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Property Transfers in Dubai
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Navigating Property Transfers in Dubai: A Step-by-Step Guide to Smoothly Transfer Ownership

Holo Blog

If you're buying a property, the final step in the process is the transfer. This extensive guide offers all the essential information you need to complete the transfer process. From comprehending the legal procedures and paperwork involved to the associated fees, this guide will provide all the necessary details to ensure a smooth and hassle-free ownership transfer.

What Documents Are Required for Transferring Ownership?

  1. To complete the transfer of ownership in Dubai, several documents are necessary, including a title deed, Form F (MOU), and a No Objection Certificate (NOC) from the developer. All these documents must be in order before submission to the Dubai Land Department (DLD). The title deed holds paramount importance in the ownership transfer process, as it contains all the essential information about the property.
  2. The title deed must be registered with the DLD to effect the legal transfer of ownership. The Form F (MOU), which details the transfer of ownership between the buyer and seller, must be duly signed by both parties and submitted to the DLD along with the title deed. Additionally, a NOC from the developer is required, affirming that there are no outstanding payments or legal issues about the property that would hinder the transfer of ownership. It's crucial to ensure that all these documents are in order before submission to the DLD, as any discrepancies or errors could result in delays or even rejection of the application. Although transferring property ownership in Dubai is a complex process, with proper guidance, it can be completed smoothly and efficiently.

Sound stressful? It doesn't need to be as the Holo team will take all this heavy lifting off your hands. When you apply for a mortgage in the UAE with Holo, we don't just offer you digital mortgage services and advice. We walk you through the entire process from start to finish, right until you have the keys in your hands, arranging all the paperwork and appointments needed to complete the transfer.

What fees are involved?

  1. During the transfer of property ownership in Dubai, there will be additional fees involved. Generally, these fees must be settled before the Dubai Land Department (DLD) can finalize the ownership transfer. It's important to note that these fees are separate from other associated costs like legal fees or registration fees, and should be considered accordingly. Additionally, if the property being transferred is part of a development project, there might be additional fees payable to the developer. Before commencing the transfer process, it's crucial to verify all applicable fees with the DLD to allow for proper budgeting. This will ensure prompt and efficient completion of the entire ownership transfer process.
  2. The fees involved with buying a property can add a substantial amount to the cost of buying a property. Using an online mortgage calculator in Dubai will give you an indication of how much you could borrow and what your monthly repayment could look like. It is possible to add some of the associated fees to your mortgage. To understand what fees are involved and whether adding fees to your mortgage loan is the right option for you, speak to your Holo case manager.

In addition, the mortgage broker cost in Dubai can add AED 5,000 to the cost of buying a property. But Holo is completely free.

By familiarising yourself with the necessary documents and procedures, you can ensure a successful transfer of ownership in Dubai. This comprehensive guide has provided an overview of the steps involved, from understanding the required documents and fees to completing the process. Equipped with this knowledge, you can confidently navigate the transfer of ownership in Dubai.

Holo is the Middle East's first digital mortgage platform. Use our online application to apply for a mortgage in Dubai and one of our mortgage specialists will be in touch to answer all your Dubai home mortgage questions and discuss your options.

Start your mortgage application now, we're 100% free and have access to over 500 mortgage products from across the UAE's banks.

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