The real estate sector in Dubai and UAE is a highly profitable industry for both local and international investors. The real estate market expansion in Dubai has been remarkable, as it is one of the hottest property markets in the world right now. Each Emirate in the UAE has designated authorities responsible for ensuring the smooth functioning of real estate operations.
In Dubai, it is the Dubai Land Department (DLD) that plays a pivotal role in overseeing all real estate transactions within the Emirate. Today, we are going to talk about property exchange in Dubai. DLD facilitates the transfer of land ownership upon presentation of a letter from the Dubai Municipality.
However, navigating the process of requesting a property exchange in Dubai can be daunting for newcomers. Therefore, to assist with registration, here is a detailed guide on how to request property exchange in Dubai.
How to Request Property Exchange in Dubai?
The service enables customers to apply for property exchange, facilitating the transfer of ownership for granted properties with a letter from the Dubai Municipality. Eligibility for this service is open to all property owners in Dubai.
Here is everything you should know to request a property exchange in Dubai.
Service Procedure to Request Property Exchange Dubai
Registering for the service requires you to go through the following steps.
- Go to the Customer Happiness Centre located in the main office of the DLD.
- Submit all necessary documents.
- The system will process and enter the transaction data.
- Pay the service fees and obtain a payment receipt.
- Once the transaction is verified, you will receive an email with a link to access the Title deed and map.
The entire process typically takes about 25 minutes to complete.
Documents Needed to Request Property Exchange in Dubai
Following are the documents needed for this service.
- An exchange approval letter from Dubai Municipality
- Owner’s Emirates ID
Property Exchange in Dubai Fees
The fees for requesting a property exchange in Dubai are mentioned below.
- Villa map fee: AED 250/-
- Apart map fee: AED 250/-
- For every title deed: AED 250/-
- The fee for the land map is AED 100/- for areas outside Dubai Municipality’s jurisdiction
- For the unified map with Dubai Municipality, the fee is AED 325/-
- Innovation fee: AED 10/-
- Knowledge fee: AED 10/-
Payment Methods to Submit Dubai Property Exchange Request Fee
You can easily pay the above-mentioned fee via the following methods.
- Credit card
- Debit card
- ePay
- Cheque
- Cash
Summing it up
That was the process for requesting a property exchange in Dubai. One of the best ways for newcomers to avoid trouble is to consult registered real estate brokers like Orchid Homes Real Estate Dubai.