What Are the Steps for Property Ownership Transfer in the UAE?

 

Are you looking to purchase or transfer property in the UAE? Transferring property ownership in the UAE is a miscellaneous process demanding compliance with buyers' and sellers' legal documents. Thus, to transfer property ownership, you must follow the step-by-step complete process as it contains ownership rights with legal precision. Significantly, this inclusive guide provides all the necessary information regarding transferring property in the UAE to the final registration under the Dubai Land Department, whether residents want to purchase or are considering selling the property. You will discover the key insight to navigate this complex process confidently.

 

What Are the Steps for Property Ownership Transfer in the UAE?

Firstly, in UAE, property ownership transfers take place electronically only to ensure strict rules and procedures are followed. The electronic method also provides assurance that ownership can be transferred efficiently, promptly, and adequately. The process is convenient and easy as well, and it manages the registration of leases and rights of landlords and tenants. Here is the step-by-step guide to transferring ownership of property in the UAE.

• Before raising the property transfer request, you must have collected all the essential documents, including an Economic Permit, Emirates ID, Site plan older than six months, Metre certification, a letter from the owner, transfer deed document, and Power of attorney.
• To begin the process, it is crucial to be present for all parties, such as the seller, buyer, mortgagee, and broker, during the transaction. Otherwise, ensure that a power of attorney is in place and executed before a notary if no party is present.
• After that, it is mandatory to obtain NOC from the master developer when the property is registered in a master community. In addition, if the transferred property is registered for development, then it is a must to provide the non-objection certificate from the concerned authorities, such as the water, electricity, and transport departments.
• To submit the application, you need to create an account on the TAMM official website and register the property. After that, go to the property ownership name change page and fill out the application form with the necessary details.
• To avoid disqualification, the applicant should ensure to fill in the form.
• After filling in the details, apply them to the available channel with document attachments. Then, the applicant will receive a reference number of the submitted application.
• Therefore, the complete process will take approximately three working days. After that, obtain the title certificate from the Land Registration Department of Abu Dhabi.

 

Note: Following the step-by-step guide above and ensuring all documents are in order, you can easily and quickly transfer property to another person in the UAE. 

 

How much does Property Ownership transfer cost in the UAE?

The property ownership transfer cost in the UAE includes some service fees, such as Property ownership Amendment fees, Transfer fees, Registration fees, Mortgage registration fees, and Valuation fees. To learn more details regarding the different fees applicable during the Property Ownership transfer cost, check the information below.

• Property Amendment ownership fee: The property Amendment fee may vary according to the value of the property, despite several other costs such as registration and transfer fees.
• Transfer fee: The transfer fee ranges between 1% to 4% of the property ownership transaction value.
• Registration fee: Therefore, the registration fee for registering the property under the authority must be fixed, although it can be dynamic depending on the property type and transaction details.
• Mortgage Registration  Fee: The mortgage fee is an additional fee applicable to register the mortgage; therefore, the cost is nearly 0.1% of the mortgage amount.
• Valuation fee: The valuation fee starts at AED 900 and can reach a maximum of AED 4,500.