The Dubai International Financial Centre (DIFC) operates under an independent legal framework, with rules that differ slightly from the mainland. Under DIFC jurisdiction, property owners can register a separate will through the DIFC Courts for real estate located within its jurisdiction. Registering a will with the DIFC helps ensure that property is transferred to the intended legal heirs according to the owner’s will, while reducing the likelihood of legal complications.
How to Make a DIFC Will in Dubai
The DIFC will can be registered by non-Muslims, individuals aged 21 years and above and asset owners in the UAE. Owners can register a will covering up to five real estate properties, or shares in up to five properties, located within the country. The step-by-step process for DIFC property will registration is as follows.
- Step 1: Visit the official website of ‘DIFC Courts’ and click on the ‘Wills’ icon
- Step 2: Select ‘Property Will’
- Step 3: Click ‘Single Property Will’ or ‘Mirror Property Will’
- Step 4: Fill in personal details
- Step 5: Enter the required real estate information
- Step 6: Provide the details of the executors and beneficiaries
- Step 7: Select the preferred distribution of real estate, either by percentage share or by specific property
- Step 8: Enter the required details of a witness
- Step 9: Upload all the necessary documents
- Step 10: Choose the location and date to book an appointment for will registration
- Step 11: Pay the applicable registration fee
Documents Required for DIFC Property Will Registration
The documents required to register a DIFC will for property may vary depending on factors such as the type of property and the number of witnesses. Generally, the DIFC Courts require the testator’s passport, the property title deed and the passport copies of the witnesses for will registration.
Fees for DIFC Property Will Registration
The fees for DIFC will regisration are AED 7,500 for a Single Will and AED 10,000 for Mirror Wills.
FAQs
How long does the DIFC will registration take?
Registering a DIFC will can be completed online within minutes. However, applicants are required to book an appointment to finalise and complete the registration.
Can expats register a DIFC will for property in Dubai?
Yes, expats and non-Muslim residents can register a DIFC will to cover their property in Dubai and other parts of the UAE, ensuring distribution according to their preferences.
Can you include multiple properties in a DIFC will?
Yes, a DIFC will can include up to five real estate properties or shares in properties located within the UAE.
Is it possible to register a DIFC will online or in person?
Yes, DIFC wills can be registered both online and in person. Applicants can complete the process digitally and then attend a scheduled appointment for final registration.
This sums up the key aspects of DIFC property will registration, including the process, required documents and applicable fees. As the financial centre follows its own legal framework, understanding these rules is important when renting or buying properties for sale in DIFC. A clear understanding of the legal framework can help property owners protect their interests and manage their assets with legal certainty.
Stay tuned to dubizzle’s property blog to learn more about DIFC rules and regulations.
