How to transfer property ownership in Abu Dhabi
Wondering how you can transfer property ownership in Abu Dhabi? Before you can transfer property ownership in Abu Dhabi, you must obtain clearance certificates and the required documents. This guide aims to simplify technical details for a smoother and hassle-free property transfer. We will also cover how to transfer property ownership in Abu Dhabi through TAMM and other digital means, ensuring you are well-equipped to navigate this procedure confidently and easily.
Transferring Property Ownership in Abu Dhabi – Preparing the Necessary Documentation
Gathering the necessary documentation is critical in ensuring a smooth process when transferring property ownership in Abu Dhabi.
- Identification Documents: Passport copies for all owners and the new buyer, including visa pages and Emirates IDs.
- Legal Agreements: Original Sales and Purchase Agreement/Reservation Form.
- Financial Clearances: Proof of payment for all outstanding instalments and service charges, plus a Mortgage Release Letter from the bank, if applicable.
- Additional Approvals: Request for Assignment Letter signed by the new buyer, and potentially, a No Objection Certificate (NOC) from co-owners or the master developer.
Other Common Documents
- Property Details: A recent land plan (issued within the last six months), the last reading for the Metre Certificate, and an official letter issued by the owner.
- Authority Approvals: NOCs from relevant authorities like the Abu Dhabi Distribution Company or the Department of Transportation may be required depending on the property’s location and type.
- Visit to LRD: Both parties, their real estate broker, and any mortgagee must visit the Abu Dhabi Land Department to register the sale unless represented by a notary-approved power of attorney.
Putting Together Clearance Certificates
Obtaining clearance certificates ensures the successful transfer of property ownership in Abu Dhabi.
Here’s a step-by-step guide to simplify this:
- Assigning a Representative:
- If the property owner cannot be present, a Power of Attorney (POA) may be needed. If issued outside the UAE, this document should be attested by Abu Dhabi/Dubai Courts or relevant institutions.
- Obtaining No Objection Certificate (NOC):
- Secure an NOC from the Abu Dhabi Municipality. This certificate is mandatory to ensure no legal impediments to the transfer.
- Using the DARI System:
- Access the DARI system to apply for necessary clearance certificates. This platform streamlines the acquisition of various documents, including:
- Valuation Certificate
- Verification Certificate
- Ownership Deed/Title Deed
- Properties Ownership Certificate
- Site Plan
- Access the DARI system to apply for necessary clearance certificates. This platform streamlines the acquisition of various documents, including:
- Procedure:
- Begin with a Sale and Purchase Agreement (SPA).
- Follow through by obtaining the above-mentioned clearance certificates.
- Ensure all fees are settled with the Abu Dhabi Municipality as part of the final steps in the property transfer process.
Fees and Charges Associated with Property Transfer
Understanding the fees and charges of transferring property ownership in Abu Dhabi is crucial for a smooth transaction.
Here’s a simplified breakdown of the costs involved:
- Registration Fees: The Executive Committee determines these fees, which range from a minimum of 1% to a maximum of 4% of the property’s transaction value or its assessed value by the relevant Municipality.
- Mortgage and Musataha/Usufruct Rights: Mortgage registration fees are set at 0.1% of the purchase price. For musataha and usufruct rights, the registration fees are 4% of the value.
- Agency and Valuation Fees: Real estate agency fees typically are 2% of the property value plus 5% VAT. Property valuation fees range between AED 2,500 to AED 3,000, also subject to 5% VAT.
Additional costs include:
- Title Deed and Administrative Fees
- Transfer and Municipality Fees
These fees ensure that all legal and procedural aspects of the property transfer are managed efficiently, adhering to Abu Dhabi’s regulatory framework.
Finalising the Transfer
The formal transfer registration is the final stage of transferring property ownership in Abu Dhabi.
- Presence at Abu Dhabi Land Department (LRD): All parties involved must be present or represented at the LRD.
- Submission of Documents: A comprehensive set of previously prepared and verified documents is submitted.
- Payment of Fees:
- Property transfer fee
- Municipality fee
- Administrative fees
- Registration fee
- Final Inspection and Approval: The property may be inspected for the final time to ensure that all conditions of the sale are met.
- Issuance of Title Deed: Upon completing all steps and payments, the LRD issues an Abu Dhabi property title deed, officially transferring ownership.
Using Digital Platforms for Efficiency
Transfer Property Ownership in Abu Dhabi Online via TAMM Portal
The TAMM government services portal offers a streamlined online process for digital convenience.
After creating an account and logging in, users can transfer property ownership in Abu Dhabi through TAMM by uploading the necessary documents and paying fees online. The process typically takes three days.
Transfer Property Ownership in Abu Dhabi Online via the DARI System
DARI platform facilitates the digital submission of documents and payment of fees, significantly simplifying the process. Users can log in, select the service for transferring land ownership, and follow prompts to complete the transaction.
By using available digital services, parties can ensure a smooth transfer of property ownership in Abu Dhabi, meeting all legal and regulatory requirements.
FAQs
What are the charges for transferring property ownership in Abu Dhabi?
In Abu Dhabi, the fee for transferring property ownership is generally 1 to 4% of the property’s sale price. Additionally, if the property purchase is financed through a mortgage, the mortgage registration fee is 0.1 to 0.25%.
What steps should be taken to transfer property to a new owner in Dubai?
The process of transferring property ownership in Dubai involves several key steps:
- Sign the Agreement of Sales.
- Request Property Valuation.
- Ensure all finances are clear.
- Obtain a No Objection Certificate (NOC).
- Request the official transfer of ownership.
How long does the property transfer process take in the UAE?
The timeframe for transferring property in Dubai can vary depending on several factors, such as whether the property is mortgaged or the buyer is securing a mortgage.
Transferring property ownership in Abu Dhabi might seem daunting. But with careful planning, the journey becomes smoother and more accessible.
If you’re moving to the UAE capital, get familiar with the contracts and documents for renting Abu Dhabi property. To learn more about Abu Dhabi’s real estate market, subscribe to MyBayut.
