Required Documents for Property Gifting:
- Documents needed for individuals
- Title deed of the owner
- No Objection Certificate (NOC) from the Developer
- Evaluation Certificate from Dubai Land Department
- Birth Certificate (for gifting to children or parents)
- Marriage Certificate (for gifting to spouses)
- Original passport, visa, and Emirates ID
- Succession certificate (in case of inheritance transfer)
- Documents needed for companies
- Title deed of the owner
- No Objection Certificate (NOC) from the Developer
- Evaluation Certificate from Dubai Land Department
- Trade License (for LLC companies)
- Certificate of Incorporation (for JAFZA/Offshore)
- Certificate of Incumbency (for JAFZA/Offshore)
- Certificate of Good Standing (for JAFZA/Offshore)
- Memorandum of Association (MOA) with Arabic translation
- Shareholder’s passport, visa, and Emirates ID
- Power of Attorney and/or Board of Resolution
- Property gifting with a mortgage
- Property Gifting for Off-Plan Properties
- Associated Transfer Fees:
- Difference between 4% transfer fee and 0.125%
- Reduced transfer fee for gifting to first-degree relatives or companies
- Transfer fee for gifting to siblings
Gifting properties in Dubai is a common practice for various purposes, such as inheritance or succession planning. It involves the voluntary transfer of property ownership without monetary exchange. The Dubai Land Department regulates property gifting and requires specific documentation for the process.
To gift a property, individuals must provide documents such as the owner’s title deed, a No Objection Certificate from the Developer, an evaluation certificate from the Dubai Land Department, and relevant personal documents like birth or marriage certificates. Companies, on the other hand, need to submit additional documents such as trade licenses, certificates of incorporation, and memorandum of association.
If a property has an existing mortgage, it is still possible to gift it. However, coordination with the bank is required, and additional fees, including mortgage release fees and re-registration fees, will apply.
It’s important to note that off-plan properties cannot be gifted unless they are still under a sales purchase agreement (SPA) with the developer and have not been registered with the Dubai Land Department.
One of the significant benefits of property gifting in Dubai is the reduced transfer fee. When gifting to first-degree relatives or companies, the transfer fee is only 0.125% of the property value instead of the standard 4% transfer fee. However, if gifting to siblings, the reduced transfer fee does not apply, and the regular 4% fee must be paid.
Throughout the entire process, our expert team will guide you, from assessing your deal to ensuring all necessary documentation is in place. We will also assist in obtaining approvals from the Dubai Land Department to complete your property gifting transaction.
Gifting your property to your beloved family can be a meaningful resolution for the coming year, ensuring a lasting legacy and fostering strong familial ties. Take advantage of the property gifting option in Dubai and make a valuable contribution to your loved ones’ future.
