RENT TO OWN (IJARAH) SERVICES

OurServices

Real EstateRegistration

DubaiReal Estate

InstituteE-Systems

Real EstateInvestment

Managementand Promotion

Center

TenancySector

RentalDisputesCenter

Real EstateRegulation

Marketing and Corporate Communications Department Planning and Institutional Development Department

Dubai Land Department@Land_DepartmentLandDptDubai@Land_Departmentدائرة األراضي واألمالك حكومة دبي

LandDepartmentDubaiGovernment

Tel.: 600555556 E-mail: info@dubailand.gov.ae Website: www.dubailand.gov.ae

Vision:To position Dubai as

the world’s first real estatedestination as to innovation,

trust and happiness

Mission:To create an innovative and

sustainable real estate environment that will promote Dubai as the world’s happiest city through:

Smart servicesProfessional human and

financial resourcesIntegrated real estate

legislation

4

Rent to Own (Ijarah) Services

Request for Registration of Rent to Own Contract 5

Request for Registration of Rent to Own Contract (Deferred Sale)

7

Request for Registration of Rent to Own Contract (Usufruct)

9

Request for Registration of Rent to Own Contract (Oqood)

11

Request for Rent to Own Contract 13

Request for Amendment of Deferred Rent to Own Contract

14

Request for Amendment of Rent to Own Contract (Usufruct)

15

Request for Amendment of Rent to Own Contract (Oqood)

16

Request for Transfer of Rent to Own Contract 17

Request for Transfer of Deferred Rent to Own Contract

18

Request for Transfer of Rent to Own Contract (Usufruct)

19

Request for Registration of Finance Lease Contract 20

Request for Amendment of Finance Lease Contract 22

Request for Termination of Finance Lease Contract 23

Request for Termination of Rent to Own Contract (Oqood)

24

5

Request for Registration of Rent to Own Contract

This service allows clients to apply to register a rent to own contract between a buyer of real property and financer under which payments are made by the buyer to the financer. At the end of the term of contract, the ownership of real property is transferred to the buyer.

The service is provided by the Department of Real Estate Registration Services –Registration Trustee Follow-up Section

Required Documents

1- Title Deed2- No Objection Certificate from the developer3- Deferred Sale Agreement4- Ijarah letter from the bank indicating the Ijarah amount and the start

and end dates5- Legible black and white copies of valid Passports or Emirates ID

cards of the Seller and Buyer • UAE Nationals (Citizen File Number + Copy of Nationality

Certificate)• Non-UAE nationals (A copy of the residence permit, the No

Objection Certificate or the passport)

Fees

1- Seller: 2% of the sale price2- Buyer: 2% of the sale price, in addition to the following:

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3- 250 Dirhams as Title Deed issuance fees4- Map Issuance Fees (based on the type of real property)5- 0.25% of the rent amount6- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Registration Fees • 4,000 Dirhams if the real estate property price equals or exceeds

500,000 Dirhams• 2,000 Dirhams if the real property price is less than 500,000

Dirhams

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

7

Request for Registration of Rent to Own Contract (Deferred Sale)

This service allows clients to apply to register a rent to own contract between a buyer of real property and financer under which payments are made by the buyer to the financer. At the end of the term of contract, the ownership of real property is transferred to the buyer.

Required Documents

1- Title Deed2- No Objection Certificate from the developer3- Deferred Sale Agreement4- Ijarah letter from the bank indicating the Ijarah amount and the start

and end dates5- Legible black and white copies of valid Passports or Emirates ID

cards of the Seller and Buyer• UAE Nationals (Citizen File Number + Copy of Nationality

Certificate)• Non-UAE nationals (A copy of the residence permit, No Objection

Certificate or passport)

Fees

1- Seller: 2% of the sale price2- Buyer: 2% of the sale price, in addition to the following :3- 0.25% of the rent amount4- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

8

Registration Fees• 4,000 Dirhams if the real estate property price equals or exceeds

500,000 Dirhams• 2,000 Dirhams if the real property price is less than 500,000

Dirhams

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

9

Request for Registration of Rent to Own Contract (Usufruct)

This service allows clients to apply to register a rent to own contract between a buyer of real property and financer under which payments are made by the buyer to the financer. At the end of the term of contract, the ownership of real property is transferred to the buyer.

