The UAE capital is a popular real estate investment location due to its beautiful shoreline, strong economy, and world-class services. If you’re thinking about investing in Abu Dhabi real estate, one important document you’ll need is title deeds. Whether you wish to buy a beautiful home, rent out a cozy apartment, or expand your investment portfolio, this agreement protects your investment and gives you peace of mind.
TITLE DEED: WHAT IS IT?
Title deeds in Abu Dhabi are legal papers issued by the Land Registration Department (LRD) that prove property ownership. In Abu Dhabi, ownership documents are incontrovertible evidence that the property belongs to you, providing you the legal right to claim, possess, lease, and even sell it.
If you acquire the property outright, the title deed will be in your name. If you use a mortgage to buy property, the bank will keep the original title deed until the debt is fully repaid.
WHO NEEDS TO HAVE A TITLE DEED?
Anyone who owns property in Abu Dhabi must have a title deed. This covers individuals, corporations, and other legal entities. A title deed is an important document for several purposes, including:
- Proof of Ownership: This deed is the fundamental legal document that proves your property ownership.
- Ownership Security: It protects your ownership rights against any third-party claims.
- Transactions: It is necessary for any legal transactions affecting the property, including renting, selling, and mortgaging it.
Remember that several neighborhoods in the UAE capital only allow UAE residents to own property. Foreign nationals can, however, rent or lease property in these areas.
HOW TO GET TITLE DEEDS IN ABU DHABI
The procedure for obtaining and registering title deeds in Abu Dhabi consists of numerous steps:
- Meet with the seller in the Land Registration Department (LRD) building. Be present in person or appoint a representative via a power of attorney.
- Sign the sales and buy agreement, which details the terms of the transaction.
- The parties must present to the LRD a bundle of papers, which includes:
Identity cards, Emirates visas, and passports
The building plan for the property
Meter readings from utility companies.
No Objection Certificate (NOC).
Proof of fees paid
Additional documentation for legal entities.
Sign the ownership transfer forms.
Transfer the purchase price to the seller using a manager’s cheque.
The buyer will get the title deed from the LRD once the foregoing formalities have been completed.
FAQS ABOUT TITLE DEEDS IN ABU DHABI
How much does a title deed cost in Abu Dhabi?
To find out what it costs for title deeds in Abu Dhabi, call the Land Registration Department (LRD) or visit the TAMM official website.
What is the difference between a title deed and an Oqod in Dubai?
A title deed is a legal document issued by the Dubai Land Department for ready properties. At the same time, Oqood is a legal document issued by the Real Estate Regulatory Authority (RERA) for unfinished and off-plan properties.
How Do I Verify a Title Deed in Abu Dhabi?
To verify title deeds in Abu Dhabi, go to the Land Registration Department (LRD) or TAMM’s official website.
That is all you need to know about title deed in Abu Dhabi. Understanding the significance of a title deed and following the processes indicated above will guarantee that your ownership rights are safeguarded and that you may reap the full rewards of your property investment in Abu Dhabi.
