Request to Change a Project Developer

Description

This service allows the owner of the project land to change the development company after fulfilling all the requirements, while not violating the contractual obligations with the investors.


Service Form

1- Developer registration form
2- Project registration application form
3- Project registration requirements


Required Documents

1- Submitting a letter requesting the transfer of the project to the new developer, stating the reasons
Fill out a project transfer form
Fill out a project transfer requirements form
2- No objection from the main developer of the project with the new name (transferring the project to the new developer)
3- A valid license in the name of the new developer carrying a real estate development activity to register the new developer
4- The original previous approval - a real estate project approval certificate
5- A pledge to bear all financial obligations of the previous developer, the old credit issued in the name of the previous developer
6- A copy of the notice to address the investors
7- A developed registration form
8- Project registration form
9- List of registration requirements
10- A list of the names of the investors attached to a copy of the notice to inform the investors of the change.


Service Terms

Not Applicable


Service Fees

AED 150,000 (in case the project got canceled)
AED 10 Knowledge Fees
AED 10 Innovation fees


Service Procedures

Step 1: a formal request must be submitted from the developer to provide the requirements according to the approved form
Step 2: Providing the developer with the requirements to transfer the project to another developer
Step 3: Review the transfer requirements received
Step 4: After fulfilling all requirements, the developer will be provided with advertisement forms in both languages
Step 5: The advertisement should be announced in the official newspapers for a period of 3 working days, while providing DLD with copies of the advertisement in pdf format
Step 6: When 15 days have passed from the third day of the announcement, the transfer procedures will start
Step 7: Amending the project data in the Tabu system and issuing an amendment to the project approval certificate after transferring in the system
Step 8: The transfer will be circulated in the e-mail attached to the new accreditation certificate for all concerned parties
Step 9: prepare a correction for the project and update the comments box
Step 10: Update the project data in the list (change - move - separate project) in the shared file



Payment Method

Manager Cheque



Service Channels

Dubai Land Department – Main Office



Issued Documents

Certificate to amend approved real estate project with the name of the new developer



Service Time

Developers Registration: 30 minutes
Survey: 7 days

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