Transferring property to family members in Dubai involves navigating specific regulations and procedures outlined by the Dubai Land Department (DLD). Understanding these guidelines is crucial for a smooth and legally compliant transfer process. In this comprehensive guide, we’ll delve into the fees, regulations, and steps involved in transferring property to first-degree relatives in Dubai.

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Dubai Land Department Fees Resolution of 2013

The Dubai Land Department (DLD) oversees property registration and transfer in Dubai. Notably, Dubai imposes fees rather than taxes on property transactions, as per the Dubai Land Department Fees Resolution of 2013. This resolution, outlined in Article 2, specifies the fees applicable to various property-related transactions registered with the DLD.

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Property Transfer to First-Degree Relatives

If you’re considering transferring your property to first-degree family members—a common scenario for inheritance or gifting purposes—the DLD requires payment of a nominal charge. As stipulated by the Dubai Land Department Fees Resolution of 2013, the fee for transferring property to first-degree family members is set at 0.125 percent of the property’s value. However, the fee will not be less than Dh2,000.

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Key Considerations and Regulations

It’s important to note that the Dubai Land Department Fees Resolution of 2013 outlines specific conditions and procedures for property transfers to family members. According to Article 3(5) of the resolution, fees for various transactions, including gifts, wills, and transfers of property shares among heirs, must be paid by the recipient unless otherwise agreed upon.

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Who Qualifies as First-Degree Family Members?

In Dubai’s context, first-degree family members typically include parents, spouses, and children. Transferring property to these relatives entails paying the prescribed fee to the DLD, ensuring compliance with legal requirements.

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Additional Fees for Selling Property

Should you decide to sell the property to first-degree relatives, individuals, or corporations, a different fee structure applies. In such cases, the seller is required to pay 4% of the selling contract’s value to the DLD.

Conclusion

Transferring property to family members in Dubai involves understanding and adhering to the regulations set forth by the Dubai Land Department. By familiarizing yourself with the applicable fees, regulations, and procedures, you can ensure a seamless transfer process while complying with legal requirements.

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This comprehensive guide provides valuable insights into the steps involved in transferring property to first-degree relatives in Dubai, empowering individuals with the knowledge needed to navigate the process effectively.