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How to Transfer Property Ownership in Dubai

Transfer Property Ownership in Dubai

UAE real estate is one of the world’s largest industries. To meet the needs of this massive industry, the UAE developed rules and regulations that cover all elements of property transactions, including property ownership transfer. To assist buyers, each Emirate has its unique property transfer legislation. In Dubai, the Dubai Land Department (DLD) oversees all legal aspects of property transfer.

But, for first-timers, the process of property transfer and sale might be perplexing. To avoid confusion, we have included all of the actions required for transferring property ownership in Dubai below.

HOW TO TRANSFER PROPERTY OWNERSHIP IN DUBAI

The process for transfer property ownership in Dubai is outlined below.

STEP 1: SIGN THE SALES AGREEMENT

Buyers and sellers must sign a sales agreement and a United Form F before deciding to transfer. These paperwork both legalize the transaction and emphasize all of the terms and conditions of the sale to avoid any future problems.

STEP 2: APPLY FOR PROPERTY VALUATION

Owners must get a property valuation in Dubai for the unit they are selling. The valuation method aids in determining the unit’s true market worth. Furthermore, it aids in obtaining mortgages and determining the investment return on the property.

Property valuation
Property valuation is essential for estimating the unit's current market worth.

STEP 3: CLEAR FINANCES

Buyers must settle their money after the property valuation. Buyers with cash must submit a bank cheque for the requisite amount and proceed with the transaction. However, if the buyer wishes to obtain a mortgage in Dubai, final permission from the bank, a responsibility letter, and clearing paperwork are necessary in order to complete the transaction.

Throughout the process, buyers must keep sellers informed of the progress and time necessary to get bank clearance.

STEP 4: OBTAIN NOC

Prior to selling a unit, property owners must obtain a NOC from the developer or building authority. The letter guarantees that all dues and charges have been paid by the seller and that the new owner will not be held accountable for any outstanding amounts.

STEP 5: APPLY FOR OWNERSHIP TRANSFER

All of the steps listed above must be fulfilled before deciding on property transfer in Dubai. Complete the necessary steps to transfer property ownership:

  • Visit the Customer Happiness Centre (Main Office) in Dubai.
  • Submit the required documents mentioned below.
  • Pay the charges of property transfer and receive the receipt.
  • The title deed and map will be sent via email to the customer.

DOCUMENTS REQUIRED FOR THE TRANSFER OF PROPERTY OWNERSHIP

submit complete documents
To begin the transfer procedure, customers must provide all required documents.

The required documents to transfer property ownership in Dubai are listed below:

  • Letter from the transferor
  • Landlord’s Emirates ID Card or power of attorney (if the owner is not present in person)
  • Passport copies of co-owners (for expats only)
  • Commercial licence (for companies only)

TRANSFER OF PROPERTY OWNERSHIP SERVICE CHARGES

The following is a list of service fees related to the transfer of property ownership in Dubai.

  • For each title deed, AED 250 is charged.
  • AED 100 as a land map fee (if the property is not in the jurisdiction of Dubai Municipality).
  • For the unified map with Dubai Municipality, AED 325 will be charged.
  • AED 250 for the apartment and villa map.
  • AED 10 for the knowledge fee
  • AED 10 for the innovation fee.

This was the full process for transferring property ownership in Dubai. Government initiatives and the Digital Dubai vision digitize the process, making it more convenient for buyers and sellers. This has a big beneficial influence on the property market in Dubai. If you want to take full advantage of these advantages, go through these properties for sale in Dubai and invest in real estate.

FAQS

IS A TRANSFER FEE REQUIRED WHEN TRANSFERRING PROPERTY TO A FAMILY MEMBER?

Absolutely, service fees will apply when transferring property to a family member.

CAN I CHANGE OWNERS OF AN OFF-PLAN PROPERTY?

Absolutely, off-plan properties can be transferred from one individual to another.

AR

AR is a word at heart, despite being a minimalist at heart. He is always looking for new topics to write about.

This Blog is provided solely for educational reasons, including broad information and a general comprehension of its content, including related laws and regulations, and is not intended to give particular legal advice. The Blog is not intended to replace competent advice from a registered expert.

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