Dividing a jointly owned property between the partners can be a hassle. However, mutual understanding and the Dubai Land Department (DLD) service called ‘Partners Division Registration Application in Dubai’ help divide and register the separate real estate units.
Jointly owned property owners who wish to divide the real estate can register their units via an application. Let’s go through the requirements, fees and procedures for the partners division registration application in Dubai.
Partners Division Registration Application by DLD
Owners of the joint property can divide the land or plot among themselves. For that, they need an agreement. This agreement must outline the terms and conditions of the division.
Furthermore, the agreement should be consensual, meaning all parties agree voluntarily. However, it might involve legal or judicial procedures as well. This division allows each individual or group to have their own property.
After division, each partner can obtain a separate title deed for their land. Here’s the complete procedure.
Documents
The owners of the divided properties must register the land to receive a title deed. Here are the required documents for the partners division registration application in Dubai.
- Submit an agreement between the parties involved (Must be certified by an official entity). It will be certified later by DLD.
- Emirates ID of the owners and parties involved (for citizens and UAE residents)
- Passport copies of the foreigners and non-residents
Required Fees
For different processes, there are various DLD registration fees and payment methods. The service fees for the partners division registration application in Dubai:
- A 1% fee, calculated based on the assessed value of each disassociated share in a property, will be collected. This fee is applied to the valuation of the specific property and is proportionally distributed among the disassociated shares.
- AED 250 for title deed issuance
- For the land or plot maps outside the Dubai Municipality jurisdiction, the fee is AED 100
- Meanwhile, the land plot map within Dubai Municipality has a fee of AED 225
- AED 250 is the fee for villa or apartment maps
- Knowledge and innovation fees are AED 10 each.
For instance, if the applicants are dividing a plot of AED 1M within Dubai Municipality jurisdiction, they will have to pay 1% each, which makes AED 10,000. Besides, the applicant will pay the land plot map fee of AED 225, title deed issuance fee of AED 250 and knowledge and innovation fee of AED 20. The total fee will become AED 10,495.
Additionally, customers can use the following payment methods for the partners division registration application in Dubai:
- Cash
- Check
- Credit card
- E-pay
Procedure
Applicants must visit the DLD’s main headquarters to get this service. The procedure for the partners division registration application in Dubai is as follows:
- Submit the required documents to a DLD employee
- The employee will enter the transaction
- Pay the required fees using the specified payment methods
- After processing, the transaction will receive an approval status following the audit
- Users will receive an electronic title deed and map via email
FAQs
What is the 4% fee in the Dubai Land Department?
The property sales registration fee by DLD is 4%, calculated according to the buying price. Besides, buyers and sellers pay 2% each of the buying price of the property.
What is a Jointly-owned property in Dubai?
Jointly-owned properties are held in the name of two or more persons. Moreover, you can learn the jointly-owned property laws in Dubai.
These were all the details about the partners division registration application. If you buy a property in Dubai which is jointly owned with other partners, you can divide the property and register them separately. Besides, learn about property ownership transfer fees and payment methods in Dubai.
Stay tuned to the dubizzle property blog and learn more about different real estate registration processes in the UAE.
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