LEASE TO OWN ON DELAYED SELL REGISTRATION

Registering Ejara End by Ownership contract between the property owner and a financing entity through which all payments are collected from the buyer to the financing entity account and which ends with the buyer owning the property.

Required Documents

• Original Title Deed
• NOC
• MOU  (Sales Agreement)
• Clear and not colored copies of Seller and Buyer passports (Valid)
• Citizen (The number of dossier + Copy of the nationality)
• Non citizen (Pick the Arabic name from the residency or the NOC, and pick the English name from the passport)If the Seller or the buyer is Company:

  – Individual:

1. Company Trade License (Original and Copy), Owner’s passport (Original & copy)
2. Original of Power of Attorney and a copy (to mention the type of sell or buy) + copy of the sponsor’s passport

◦ A limited liability company (LLC) to always ask about the names of owners (shareholders)

1. Company Trade License + family booklet  (Original or Copy)
2. Certificate of incumbency
3. Memorandum of Association ((original + copy and to be translated into Arabic if necessary) ) the Sell must be mentioned, otherwise:

• All owners to be present
• Board of Directors decision and to be signed by all parties of the license
• Power of Attorney approved by all parties
• If there is a manager (to make sure of the manager’s authority to sell in the Memorandum of Association)
• If one of the parties of the license is a minor, a letter must be provided from the court or from the minors affairs
• the case of company-owned, all mentioned above documents for each individual company must be provided
• If the property in an unauthorized area for foreigners, the company must be owned 100% by citizens
• the company is in the GCC countries, the company must be owned 100% by citizens
• if the company is off shore:
• if it is not in the Emirate of Dubai, it must be registered in Jafza Jebel Ali
• The Trade License
• Memorandum of Association (To be translated into Arabic)
• Incumbency certificate
• good record certificate
• In the case of company-owned, approval of Dubai Land department must be obtained and all documents for each individual company must be provided
• If it is a persons-owned company, Dubai Land Department approval is not required, but an NOC from Jafza is a must
  

  – In case of authorization (general or specific) to sell, it is a must to make sure of:

  – Type of sales, transport or transfer of the real estate or assets or property or non-movable funds in the authorization must be mentioned

  – If the authorization is issued from the Seller to the Buyer and the property is to be registered under the Buyer name (Sell-to-Own is to be mentioned in the authorization)

  – Authorization of authorization is not accepted, even when it is mentioned in the first authorization, 2 sale processes to be registered without NOC and that to be mentioned in the Remarks.

  – Authorization to last for 2 years only, and to be renewed in Dubai Courts

  – In case of authorization from the seller, a sale check to be written (Manager Check) under the name of the seller, not the authorized person even if it is mentioned in the authorization, or under the name of the bank if the property is mortgaged to the bank in order to release the property mortgage.

  – To verify the last page of the authorization to make sure of the expiry of the authorization

  – To be translated and attested if it is not in Arabic, and to be attested from the UAE embassy in the related country and the Ministry of Foreign Affairs of the UAE

  – Authorization from a minor is not accepted (under 21), NOC of Sale from Dubai Courts or Minor Affairs is accepted

  – If it is an authorization to sell a land, the original is to be taken

  – If the authorization is in Arabic & English, the Arabic version is to be applied

Standard Fees

0.25% of the amount of the financing
Knowledge fee of Dhm 10 on each fee

Service Fees

– 4000 Dirham