Request for Registration of Tenancy Contract Ending with Acquisition of Title
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Description

This service allows customers to apply to register a tenancy contract ending with acquisition of title (rent-to-own, initial, and usufruct) between the seller, the purchaser and the financing party. Payments are made by the purchaser to the financing party, until the title is acquired by the purchaser.


Service Form

Registration of Tenancy Contract Ending with Acquisition of Title Form


Required Documents

Individuals
1- Electronic No Objection Certificate (eNOC) from the developer in the freehold areas (through Dubai Rest Application)
2- Electronic Sale Agreement (MOU)
3- Tenancy letter from the bank indicating the tenancy amount and the start and end dates
4- Emirates ID card of the seller and buyer (For identification only, no photo is taken) or valid passport copy if non-resident

Companies
If the company is not previously registered, it must be registered by applying for the registration of a company


Service Terms

For companies:
If the company is not previously registered, it must be registered by applying for the registration of a company


Service Fees

Seller fees:
2% of the sale value
Purchaser fees:
2% of the sale value
0.25% of the rental value
AED 250 Title Deed issuance fee
AED 100 fee for issuance of land map (AED 250 if a villa or apartment)

AED 10 Knowledge fees added to each fee
AED 10 Innovation fees added to each fee

Registration Trustee fees:
- If the sale value exceeds or is equal to AED 500,000 an AED 4,000 fee shall be calculated
- If the sale value is less than AED 500,000 a an AED 2,000 fee shall be calculated


Service Procedures

Via the service center
Step 1: The customer goes to one of the Real Estate Registration Trustee offices
Step 2: The customer submits the required documents to the employee and makes sure that they are complete
Step 3: The transaction data is entered into the system by the employee and is verified
Step 4: The customer pays the fees and receives a receipt for payment
Step 5: the output is delivered to the customer

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Payment Method

Cheque to Dubai Land Department
Nooqodi
ePay


Service Channels

Real Estate Registration Trustees offices (outside)


Issued Documents

Title Deed
Fee Balances
Map


Service Time

30-35 Minutes

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