The UAE government has regulated all real estate transactions to ensure a pleasant experience for all parties involved. Whether you buy a piece of property or rent it out for a short period of time, there is a legal process and documentation involved. A title deed is one of the most important papers that must be signed during a real estate transaction.
Today, we’ll go over what a title deed is, who must sign it, and how to register it.
WHAT EXACTLY IS TITLE DEED?
A title deed is a legal document that proves property ownership in an individual’s name (s). It gives you legal authority to claim, own, lease, and sell the property unit. If you bought the property directly from the owner, the title deed will be in your name. If you choose a property mortgage in Dubai or Abu Dhabi, you will be given a copy of the title deed. The bank will keep the title deed until the mortgage is paid in full.
TITLE DEED INFO
The title deed is created by the Emirate’s land department, hence it may differ from Emirate to Emirate. It generally includes the following information.
- Property description in detail, including layout, size, boundaries, usage, and location.
- The owner’s full name and contact details.
- The transfer and issue dates of the deed.
- The whole cost of the purchase.
- Both sides agreed on conditional conditions (if any).
- The official seal or stamp of the relevant department.
Because the title deed gives you legal ownership of the land, you must register and transfer it in your name. If you do not do so, you will lose the right to claim ownership of the acquired property unit.
HOW TO TRANSFER TITLE DEED IN THE UAE
After the transaction is completed and all payments have been received by the seller, the title deed is transferred into the name of the new owner. Each Emirate has its own method for verifying and transferring title deeds. To elaborate, we have shown the transfer of title deeds in Dubai, which is regulated by the Dubai Land Department (DLD).
The following describes the entire process of title deed transfer, often known as property ownership transfer, in Dubai.
- Bring all relevant paperwork to the Happiness Centre.
- Submit the papers and wait for the data to be digitally entered.
- Pay the transaction charge, get the receipt, and double-check the transaction.
- Get the updated title deed through email.
The title deed can be transmitted digitally as well. To learn more about how to transfer property ownership in Dubai, see our blog
HOW MUCH DOES A PROPERTY TRANSFER COST IN DUBAI?
In Dubai, the property transfer or title deed transfer charge is around AED 945. The following are the specifics of the title deed transfer fee:
- AED 250 per title deed
- AED 100 for a map of the land
- A unified map with Dubai Municipality costs AED 325.
- The apartment and villa map costs AED 250.
- AED 10 for knowledge
- AED 10 is the inventive charge.
DO I NEED THE TITLE DEED AFTER SIGNING THE MOU?
Absolutely, even after signing a Memorandum of Understanding, title deeds must be transferred (MOU). MOU is a document that is signed before to the property purchase that contains all of the transaction details. A title deed, on the other hand, is a legal document that grants you ownership rights to the property.
CAN I GET TITLE DEEDS ON MY PHONE?
Yes, you may download the title deed through mobile using the land department app. For example, Dubai residents may use their Dubai Rest app and download the deed online.
IS IT REQUIRED TO HAVE MY TITLE DEED VERIFIED?
Absolutely, title deed verification is required to avoid future legal issues.
That’s everything you need to know about title deeds in the UAE. The title deed is a vital document that grants you ownership of any property unit. As a result, while acquiring property for sale in the UAE, ensure that the title deeds are changed to your name.