– For property value less than 500,000 AED: 2,000 AED + 100 AED (5% VAT) = 2,100 AED
– For property value 500,000 AED and more: 4,000 AED + 200 AED (5% VAT) = 4,200 AED
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What are the registration trustee fees for selling a property?
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What are the Dubai Land Department fees for selling a property?
– Flat/Villa = 4% of the sale value + 580 AED
– Land = 4% of the sale value + 430 AED
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What are the Dubai Land Department fees for discharging/ releasing a mortgage of a property?
– 1290 AED for Mortgage release
– 1560 AED for Lease to Own Release (Unit/Villa/Apartment) – Ejarah Release
– 1410 AED for Lease to Own Release (Land) – Ejarah Release
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Is there a need for POA/ Board Resolution/ Shareholders Resolution?If shareholder, buyer, seller or anyone involved in the buying or selling of property is not present, a POA / Shareholder / Board resolution must be presented. Documents must mention buying, selling, transferring, and or Gifting, receiving the gift of property.
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What is the validity of the POA/ Board resolution/ Shareholder resolution?
– Expiry 2 years selling/ 5 years buying.
– 2 years giving gift/ 5 years receiving gifts.
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Can companies outside UAE buy properties in Dubai?
– Yes, companies outside UAE who intend to buy properties must first register in Dubai- Freezone.
– NOC is required from DLD if the buying company (Dubai registered) has a company outside Dubai as its shareholder.
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When is the NOC required from Dubai Land Department?
NOC from DLD is needed when :
– The company buying a property is owned by another company and not a direct individual
– Gift transaction involving a company
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Is the company stamp needed at the day of transfer?Yes, it is needed at the day if the transfer
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Can the seller’s cheque be issued under the name of the seller’s POA?No, it should be issued under the name of seller only
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Can we pay trustee fees by Cash or card?Yes, trustee fees can be paid by cash or card