New Dubai Property Transfer System Goes Live

The new online Dubai property transfer system has gone live. The online system allows developers to register their properties in the system and allow for the legal sale, titling and transfer of properties to take place. It is hoped that this new system will bring more transparency to the Dubai real estate industry and ensure accountability between all parties involved in a property transfer.

The system has been created in conjunction with Emirates Real Estate Solutions, a subsidiary of the Dubai Land Department. No registered property sale and transfer will now be able to take place without first being entered into the online system. The system will also help to streamline property registration and transfer processes and ensure that all property transfers are made in compliance with best practice guidelines and RERA regulations. It is hoped that the new system will also help instil more confidence in the slightly stagnant Dubai property market.

The first developer to register their properties in the new system is Al Fajer Properties.

Read our free guide to Dubai property.

RSS Feed for This PostPost a Comment