Are you selling or buying a property in Abu Dhabi? You must transfer the ownership. For that, you must follow the complete process to transfer property ownership in Abu Dhabi and obtain a title deed. This process helps secure your investment.
Let’s find out the steps of property ownership transfers in Abu Dhabi.
- Step-by-Step Guide to Transferring Property Ownership
- Costs of Transfering Property Ownership in Abu Dhabi
- Common Challenges and How to Overcome Them
- Useful Tips for a Smooth Property Transfer in Abu Dhabi
Step-by-Step Guide to Transferring Property Ownership
In Abu Dhabi, property transfers take place electronically, ensuring that the laws and procedures are strictly followed. This ensures that real estate ownership is transferred efficiently, promptly, and accurately.
The government has set up powerful and convenient methods to guarantee a simple and easy process for transferring property ownership in Abu Dhabi. Tawtheeq helps manage the registration of leases and the rights of landlords and tenants in Abu Dhabi. Meanwhile, you need to transfer the title deed using the TAMM that offers online access to a range of public services.
TAMM is a one-stop site for numerous government services, so you can avoid wasting time and travelling to government offices. You can also transfer property ownership in Abu Dhabi in person by going to the relevant government offices.
Here’s how to transfer property ownership in Abu Dhabi:
Prepare the Required Documents
It is helpful to collect all necessary documentation before transferring your money. You’ll need:
- An Economic Permit
- Emirates ID (For an Individual)
- Site plan older than six months
- Last read for metre certification
- A letter from the owner
- Transfer deed document
- Power-of-attorney, where a request is made by an agent on behalf of the owner
Establish the Presence of All Parties
All relevant parties must be present during the transaction: the seller, buyer, mortgagee (if applicable) and real estate broker. A power of attorney shall be in place and executed in front of a notary in Abu Dhabi if no party can be present.
Obtain Necessary Certificates
It is also necessary to get an NOC from the master developer if the property is in a master community. Additionally, if the transferred plot is for development, provide a non-objection certificate from concerned authorities, such as the Water and Electricity Department, the Department of Transport and any other relevant authorities.
Submit the Application
Create an account on the TAMM website. After registration, go to the property ownership change page and fill out the application form with all the details required. The applicant must ensure they duly fill in the form to avoid disqualification.
Process Application
After filling in the application form duly, submit it in the available channels with all attachment documents. You will then receive a reference number for your application. The process usually takes up to 3 working days.
Obtain the Title Certificate
Upon processing, the LRD (Land Registration Department of Abu Dhabi) will send a title certificate to the seller and, in the case of a mortgage, the title deed will go to the mortgagee.
By following these few steps and making sure all your documents are in order, you can quickly transfer property to another person in Abu Dhabi.
Costs of Transfering Property Ownership in Abu Dhabi
Ensure you understand and are ready for potential expenses involved in the property transfer process in the capital. Here are some of the service fees while buying a property in Abu Dhabi.
- Property Ownership Amendment Fees: The ownership information amendment has varying cost depending on the value of property. However, there are other costs, which include registration and transfer fee.
- Transfer Fee: The transfer fee ranges from 1% to 4% of the property’s transaction value.
- Registration Fee: There is a fixed fee for registering the property transaction. This fee can vary based on the property type and transaction details.
- Mortgage Registration Fee (if applicable): If the property is mortgaged, an additional fee is required to register the mortgage. This fee is usually 0.1% of the mortgage amount.
- Valuation Fee: Charges for property valuation can range between AED 900 and AED 4,500.
Common Challenges and How to Overcome Them
Let us focus on some common issues that people encounter during the property transfer process in Abu Dhabi and how to overcome them.
- Delays in Document Processing: Begin early and be proactive. All necessary documentation should be complete and accurate. Work very closely with a legal advisor to expedite the process.
- Problems in Valuation of Property: Obtain a professional valuation certificate from the Land Department of Abu Dhabi. It assures fair market value and helps minimize disputes.
- Legal disputes: Employ a competent, trustworthy real estate attorney to review all the paperwork and determine ownership. Resolve any conflicts that may have sprouted right then and there.
Remember, timely preparation and professional advice can help you ensure a successful property transfer.
Useful Tips for a Smooth Property Transfer in Abu Dhabi
Below are a few pointers about how to ensure a smooth transfer of properties in Abu Dhabi:
- Choose the Right Legal Counsel: Seek legal advice from a reputable real estate lawyer or legal consultant. They can help guide you through the process, review documents, and make sure everything is up to local law.
- Ensure Clear Title: Obtain the Title Deed Certificate from the Department of Urban Planning and Municipalities Abu Dhabi. This will confirm ownership or existing liens or encumbrances. Ensure that there are no outstanding dues, encumbrances, or litigations against the property.
- Verify the Authenticity of Documents: Go through all the documents in detail, including the Sales and Purchase Agreement (SPA), NOCs, and clearance certificates. Confirm that the seller is legally entitled to sell the property. Verify signatures and stamps on the SPA, among other things.
In Abu Dhabi, transferring property ownership involves a few stages that make the process efficient and compliant with the law.
Make sure you pay the required fees and submit an accurate and comprehensive application via the TAMM site. By doing this, you can avoid getting into any legal hot waters and make sure that transactions are safe and secure for both buyers and sellers.
Moreover, you can learn about living in Abu Dhabi, which has lots of investment opportunities, places to visit and security.
