This service allows customers to register a request for the transfer of a tenancy contract ending with acquisition of title (rent-to-own, initial, and usufruct) between the owner and the new financing entity.

Transfer of Tenancy Contract Ending with Acquisition of Title Form

Individuals
1- NOC letter from the previous bank registering the transfer of tenancy
2- Letter from the new bank stating the amount of tenancy and the start and end dates
3- Emirates ID card of the owner (For identification only, no photo is taken)/ copy of valid passport if non-resident
4- Power of Attorney in case they are appointing someone on their behalf

Sole Proprietorship
1- Copy of the Commercial License
2 - Emirates ID Card (For identification only, no photo is taken) or valid passport copy for Non-residents
3- Power of Attorney if appointing someone on their behalf

Limited Liability Company (LLC)
1- Trade license + Page of partners and equities (original and copy)
2- Certificate of Incumbency
3- Establishment contract (appendices if any) (original and certified copy from the Ministry of Foreign Affairs and translated in Arabic)
4- A legal agency in the event of a representative, or a legally certified board of directors decision.

Not Applicable

0.25% of the tenancy value
AED 250 title deed issuance fee
AED 100 fee for issuance of the 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:
AED 4,000