This service allows real estate developers to apply for amend administrative, marketing and VAT expenses cap prescribed for their real estate projects sold off-plan in freehold areas.
The service is provided by the Real Estate Trust Account Section at the Real Estate Trust Account Development Department.
Terms of Service Required Documents:-
1- Technical report not exceeding 4 months2- The completion rate shall not be less than 50% (according to a technical report issued by the Dubai Land Department)
The developer shall head to the Dubai Dubai Land Department - Escrow Account Section to submit the application accompanied with all required documents. After completion of the internal procedures, the written approval shall be sent to the developer and the escrow agent.
Last updated 19/10/2019 03:49:00 PM
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