Are you looking for the process of requesting gifted property registration in Dubai? This article is your go-to resource for understanding the intricacies of this essential legal procedure. We’ll walk you through the steps, requirements, and key insights you need to register a gifted property in Dubai successfully.
Gifted property registration refers to the legal process of officially transferring ownership of a property from the gift giver (donor) to the gift receiver (recipient). This process is essential for establishing clear and legally binding documentation of the property transfer.
When a property is gifted, it means that the owner of the property willingly, without any monetary exchange, transfers ownership to another individual. This can be a generous act within families or among unrelated parties. Gifted property registration ensures that this transfer is recognized and recorded by the Dubai Land Department, making it a legally binding transaction.
Registering gifted property is a crucial step in any property transaction in Dubai, serving several important purposes:
In Dubai, the Dubai Land Department (DLD) is the authority responsible for overseeing and regulating property transactions, including gifted property registration. The DLD has established a comprehensive legal framework to govern these transactions. This legal framework includes guidelines and requirements that must be followed during the registration process. Being aware of and adhering to these regulations is essential for a successful registration process.
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The following documents are required for gifted property registration:
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After gathering all the necessary documents, the next step is submitting your gifted property registration application to the Dubai Land Department. During this stage, you will also need to pay the applicable fees, which cover the administrative costs associated with the registration process.
The Dubai Land Department will carefully review the submitted documents to ensure they comply with their regulations. Additionally, they may conduct a thorough examination of the property itself. This verification process is essential to confirm the authenticity of the transaction and to prevent any fraudulent activities.
Upon successful verification, the Dubai Land Department will issue a new title deed in the name of the recipient. This title deed is a crucial legal document that officially recognizes the recipient as the property owner.
It’s important to note that the transfer of property ownership in Dubai often involves various fees. These fees may include property registration fees, administrative charges, and other costs associated with the transfer. Typically, these fees are borne by the recipient.
Yes, non-residents can receive gifted property in Dubai, but certain regulations and procedures apply. It’s advisable to consult with legal experts for guidance.
You can register total or partial gifts, including gift registration applications, gift usufruct rights, or provisional gift sales for various types of properties.
The service fee for gifted property is calculated at 0.125% of the property’s valuation value, with a minimum fee of AED 2,000.
Gifts can be assigned to first-degree relatives (mother, father, husband, wife, and children) or companies at no charge, as long as the property’s title deed is not already registered or granted to someone else.
Yes, for land gift registration applications, you must first submit a property evaluation application at a Real Estate Services Trustee Center before applying for the gift registration.
Service partner fees depend on the price of the gifted property. If the gifted property price is more than or equal to AED 2,000,000, the fee is AED 4,000 plus VAT. If the property price is less than AED 2,000,000, the fee is AED 2,000 plus VAT.
For more information don’t hesitate to contact HHS lawyers.