Dubai is a bustling Emirate, well-known for its skyscrapers and booming business opportunities. As the business grows in the Emirate, many investors want to invest in the Emirate’s industrial and commercial growth. That said, investors or companies require ownership when buying land granted for industrial or commercial use.
Dubai Land Department (DLD), the real estate regulatory and development authority, has a service where people can register their industrial and commercial uses. Let’s go through the complete details of this service.
How to Request Ownership of Gifted Lands
According to the Law Number (4) of 2010, people can request freehold ownership of the lands granted for commercial and industrial purposes. The process is very brief. Applicants can visit DLD’s service centres and complete all the requirements to obtain a title deed and map of the land.
Here are all the requirements, detailed process, required fees and payment methods.
Required Documents
The applicants must submit the following required documents when requesting to own a gifted land and obtain freehold ownership of the lands gifted for commercial and industrial use.
- Copy of the recent Dubai Municipality map
- Land valuation certificate (Obtained from requesting property valuation in Dubai)
- Emirate ID card of the owners
- A proof of acquisition (In case of land acquisition)
After completing the list of documents, applicants must follow the detailed process for requesting to own gifted lands for commercial and industrial use.
Process of Request to Own Gifted Lands
Here’s the step-by-step process of requesting to own gifted lands for commercial and industrial purposes:
- Visit the Customer Happiness Centre in Dubai Land Department’s main office
- Submit the documents listed above to the DLD’s employee and wait for the employee to verify your documents
- Get the transaction data entered by the DLD’s employee
- Pay the required fees and receive a payment receipt
- Front row employee will verify all the documents and fee payment
Applicants will receive an email with a title deed and map after completing the process for a request to own gifted lands for industrial and commercial uses.
Fees
Applicants must pay the following fees for a request to own gifted lands for industrial and commercial uses:
- 30% of the market value of land or plot in case the applicant is a beneficiary
- 50% of the land plot market value in case the applicant is a possessor
- Title Deed of AED 250
- Land Map Fees of AED 100 for lands that are not subject to the authority of Dubai Municipality
- Land Map Fees of AED 325 for the unified map with Dubai Municipality
- Commercial apartment and villa map fees of AED 250
- AED 10 Knowledge and Innovation Fees included with each fees type
Payment Methods
Applicants can pay the fees using the following payment gateways when requesting ownership of gifted lands:
- Cash
- Cheque
- Debit or Credit Card
- ePay
After completing the process and paying the required fees, you can obtain a title deed and map after fulfilling the requirements for the request to own gifted lands for industrial and commercial uses in Dubai. Besides, you can choose to rent a commercial property in Dubai with all approvals from DLD.
Stay tuned to the dubizzle real estate blog to learn more about the processes and requirements to register properties and contracts in the UAE.
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