The no-objection certificate in the real estate sector in Dubai falls within the plan to develop all legal procedures related to real estate transactions in the UAE, as the Dubai Land Department has implemented a new approach aimed at ensuring the rights of all parties involved in real estate contracts.
This approach is important in facilitating real estate purchases and mitigating the risks associated with real estate fraud and this article discusses in a comprehensive and detailed manner the role of the No Objection Certificate in the real estate sector in Dubai, highlighting all aspects related to it, including the conditions and procedures necessary to successfully obtain this certificate.
What is the No Objection Certificate in the real estate sector in Dubai?
The No Objection Certificate is known in the real estate sector in Dubai as a type of legal document issued by the Dubai Land Department. Issuing this certificate aims to help real estate developers solve all the challenges related to the design and construction process, and to ensure that there are no objections to the purchase of real estate in ownership areas. In addition to verifying the contractor’s compliance with the standards and requirements of the Land Department.
Why should a No Objection Certificate be issued in the real estate sector in Dubai?
Proof of property ownership.
Arranging financial obligations related to the property.
The commitment of both parties to the contract to the law.
Reducing real estate fraud.
How to obtain a no objection certificate in the real estate sector in Dubai
First, you must know that the No Objection Certificate in the real estate sector in Dubai goes through multiple procedures, which are:
Go to the Dubai Land Department
Bring the following documents: ID cards for both the buyer and seller, a commercial license, proof of property ownership, and all transaction details such as the purchase price and sale date.
Pay the fees incurred for this transaction.
The final step is that the real estate developer requests to obtain this certificate electronically through the Dubai REST application
Documents required to obtain a no-objection certificate in the real estate sector in Dubai
1. Names and ID numbers of both parties to the contract.
2. The area and area of the property and all details related to ownership of the property
3. Commercial license for the property
4. The property must be verified to be free of any financial liabilities, such as mortgages, legal disputes, or violations of real property law, and it must also be ensured that all due payments related to the property have been paid.
No objection certificate costs in the real estate sector in Dubai
As for the cost, it ranges between 500-5000 UAE dirhams, depending on the size and area of the property.
Here we have reached the conclusion of our article in which we talked about the No Objection Certificate in the real estate sector in Dubai, what it is, why it must be issued, how it can be issued, and what are the financial fees incurred.
