Dubai real estate is one of the hottest property markets in the world right now. Apart from the benefits of investing in Dubai real estate, such as no taxation, high rental, and property appreciation, the real estate regulations in Dubai and UAE are spot on.
From credit report to sale-purchase-agreement, real estate contracts in Dubai are fully documented. However, one of the less-known but highly important documents includes a detailed real estate statement application in Dubai.
Is this a new term for you? Here is everything you need to know about the detailed real estate statement application in Dubai.
What is a Detailed Real Estate Statement Application in Dubai?
A real estate statement application in Dubai is a formal document that consists of different details, including
- Mortgage information
- Data related to the project
- Data related to the owner
- Suspension details
The details of the real estate statement applications may differ depending on the customers’ applications. It is important to note that this statement is valid only for one property. What’s more, individuals can present it as an authentic tool in real estate transactions.
How to Apply for Detailed Real Estate Application Statement Application in Dubai?
One of the easiest ways to get the statement is using services from DLD (Dubai Land Department). Here is what you need to know about the real estate application statement application in the Dubai process.
1. Documents Required
The documents required for this purpose are different for individuals and companies.
- Individuals should provide the UAE Identity Card.
- For a company, a trade license and an official letter from the company are required.
2. Service Charges
Applicants have the option to seek this service via the Real Estate Services trustee Centres. The required fee for application is AED 120, accompanied by an additional service partner fee of AED 50.
Furthermore, individuals can also use either the Dubai Rest app or access the DLD website for the application process. The service fee for the real estate statement application for one property is AED 70.
3. Service Procedure
There are two ways to apply for the real estate statement application.
a) Through a service center
Following are the steps to apply via the service center.
- The applicant can go to service centers, real estate trustee centers, or DLD headquarters.
- The applicant provides their UAE identity to the staff at the service center.
- The staff then enters the transaction information into the system, ensuring it undergoes approval and audit processes.
- After that, the customer makes the payment (service fee) and obtains a receipt.
- The e-certificate is subsequently sent to the applicant via email.
b) Through Rest App or DLD Website
- If the applicant is a new user, they should sign up for an account.
- If the applicant already has an account, they can log in and go to the “user type” section.
- Then, go to the service tab, choose the service, and enter the required details.
- Opt for the available payment method and complete the fee payment process.
- Upon completion, customers will receive the relevant documents online.
4. Payment Methods
Currently, there are three payment options available for the applicants.
- ePay
- Credit card
- Cash
5. Service Channels
Service channels are different for businesses and individuals.
For companies/Businesses
- Real Estate Services trustee Centres
For Individuals
- Dubai Rest App
- DLD Website
6. Documents Issued to Applicants
The applicants should make sure they receive the following documents.
- An approved (and verified) detailed real estate e-statement
- An approved e-receipt voucher
The process to get the statement only takes 10-15 minutes.
Summing it up
So, here is a step-by-step guide on how to obtain a real estate statement application in Dubai. This statement is an important document in different types of real estate transactions in Dubai.
If you need more assistance regarding the application or your real estate needs in Dubai, feel free to reach us.
