To transfer ownership of a property in Dubai, you need to follow a few essential steps:
Sales Agreement: Start by signing a sales agreement with the seller. This agreement should outline the terms and conditions of the property sale, including the purchase price, payment schedule, and any other pertinent details.
Obtain No Objection Certificate (NOC): If the property you're purchasing is in a freehold area, you will need to obtain a No Objection Certificate from the developer. This document confirms that there are no outstanding dues or objections related to the property.
Submit Documents: Prepare the necessary documents for the transfer process. This typically includes copies of your passport and visa, the original sales agreement, the seller's title deed, and the NOC (if applicable). Ensure that all documents are complete and up-to-date.
Visit Dubai Land Department (DLD): Both the buyer and the seller need to visit the Dubai Land Department to initiate the transfer process. Bring along all the required documents and pay the applicable fees.
Pay Transfer Fee: As part of the transfer process, you'll need to pay the property transfer fee, which amounts to 4% of the property's purchase price. This fee is usually divided equally between the buyer and the seller.
Transfer Registration: Once the fees are paid and the documents are verified, the property transfer will be registered with the Dubai Land Department. This step officially transfers the ownership rights from the seller to the buyer.
Collect New Title Deed: After the transfer is completed, you'll receive a new title deed reflecting your ownership of the property. Keep this document in a safe place, as it serves as legal proof of ownership.
