The name of a real estate project holds significant importance as its brand identity and vision of the developer. However, with the completion of the project and shifting market dynamics, developers might find a need to change the project’s name. Whether it’s due to a new business partnership or to attract investors, changing names is possible in Dubai, in adherence to the law.
Here we have elaborated in detail on how to change the name of a real estate project in Dubai.
Steps to Change the Name of a Real Estate Project in Dubai
Changing the name of a real estate project in Dubai allows developers to modify basic information regarding their project to amend their status with the RERA Dubai.
Following are the steps involved in changing the name of a real estate project.
- Step 1: Log in to the DLD portal and search for ‘Change Real Estate Project Name’
- Step 2: Elaborate on the reason to change the name
- Step 3: Duly fill and upload an ‘Undertaking Form’
- Step 4: Fill and submit the ‘Notice Form’ (15 days after the last notice date)
- Step 5: Wait for the auditing, accepting or rejection process.
- Step 6: If the application is accepted, a certificate of name change will be received via the online system
Documents Required to Change the Name of a Property Project in Dubai
The following documents are required for changing the name of a real estate project application.
- An official letter elaborating on the reasons for the name change
- A NOC from the main developer of the project
- Notice of the change for investors (Copy)
- Undertaking form
- Notice from dating 15 days later from the last notice date
Conditions to Change the Name of a Real Estate Project in Dubai
The name change service will only be applicable if the following conditions are met.
- The project status should be ‘Active’
- The previous two technical reports of construction and work process should be without any notice
- There should be an elapse of 15 days from the last notice serving date
Fee to Change the Name of a Real Estate Project
The service to change the name of a real estate project in Dubai is free of cost.
FAQs
Can I change my project name in Dubai?
Yes, developers can change their real estate project’s name in Dubai by following a legal process.
What is the fee to change a real estate project name in Dubai?
The service to change real estate project names in Dubai is free of cost.
How long will it take to change the real estate project name in Dubai?
It takes around 3 business days to change a real estate project name in Dubai through the DLD app.
This is how to change the name of a real estate project in Dubai and all the documents required to apply. Changing a real estate project’s name, allows developers to align with their brand identity and strategy that leads to efficient marketing practices.
Similar to name change, a number of other property transaction-related services in Dubai are free of cost, adding to the convenience of the investors. This is one of the core reasons contributing to the growth of Dubai’s real estate market.
If you are also interested in benefiting from the growing real estate market, browse through these properties for sale in Dubai and choose an ideal unit for investment.
If you are unaware of the market dynamics, here are some popular property types in Dubai for investment.
Stay tuned to dubizzle’s property blog for more information on real estate laws and regulations.
