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Request for Usufruct Registration - Initial Sale Registration

Description
This Service allows customers to register for usufruct (Long -term or Usufruct) either from the Developer or between customers
Required Documents
  • Title Deed
  • In case of registration of an Usufruct (long-term lease) request from the developer Sales Purchase Agreement (SPA), and in the event of leasing a Musataha contract, 3 copies of Musataha Contract are required stating the start date and the end (not more than fifty years) and the Musataha amount 
  • NOC in freehold areas
  • Sale Agreement (MOU)
  • Emirates ID Card Or Copies of valid Passports (for Non-residents)


o Sole Proprietorship

  • Copy of the Commercial License - copy of the Owner’s Passport/Emirates ID Card


o Limited Liability Company (LLC)

  • Trade license + Page of partners and equities (original and copy)
  • Certificate of Incumbency
  • Original and copy of the Memorandum of Association (translated into Arabic where required)
Service Procedures

The customer shall apply for the service through a service channel.

The application shall be reviewed and then returned where the title deed and balances will be printed and handed over to the customer.

Service Fee

Owner:

  • 2% of the Sale Price to seller + 2% of the Sale Price to purchaser
  • AED 20 Knowledge Fees
  • AED 20 Innovation Fees


Tenant:

  • 2% from Lease value or 1 % from Usufruct value + the following:
  • AED 250 title deed issuance fee
  • AED 100 land map issuance fees (AED 250 if a villa or apartment)
  • AED 30 Knowledge Dirham fee at the rate of AED 10 per fee
  • AED 30 AED Innovation fee at the rate of AED 10 per fee 

 

For initial sale registration (Oqoodi), 2% of sale price:

  • AED 20 Knowledge Fees
  • AED 20 Innovation Fees
                   

Registration Trustee Fee:

  •  If the sale price exceeds or equals AED 500,000 AED 4,000 will be charged
  • if the sale price less than AED 500,000 AED 2,000 will be charged
Service Branches
  • Real Estate Registration Trustees offices (oustide)
  • Dubai Land Department – Main Office
Related Services Request for a Map - Search for Registrations Trustees
Additional Information

​N/A

Last updated 07/08/2019 10:45:38
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