All about Taqeemi Certification in Dubai
- Taqeemi Certification
- How to Verify a Taqeemi Certificate in Dubai
- Benefits of Taqeemi Certification Verification in Dubai
- FAQs
Dubai has witnessed a boom in its real estate industry in the past few years. While this is good news for potential investors, navigating the real estate market can be terrifying! To avoid valuation woes and streamline transactions, real estate agencies are now bound by the DLD to issue Taqeemi Certification in Dubai.
You might ask, what is Tqeemi Certification? This guide will help you understand how to verify the Taqeemi Certificate and why it is beneficial.
What is Taqeemi Certification in Dubai
Taqeemi is a property valuation certificate issued by real estate evaluation companies licensed by the Dubai Land Department (DLD). It is mandatory for any property transactions in Dubai, including buying, selling or mortgaging.
The Taqeemi certification DLD helps ensure transparency and fairness in the real estate market by providing an independent and accurate assessment of a property’s market value. Also, banks in Dubai normally require a Taqeemi certificate to evaluate the risk involved in lending for property purchases.
How to Obtain a Taqeemi Certification in Dubai
Taqeemi Certification Dubai procedure is simple enough to follow. You must apply for a Taqeemi certificate through any real estate evaluation company licensed by the DLD. The next step is to provide the valuer with some basic information about your property, such as the location, size and type of property. The valuer will inspect the property and issue you a Taqeemi certificate.
How to Verify a Taqeemi Certificate in Dubai
You can verify the authenticity of a Taqeemi certificate on the DLD website or the Dubai REST app. You will need to enter the certificate number and the valuer’s name. The DLD will then confirm whether the certificate is genuine.
Here’s a step-by-step guide to verify your Taqeemi Certification Dubai Land Department:
- Visit the official DLD Website
- Hover over the ‘Services’ tab and select ‘All Services’
- Expand the ‘Information Services’ list
- Select the ‘Verification of Taqeemi Certificate’ at the end of the list
- Once the page loads, click ‘Access this Service’
- Fill in your ‘Certificate No.’ and ‘Valuator Name’
- Press the ‘Verify’ button
Benefits of Taqeemi Certification Verification in Dubai
There are several advantages of having a Taqeemi Certification DLD for both buyers and sellers. These include:
- Peace of Mind: You gain confidence by knowing the property’s genuine and accurate valuation.
- Fraud Protection: Verification ensures the certificate wasn’t issued by a bogus real estate company, safeguarding you from potential fraud schemes.
- Informed Decision-Making: Since the valuation is verified, you can establish a fair price for your property.
- Transparency and Trust: Buyers who see a verified certificate are likelier to perceive the transaction as transparent and trustworthy.
- Justified Asking Price: You can confidently present the verified valuation as evidence to support your asking price. This will further attract serious buyers.
- Legal Compliance: Having a verified certificate demonstrates adherence to DLD regulations, potentially avoiding legal complications or disputes down the line.
FAQs About Taqeemi Certification in Dubai
What is the cost of verifying Taqeemi certification?
According to the Dubai Land Department, there is no cost to verify a Taqeemi certificate on their website or app. The service is entirely free of charge.
What is the difference between property valuation and property evaluation?
While both terms deal with property worth, valuation focuses on a precise, official estimate of market value using standardised methods. On the other hand, evaluation offers a broader, more flexible assessment that may consider personal preferences and potential.
I am buying a home for the first time in Dubai. Can you help me with my queries?
We understand that buying a house is stressful, whether first time or not. Hence, we have prepared a complete list of FAQs for first-time home buyers in Dubai. The guide will help you understand the buying procedure, mortgages and more.
What are some of the best real estate apps in Dubai?
Multiple real estate apps in Dubai aim to help customers find the best apartments and homes for rent or sale. Some top names include DLD RDC, Dubai Rest, Dubbizle, Makani and Bayut!
With this, we end our guide to obtaining Taqeemi Certification in Dubai and verifying it through DLD. If you are looking for rental properties in Dubai, you must understand the Ejari system and save yourself from rental disputes and fraud.
For more information on Dubai’s real estate landscape, stay tuned to MyBayut!