Buying and selling property in Sharjah can be daunting, especially for first-timers. The process involves many aspects that both the buyer and the seller must consider.
One of these examples is the transfer of the title deed, a mandatory step when buying or selling property in the Emirate. According to city laws, this is a crucial step that facilitates the ownership rights of the buyer.
In this article, we will discuss everything related to the title deed in Sharjah, including how to apply for it, the process and costs involved, and more.
What is a Title Deed?
A title deed is perhaps one of the most important documents regarding your Sharjah property. If you want to rent or sell your house in Sharjah, you must obtain a title deed, as it is the only proof that you have legal ownership of the property.
The Sharjah Real Estate Registration Department issues the title deed in Sharjah. After you submit the required documents and the fees, you can obtain the title deed document of your property.
Property Title Transfer in Sharjah
Just like the steps involved in buying a property in Dubai, there are specific requirements for property ownership in Sharjah Emirate.
- The title transfer service enables property owners to update their old ownership documents, which were initially attested by the Ruler of the Emirate.
- These documents can be renewed into legally recognized title deeds.
- Additionally, the service ensures that all property records are current, accurate, and comply with present legal standards, thereby protecting individual ownership rights.
Let’s discuss the crucial steps for property title transfer in Sharjah.
Gathering Important Documents
There will be a few essential documents you must submit to start with the ownership transfer process, which includes:
- Transfer letter from the Department of Town Planning and Survey
- The original document of old plot demarcation
- Valid passport copy
- A recent original plan issued by the Department of Town Planning and Survey showing the current property layout
- Copy of the family book
- Copy of a valid Emirates ID
The Process
After collecting the necessary documents, you must visit the Sharjah Real Estate Registration Department, which is responsible for moving the process forward.
The Service Fee
The service fee for the transfer of the property title is AED 500.
Title Deed Transfer in Sharjah
The property sale service streamlines the transfer of ownership (title deed) from seller to buyer, ensuring the transaction is legally recognized and registered with the concerned authorities.
This service is specifically for individual buyers and sellers engaged in property transactions.
Here are the steps involved in the title deed transfer process in Sharjah:
Gathering the Necessary Documents
The following are the documents required for submission to the Sharjah Real Estate Registration Department:
- Original title deed
- A recent original plan issued by the Department of Town Planning and Survey detailing the property layout
- Copy of a valid Emirates ID
- Copy of a valid passport
- Clearance from the Sharjah Electricity, Water, and Gas Authority (SEWA) for built plots, ensuring no outstanding dues
The Process
The steps involved in the title deed transfer are as follows:
The signing of MoU
The buyer and seller sign a memorandum of understanding, which is crucial as the MoU specifies how their names will appear on the title deed.
The due diligence
Another crucial step is conducting due diligence on the property’s title. This process verifies the seller’s ownership and provides a thorough legal description of the property, as well as information about the developer and any mortgage holders.
Obtaining the NoC
After this step, it is time to obtain a NOC from both parties. This requires paying the mortgage holder, developer, owners’ association, and others, who then issue the necessary NOCs.
Transfer of the Title Deed
It is time to transfer the title to the Sharjah Real Estate Registration Department by paying the necessary fees and obtaining the new title deed certificate for the buyer. As soon as the costs are paid and the required documents are submitted, the process is completed.
Service Fee
The service fee for a new title deed transfer is AED 500. The buyer pays 2% of the contract value, while the seller pays 1%. Source
FAQs
The Title Deed fee in the UAE includes the following charges:
– Title deed issuance fee for a regular mortgage: AED 250
– Title deed issuance fee for a conservative mortgage: AED 250
– Knowledge fees: AED 10
– Innovation fees: AED 10
The property title transfer process fees in Sharjah is AED 500. Moreover, you can also request a title deed transfer when buying or selling property in the Emirate.
Yes, Sharjah and other Emirates, such as Dubai, Abu Dhabi, and Ras Al Khaimah, have designated areas where non-UAE nationals can own freehold properties.
The Sharjah Real Estate Registration Department provides users with property title transfers and title deed issuance services.
This was all about the property title transfers in Sharjah, including the title deed. It is essential to apply for the title deed issuance as soon as possible because it is the only document to prove that the buyer has bought the property from the sellers and is now its new owner.
Learn more about the properties for sale in Sharjah to choose the best for your next investment.
