The Title Deed plays a central role in Dubai's property market and is comparable to the land register extract in German-speaking countries. As an official ownership document, it contains important details such as:
- Unique identification number of the property
- Precise property and building data
- Name of the owner
- Purchase price and date of acquisition of ownership
- Any encumbrances or mortgages
In Dubai, the title deed is issued exclusively by the Dubai Land Department issued and managed. This ensures a high degree of security and transparency in property transactions. When buying a Property in Dubai the transfer of the title deed is a essential stepwhich legally seals the transfer of ownership.
For you as a prospective property buyer, it is important to know that the title deed in Dubai exists in both digital and physical form. The electronic system enables quick verification and simplifies the transaction process considerably.
When checking a title deed, you should pay particular attention to the following aspects:
- The authenticity of the document (verifiable via the DLD)
- Conformity of all information with the actual circumstances
- Current burdens or restrictions
- Correct spelling of all names and dates
The cost of issuing and transferring a title deed in Dubai is usually 4% of the purchase price plus administration fees. These Registration fee is due upon transfer of ownership and must be paid before the new title deed is issued.
For added security, it is advisable to always consult a qualified legal advisor for property transactions in Dubai to ensure the correctness of the title deed and the smooth transfer of ownership.