Are you considering investing in Dubai’s real estate or about to make a property transaction? If yes, you’ll want to be familiar with the concept of ‘Taqeemi’ and more about Taqeemi Certificates in Dubai. This service, provided by the Dubai Land Department, offers a check on the authenticity of your property valuation certificates. As per the DLD website, Taqeemi adds an extra layer of security to your investments. In this blog, we’ll guide you through the verification process. We’ll provide insights into how Taqeemi brings trust and transparency to Dubai’s property market. Read this blog as we look at this important resource for property buyers and sellers.
An Overview of Taqeemi Certificates in Dubai
Taqeemi refers to a property valuation certificate granted by real estate evaluation firms authorized by the Dubai Land Department (DLD). These Taqeemi certificates in Dubai are a prerequisite for conducting various property-related transactions in Dubai, such as purchases, sales, or mortgages.
The DLD’s introduction of Taqeemi certification aims to improve transparency and equity within the real estate sector. It offers an impartial and precise estimation of a property’s market worth. Furthermore, banks commonly request Taqeemi certificates in Dubai as part of their risk assessment process when financing property acquisitions.
Obtaining a Taqeemi Certification in Dubai
The process to obtain Taqeemi certificates in Dubai is straightforward. Begin by applying for the certificate through a DLD-licensed real estate evaluation company. Provide the evaluator with essential details about your property, including its location, size, and type. The evaluator will then inspect your property and issue you a Taqeemi certificate.
Procedure for Acquiring a Taqeemi Certificates in Dubai by DLD
Securing a Taqeemi certificate is accessible via the DLD website or the Dubai Rest app, following these steps:
- Step 1: Select “Information Services” and then the required service.
- Step 2: Click on “Go to Service.”
- Step 3: Submit the required information and click “Verify.”
The certificate is issued instantly and available to all Dubai residency status holders upon submission. To verify the certificate, navigate to the DLD website’s e-services, select “verification of Taqeemi certificate,” and enter the certificate number and the evaluator’s name.
What’s the Process for Taqeemi Certificate Verification in Dubai?
Verifying a Taqeemi certificate’s authenticity can be done through the DLD website or Dubai REST app by entering the certificate number and evaluator’s name. The DLD confirms the certificate’s genuineness.
Step-by-Step Guide to Verify Taqeemi Certification:
- Visit the DLD official website.
- Hover over the ‘Services’ tab and choose ‘All Services.’
- Look for ‘Information Services’ and select ‘Verification of Taqeemi Certificate.’
- Click ‘Access this Service,’ enter the certificate number and evaluator’s name, and press ‘Verify.’
Advantages of Verifying Property Certificates in Dubai
Verifying property certificates like the Taqeemi offers numerous advantages, improving transparency, security, and confidence in real estate transactions. The benefits of Taqeemi certificates in Dubai include legal compliance, fraud prevention, risk mitigation, trust building, transaction streamlining, investor confidence boosting, market credibility improvement, aiding in dispute resolution, improving record-keeping, and maintaining government accountability.
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Frequently Asked Questions (FAQ’s)
The Taqeemi Certificate in Dubai is an official document that confirms a property's value, as assessed by real estate evaluation firms approved by the DLD website.
Ans. DLD-licensed real estate evaluators verify a Taqeemi Certificate, which is crucial for establishing the trustworthiness and reliability of all parties involved in property transactions.
While property evaluation, or appraisal, can vary based on the evaluator's personal views and the specific purpose of the appraisal, making it somewhat subjective, property valuation is notably objective and detailed, based on concrete data and evidence. The Taqeemi certificate involves evaluations by DLD-authorised companies, ensuring properties are assessed accurately.
The cost of verifying a Taqeemi Certification can vary depending on several factors, including the property type and the specific requirements of the verification process. It's advisable to consult directly with the Dubai Land Department (DLD) or an authorised real estate evaluation company for the most accurate and up-to-date pricing information.
If you're purchasing a home for the first time in Dubai, we're here to assist with any questions. Feel free to reach out for guidance, from understanding the property buying process to obtaining and verifying Taqeemi Certifications. We recommend familiarising yourself with the DLD's regulations and considering professional advice from real estate experts to make your home-buying experience as smooth and informed as possible. What is a Taqeemi Certificate in Dubai?
What is the importance of verifying a Taqeemi certificate in Dubai?
What is the difference between property evaluation and property valuation?
What is the cost of verifying Taqeemi certification?
I am buying a home in Dubai for the first time. Can you help me with my queries?
