Transfer Your Property with Confidence
Property gifting in Dubai has become increasingly popular due to the significant benefit of paying a nominal 0.125% gift-transfer fee, making it an attractive and cost-effective method for transferring property ownership. This exemption provides residents with a unique opportunity to reduce costs while securing property for family members or loved ones.
At STF Consultancy, we offer expert legal support in property gifting, guiding you through the process with personalized advice to ensure a smooth and efficient transfer. Our team is dedicated to providing a hassle-free experience, helping you navigate every step of the process with ease.
What is Property Gifting?
Property gifting is the transfer of property ownership from one person to another without monetary exchange, often used to pass assets to family members or loved ones. This transfer is usually formalized through a gift deed, legally transferring ownership. It can be done during one’s lifetime or as part of an estate plan.
- Property gifting can have tax implications, so legal or financial consultation is recommended.
- It is a popular method for transferring assets within families, ensuring smoother inheritance.
Gifting Property Process Steps
Title Deed
The first step in gifting property is to obtain the original title deed from the Dubai Land Department (DLD).
No Objection Certificate
The next step is to obtain a no objection certificate (NOC) from the developer or master developer, if the property is located in a master community.
Transfer Charges
In property gifting, there is 0.125% transfer fees payable to the Dubai Land Department (DLD), making it a cost-effective way to transfer ownership. Additionally, the process involves minimal administrative costs, ensuring a smoother and more affordable transfer of property.
Title Transfer
The final step is to transfer the title deed to the new owner through the DLD’s online portal or in person at one of their service centers.
