Dubai has become an outstanding place to live and buy properties due to a thriving real estate market. In case you intend to buy a property in Dubai, you have to get acquainted with the registration process of the land for easy transactions. The following are some key things that one should consider:
Importance of registering property.
Dubai requires that all property dealings be registered as part of the legal process. This means officially recording ownership of the building with the Dubai Land Department (DLD). Registering a property definitely ensures its recognition by government and offers legal protection to its owners.
Documents Required for Registration
In order for one’s property to be registered, there are some documents that are necessary. These include usually: original sales contract, passport copies (both seller and buyer), Emirates ID copies and NOC from developer. One should take care so that nothing is left out since it can cause delay or complications during registration.
Registration Process
The process of property registration in Dubai follows several steps. After collecting all required papers, the two parties go together at DLD offices for registering it. The DLD will make sure that these papers are genuine before it records such house under your names. It will take around five days only to finish this process.
Fees and Charges
There is payment involved when registering a house in Dubai city- this again varies widely depending on type/value of houses being registered; hence, one needs additional money apart from what was used purchasing such asset. Typical charges include those made while registering, transferring or carrying out administrative work.
Benefits of Registering Properties
Registering one’s piece of land can have numerous advantages towards whoever does so in relation to owning them. This makes transferal processes like selling or letting much easier because they would use their titles through which these lands were listed by government authority; therefore not rendering them illegal. Besides, these properties also qualify for other essential services like utility connections and service contracts.
Understanding the process of land registry is important for everyone intending to buy or invest in property within Dubai. Always familiarize yourself with the process, gather all necessary papers and set aside some money as fee payment in order to avoid stress during registration of your asset.
