This service enables customers to apply for the registration of a real estate sale transaction (full or partial)between the seller and the buyer, or their legal representatives. It involves the purchase of a property or real estate unit and the issuance of a title transfer document based on the contract details, after verifying the eligibility of both parties and ensuring that there are no legal impediments to transferring ownership of the property.
How Long Will It Take? 3 working days
What Will You Get? Title Deed
How Do You Apply?
The customer must bring all the documents to the Customer Happiness Center, and the service employee will check them, and then the sale contract will be drafted, which will be signed by the concerned parties. The service fees can be paid through the electronic payment machines available at the Customer Happiness Center or through the mRAK smart application, and receive the original title deed from the Customer Happiness Center.
How Much Will You Pay?
2% Seller Percentage | 2% of the market value of the property on the seller | ||
2% Buyer Percentage | 2% of the market value of the property on the buyer | ||
Scheme Issuance Fees | AED 200 plan issuance fee | ||
Farmland | 18 fils per square foot | ||
Warehouses & Warehouses | Fee-free |
What Documents Do You Need?
# | Document | Detail |
|---|---|---|
1 | Emirates ID | Emirates ID for Seller and Buyer |
2 | Agency | Power of attorney in case of the presence of a representative of the seller or the buyer in a legal capacity |
3 | Original title deed | |
4 | No objection message | No objection letter from the real estate developer in case of freehold sales |
5 | Memorandum of Association | In the case of the seller or buyer of a company, with a statement of authorized signatories |
6 | Copy of the trade license | In the case of a seller or a buyer of a company |
What Terms and Limitations Apply?
Terms :
The guardian's permission must be obtained from the Shari'a judge to dispose of the minor's property.
If one of the parties is an institution or a company, the company's memorandum of association, articles of association and a certificate from the government entity must be attached to the statement of the authorized signatory (original/photocopy) and translated into Arabic if necessary.
Renew the scheme in case the number nine is not included or there are any denominations on the Parcel.
UAE and non-Emirati customers are entitled to own property in freehold areas.
Services Link
Note: This service is only provided through Customer Happiness Center.
FAQ
What is the purpose of this service?
This service enables customers to apply for the registration of a real estate sale transaction between the seller and the buyer, or their legal representatives.
How long does the registration process take?
The registration process takes 3 working days.
What document will I receive after the transaction is completed?
You will receive a Title Deed.
What documents are required to apply for this service?
You need to provide Emirates ID for both seller and buyer, a power of attorney if applicable, the original title deed, a no objection message from the real estate developer for freehold sales, a memorandum of association if applicable, and a copy of the trade license if applicable.
What are the fees associated with this service?
The fees include 2% of the market value of the property from both the seller and buyer, a plan issuance fee of AED 200, and 18 fils per square foot for farmland.
What are the freehold areas in Ras Al Khaimah?
The freehold areas in Ras Al Khaimah include: Al Hamra Village, Mina Al Arab, Al Marjan Island, RAK Central, Julphar Towers, Al Maareedh (Plots), and the upcoming Beach District.