Granted Property in Dubai: An Unexpected Gateway to Luxury Living

A granted property is any piece of real estate gifted by a high-ranking UAE official, including His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Prime Minister or a ruler, to a UAE national at no expense. One can use this grant for residential, commercial, and industrial purposes, subject to the authority’s various restrictions. Granted property helps fulfill the leadership vision to watch citizens live respectable lives with ample industrial assets. Following the particular granted property registration process is mandatory, just like any ordinarily purchased building/ home.

The Dubai Land Department ensures that residents receive the granted property post-registration and allows various organisations to apply for the same land. Individuals can receive this grant after his highness approves the buildings’ grant map, and its validity is no more than two years from the date of issuance. Post 1996, residents could also avail of a mortgage on the granted land, which was strictly prohibited before. 

Mortgage For Granted Property in Dubai

The receiver of gifted land/ property can only be granted a mortgage from banks under these conditions:

• The money for residential units will used for investing in re-constructing, maintaining or doing renovations of the premises. 
• The mortgage amount for industrial and commercial land must align with the original reason for receiving the grant. 
• Register your mortgage with the Dubai Land Department (DLD), and the respective authorities will issue a construction license. 
• The owner must appear before the civil court in case of any issue. 
• Suppose the owner frauds anyone or the banking institutions by claiming to have received a mortgage for the granted property. In that case, DLD will auction the land, and a 30-day notice will be issued to rectify the situation. 

Why Should You Register Your Granted Property In Dubai?

Registering your granted property has been made mandatory by the government authorities for the following reasons: 

• Legal Protection 

Granted Property Registration ensures the ownership title of the property stays with you, protecting the property against any disputes or fraudulent claims. No third-party member, previous owner of the property, or even anyone from your family can claim ownership of the land/ home. This legal protection secures your investment and prevents you from paying huge legal fees. 

• Increasing The Property Value 

Registered properties have a higher value than unregistered land/ property, even with proper paperwork and proof of ownership by a government authority letter. Legal documentation is required to list your property for sale in Dubai’s dynamic real estate market, where amazing reselling and rental investment schemes are at the doorstep of every home.

• Government Schemes and Loans

Dubai government offers tax exemptions and incentives for homeowners registered with land/ property. These schemes and loans also help owners access loans and mortgages from banks by providing the granted property in Dubai as collateral and receiving money for renovations and expansion of the same land. 

• Protect The Owner From Boundary-Related Disputes and Ease of Property Transfer

Registering Dubai properties makes it easier to transfer ownership to someone within a couple of days and help record a line of inheritance. This process reduces legal complications that might take months to sort out and miss out on a high ROI opportunity. The registration process also requires assessing proper boundary lines of the property, preventing the owner from unlawful demolitions or fights with neighbours.

Important Documents Required For Registering A Granted Property in Dubai

Just like registering any normal land, registering a gifted property establishes the legal status of the land/ building. This generous act can soon turn sour if not registered under the right name, as stakeholders within the family can claim property ownership. The registration process is a systematic procedure that also ensures the overall selling power of the property.

The documents required for granted property registration in Dubai include:

• • The UAE ID of the receiver 
  • If the government transfers the property, you will need an entity letter 
  • Memorandum of Association/ Trade License for Businesses
  • Map of the granted plot along with an attested copy of the grant deed
  • No objection E-certificate provided by the Dubai REST for individuals 
  • Certified marriage certificate for married couples 
  • Proof of paternity for kids of married couples 
  • Passport copy and Legal Power of Attorney for Non-UAE Citizens 
  • Family booklet for UAE Citizens 
  • Authorisation letter for legal representatives

• Step-By-Step Process of Registering A Granted Property 

UAE nationals will have to complete the process of granted property registration in Dubai offline, and it might take 25 minutes to complete the entire procedure.

• • Reach the Customer Happiness Center of Dubai Land Department headquarters at your desired time between 7:30 am and 3:30 pm from Monday to Thursday. The timing shifts to  7:30 am– 12:00 pm every Friday.
  • The owner will submit the required documents to an employee at the desk, who will add the transaction details online.
  • The officials will audit the transaction, approve it, and inform the owner.

This service requires no transaction fee and is completely free, according to the DLD official website.

• Third Parties In The Granted Property Registration Process 

The granted property registration process includes third parties such as surveyors, notaries, and legal advisors. Other than that, the primary parties are as follows.

• • The Dubai Police 
  • Dubai Court 
  • Federal Authority for Identity and Citizenship

Signed, Sealed, Delivered: This Granted Property Is Officially Yours

Granted property registration is crucial in ensuring the legal ownership of the home/ land and protecting yourself from fraudulent legal cases. This one step, which hardly requires 25 minutes to complete, opens up ample future investment opportunities and makes property transfer much easier and less time-consuming. Owners who have received this land/ property at no expense can also access a mortgage via banking institutions, making it a win-win situation. Hence, one should register their granted property with the Dubai Land Department to receive all the incentives and tax exemptions of a legal property owner.

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