This service enables real estate development companies to apply to cancel the registration of a real estate project based on the developer's request.
1- Undertaking form
2- Announcement form
1- Submitting a letter requesting cancellation stating the reasons for the cancellation
2- Fil out undertaking form and upload it
3- Fill out an advertisement form and upload it after 15 days from the date of the last advertisement
4- Fill out the applicant's data
Step 1: Submit the application through the system and explain the reasons for cancellation.
Step 2: Fill out and upload the pledge form.
Step 3: Fill out the advertisement form and upload it. Note that you can only do this 15 days from the date of the last advertisement.
Step 4: The developer submits the application and checks it through the developers self-registration system TAS.
Step 5: Accept or reject the application if the cancellation requirements are not met.
Step 6: Upon acceptance of the project cancellation request, the request is transferred to the bank via the electronic system.
Seven 7: After completing the bank procedure, the escrow account is closed.
Step 8: The certificate is printed through the electronic system www.oqood.ae