The parties’ submit the application at the Registration trustee’s office
Agency: Registration trustee
In October 2012, the Dubai Land Department started licensing companies to act in its behalf and use its system for property registration, among other services. As of August 2013, all transactions must be made through the 13 Registration trustees throughout Dubai.
Moreover, in April, 2014, the United Arab Emirates enacted administrative decree 52. It launched a standard contract for property transfers making it possible for parties to process a transfer without the need to consult a legal expert.
The parties have to present themselves at one of the registration trustee’s office with the standard contract along with the following documents.
- Company Trade License (Original or Copy)
- Shareholder Certificate (Arabic & English)
- Memorandum of the company (Arabic & English)
- Board Resolution (Arabic & English)
- Power of Attorney from Company (Arabic & English)
- Passport copies of shareholders
Parties then sign the contract and submit the application to one of the office’s employees.
Time and cost: 1 day, AED 4,000 (Registration trustee fee of AED 2,000 (If the registered/transferred property value less than AED 500,000) or AED 4,000 (If the registered/transferred property value equal or more than AED 500,000))
Register title at the Dubai Land Department
Agency: Land Department
Once the documentation is submitted, the trustee proceeds to register the new owner on the Dubai Land Department. The offices have access to the Land Department system and registration is completed on the spot within a couple of hours.
Time and cost: Less than 1 day (online), AED 10,000 (AED 10 for registering each square meter of land, with a minimum of AED 10,000)
