How do I register my property with the DLD, and what documents, fees, and procedures are involved in ensuring a smooth and compliant registration process?
Registering your property with the Dubai Land Department (DLD) is a crucial step to ensure legal ownership and compliance with Dubai's real estate regulations. Here's a comprehensive guide to the documents, fees, and procedures involved:
Required Documents:
For Individuals:
Original and copy of the buyer's and seller's passports.
Original title deed of the property.
No Objection Certificate (NOC) from the developer.
Sale and Purchase Agreement (SPA).
Emirates ID (if applicable).
For Companies:
Trade license copy.
Board resolution authorizing the purchase or sale.
Power of Attorney (if applicable).
Memorandum of Association (MOA).
Fees Involved:
Registration Fee: 4% of the property's sale value, typically split equally between buyer and seller.
Knowledge and Innovation Fees: AED 10 each, applicable per transaction.
Title Deed Issuance Fee: AED 250.
Map Issuance Fee:
AED 100 for land plots outside Dubai Municipality jurisdiction.
AED 225 for unified maps within Dubai Municipality.
AED 250 for buildings and apartments.
Dubai Land Department
Registration Procedures:
Step 1: Obtain a No Objection Certificate (NOC) from the developer, confirming no outstanding dues on the property.
Step 2: Both buyer and seller (or their authorized representatives) visit a DLD office or an authorized Registration Trustee office.
Step 3: Submit all required documents for verification.
Step 4: Pay the applicable fees via manager's cheque or other accepted payment methods.
Step 5: Upon successful processing, the DLD issues a new title deed in the buyer's name.
Additional Considerations:
Mortgage Registration: If the property is financed, a mortgage registration fee of 0.25% of the loan amount plus AED 290 is applicable.
Service Charges Clearance: Ensure all service charges are settled before registration to avoid delays.
Legal Representation: Engaging a legal advisor can facilitate a smoother transaction and ensure compliance with all regulations.
By meticulously preparing the necessary documents, understanding the associated fees, and following the outlined procedures, you can ensure a seamless property registration process with the Dubai Land Department.
