car to a new owner. A vehicle with worn-down tires, brakes, or other signs of damage cannot pass the inspection. You need to check every part of your car for minor and major repairs and resolve all possible issues earlier to avoid failing inspection. Testing a vehicle costs AED 120 and the certificate is valid for 30 days.

4. Car insurance: Once you make a deal to sell your car, you must cancel or transfer your insurance to the new buyer. You should notice that transferring the insurance is only possible if there are at least seven months remaining on the current insurance on the vehicle. If there are seven months left on the insurance plan of your car, you can ask for a cancellation and refund the remaining amount.

It is also necessary to provide documents regarding service records and insurance. Having a comprehensive history of the car will cause potential buyers to trust you as a seller and make up their minds to purchase the car.

5. Documents needed by parties

The following is the paperwork that a buyer must have:

• A valid Emirates ID for vehicle insurance
• A valid UAE driver’s license.
• Valid insurance for the vehicle.
• Passport with residence visa, (a valid passport is only required if it is their first registration.)

The buyer must have both originals and photocopies of all documentation for buying used cars or New cars in Dubai. Notice that if a buyer has a visa from another emirate that is different from the emirate he/she wishes to register the vehicle, the buyer must own/rent a property in his home emirate and provide proof of residency. This does not apply to Emirati passport holders.

6. Transfer process: The following documents are required for officially transferring a vehicle in Dubai:  

• Registration Card or car’s Mulkiya
• Valid Driving License
• Emirates ID or Passport and Visa
• A Copy of the New Insurance from the Buyer 

Where to sell a car in Dubai?

The dynamic automobile market in Dubai offers several ways to trade cars. Let’s start with the most recent opportunities this modern city provides to buy and sell cars.

1. Online private sales through classifieds marketplaces

One of the easiest ways to sell a car in Dubai is through posting adverts online. Several online classifieds marketplaces allow their users to post their private ads in the marketplace to reach out to a large number of potential buyers. They also provide tools or services that are practical in determining the real value of a car. Here is a list of online classifieds marketplaces in Dubai:

1. Shozon.com is the only classifieds marketplace in the UAE that allows its users to advertise their cars through a 30-second video advert which helps sell a car quickly and easily.
2. Dubaicars is dedicated to selling cars in Dubai and provides a large number of vehicles on sale.
3. Dubizzle is an online classifieds marketplace that also offers to sell cars in the UAE.
4. Opensooq, another well-known classifieds marketplace in the UAE, that connects car owners and buyers.
5. YallaMotor is dedicated to buying and selling cars in the UAE.

To read more about these top classifieds marketplaces click here.

Online marketplaces save you valuable time as you just need to provide information about your car, including brand, model, mileage, warranty, etc., as well as digital pictures of the car’s interior and exterior. The marketplace shares your ad on various social media or websites and connects you with all potential buyers out there. With the development of the technology, it seems to be the fastest way to sell a car in Dubai.

Pros:

• Get all the money from the sale
• Get the best value for your car
• No involvement of additional parties
• A large number of potential buyers
• Involves very low cost

Cons:

• Manage everything by yourself.
• Challenges of cooperating with buyers
• Scheduling times and dates with buyers accordingly

2. Dealerships

 You can also sell your car at a dealership. Here, you need to hire car dealers to sell your car and they will find potential buyers for your vehicle. There are many dealerships in the UAE and you just need to trust one. As these dealers do all the paperwork and financial issues, you just need to meet the buyer only once and save time.

Pros:

• Trade your used car in a rather short time.
• Easy to find auto dealers and sell your car.
• Get help with paperwork.

Cons:

• Your car will be sold on a consignment basis.
• There can be a low trade-in price.
• You have to pay a share of the car price to dealers.

Conclusion

There are several factors that can influence car valuation in Dubai and understanding these factors is crucial for sellers who want to get the best value for their vehicles. While considering all these factors could be overwhelming, which makes selling a car a little challenging, you can always get help from an online marketplace or a car dealer to do that.There are several factors that can influence car valuation in Dubai and understanding these factors is crucial for sellers who want to get the best value for their vehicles. While considering all these factors could be overwhelming, which makes selling a car a little challenging, you can always get help from an online marketplace or a car dealer to do that.

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