Dubai: Conditions for Transferring Property Ownership Off-Plan
Mubasher, 29 September 2024: The Dubai Land Department has outlined the legal requirements for transferring ownership of off-plan properties in the emirate.
According to Dubai Decree No. 4/2010, transferring ownership of off-plan properties necessitates obtaining a no-objection certificate from the developer.
This requirement is mandated by the contractual agreements between developers and buyers.
For completed properties, such as apartments, villas, and townhouses, the “Malak” application provides information on any outstanding financial dues associated with the property.
If dues exist, buyers have the option to proceed with registration or postpone until the dues are settled.
The no-objection certificate can be obtained electronically through the “Dubai REST” application, ensuring compliance with the established legal framework.
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