This service allows real estate development companies to register a real estate project, open an escrow account, and approve the units to sell them off-plan.
1- A project development contract (in case the owner of the land differs from the developer of the project) and the foundation contracts for the developer and the owner's company,
2- Copy of the Emirates ID card for those authorized to sign.
3- A no-objection letter from the main developer (in the name of the project, sales and marketing)
4- Bank guarantee 50% of the construction value
5- Final building permits
1- The land must be within freehold areas or long-term leasehold areas
2- In the absence of a 50% bank guarantee, the following is required:
A- Deposit the value in cash with DLD
B- A technical report of the actual completion percentage, and in the event that the completion percentage is less than 20%, the difference is deposited in the escrow account in cash
3- A no objection letter from the bank in case the land is mortgaged
4- For the approval to download the units, the approved plans for the real estate project must be attached by the planning authorities approved in the Emirate of Dubai.
AED 10 Knowledge Fees
AED 10 Innovation fees
Step 1: Issue a real estate licence from the licensing authority and acquire a username for the self-registration system
Step 2: Submit a real estate project registration request with its requirements through the developers' self-registration system in the Oqood portal.
Step 3: Audit and review the application for registering a new project and accept or reject the application
Step 4: Accept the application, and allow the developer to download the units through a surveying company approved by Dubai Land Department
Step 5: The developer submits a request to the registration trustee to open the account and fill in the account data.
Step 6: Pay the registration fees.
Step 7: The certificate is printed through the electronic system www.oqood.ae