This service enables real estate development companies to register a real estate project and open an escrow account for off-plan sales.
Electronic Real Estate Project Accreditation Certificate
Registration of Real Estate Project:
1. Project Registration Requirements Form.
2. Consultant letter with project details.
3. District cooling services agreement.
4. Investor compensation mechanism.
5. Final building permits from authorities.
6. NOC from the main developer approving project name, off-plan sale, and marketing.
7. Project land ownership document.
8. Development agreement (if land owner differs from developer) plus 4% of land value registration fee with agreement copy.
9. Copy of commercial license.
10. Recent technical report from Dubai Land Department.
11. NOC from the Financing Bank as per the approved template.
Registration of Real Estate Project:
1- The land must be located in freehold areas or long-term lease areas.
2- Ownership deed must be available; preliminary sales certificates are not accepted.
3- Completion of developer registration in the Trakheesi system.
4- Uploading units to the Survey Department and attaching approved project plans from authorized planning entities in Dubai.
5- Submission of a 30% guarantee via one of the following options:
5.1- Completion of 30% of construction.
5.2- A bank guarantee covering 30% of construction.
5.3- A cash deposit equivalent to 30% in the institution’s account.
Project Registration Fee
AED 150,000
AED 10 Knowledge fee
AED 10 innovation fee
Step 1: Submit the request via the system in the 'Oqood' portal and upload the required documents.
Step 2: Open a unit survey request and submit a technical report request.
Step3:The developer submits a request to the Account Custodian to open the escrow account and fill in the account data.
Step 4: Receive, audit, and review the new project registration request, then accept or reject it
Step 5: Pay the registration fee.
Step 6: Receive the certificate through the electronic system.
Noqodi Wallet
Land Department website (Real Estate Developers Portal - Contracts) Trust Account System
1- Real Estate Project Approval Certificate (e-Certificate)
3 Working Days
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