Required Documents

1- Title Deed2- No Objection Certificate from the developer3- Sale Agreement4- Ijarah letter from the bank indicating the Ijarah amount and the start

and end dates5- Legible black and white copies of valid Passports or Emirates ID

cards of the Seller and Buyer• UAE Nationals (Citizen File Number + Copy of Nationality

Certificate)• Non-UAE nationals (A copy of the residence permit, No Objection

Certificate or passport)

Fees

1- Seller: 2% of the sale price2- Buyer: 2% of the sale price, in addition to the following :3- 250 Dirhams as Title Deed issuance fees4- Map Issuance Fees (based on the type of real property)

10

5- 0.25% of the rent amount6- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Registration Fees • 4,000 Dirhams if the real estate property price equals or exceeds

500,000 Dirhams• 2,000 Dirhams if the real property price is less than 500,000

Dirhams

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

11

Request for Registration of Rent to Own Contract (Oqood)

This service allows clients to apply to register a rent to own contract between a buyer of real property and financer under which payments are made by the buyer to the financer. At the end of the term of contract, the ownership of real property is transferred to the buyer.

Required Documents

1- Title Deed2- No Objection Certificate from the developer3- Sale Agreement4- Ijarah letter from the bank indicating the Ijarah amount and the start

and end dates5- Legible black and white copies of valid Passports or Emirates ID

cards of the Seller and Buyer• UAE Nationals (Citizen File Number + Copy of Nationality

Certificate)• Non-UAE nationals (A copy of the residence permit, No Objection

Certificate or passport)

Fees

1- Seller: 2% of the sale price2- Buyer: 2% of the sale price, in addition to the following :3- 0.25% of the rent amount4- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

12

Registration Fees • 4,000 Dirhams if the real estate property price equals or exceeds

500,000 Dirhams• 2,000 Dirhams if the real property price is less than 500,000

Dirhams

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

13

Request for Rent to Own Contract

This service allows clients to apply to register the amendment of a rent to own contract by extending the term of the original contract under mutual agreement of the parties.

The service is provided by the Department of Real Estate Registration Services –Registration Trustee Follow-up Section

Required Documents

1- Title Deed2- Map3- Copy of the Passport of the Buyer (Tenant)4- Letter from the financer (bank)

Fees

1- 1,000 Dirhams as Extension Registration Fees 2- 250 Dirhams as Title Deed issuance fees3- Map Issuance Fees (based on the type of real property)4- 0.25% of the rent increase value5- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

14

Request for Amendment of Deferred Rent to Own Contract

This service allows clients to apply to register the amendment of a rent to own contract by extending the term of the original contract under mutual agreement of the parties.

Required Documents

1- Deferred Sale Contract2- Map3- Copy of the Passport of the Buyer (Tenant)4- Letter from the financer (bank)

Fees

1- 1,000 Dirhams as Extension Registration Fees 2- 0.25% of the rent increase value3- Knowledge Dirham Fee of 10 Dirhams (added to each fee)4- Innovation Dirham fees

Time Needed

25 - 30 minutes

15

Request for Amendment of Rent to Own Contract (Usufruct)

This service allows clients to apply to register the amendment of a rent to own contract by extending the term of the original contract under mutual agreement of the parties.

Required Documents

1- Title Deed2- Map3- Copy of the Passport of the Buyer (Tenant)4- Letter from the financer (bank)

Fees

1- 1,000 Dirhams as Extension Registration Fees 2- 250 Dirhams as Title Deed issuance fees 3- Map Issuance Fees (based on the type of real property)4- 0.25% of the value of transfer in case of increasing the rent5- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

16

Request for Amendment of Rent to Own Contract (Oqood)

This service allows clients to apply to register the amendment of a rent to own contract by extending the term of the original contract under mutual agreement of the parties.

Required Documents

1- Ijarah Contract2- Map3- Copy of the Passport of the Buyer (Tenant)4- Letter from the financer (bank)

Fees

1- 1,000 Dirhams as Extension Registration Fees 2- 0.25% of the rent increase value 3- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

17

Request for Transfer of Rent to Own Contract

This service allows clients to apply to register the transfer of a rent to own contract by transferring the lease from one party to another.

Required Documents

1- Title Deed 2- Certified letter from the lessor approving the transfer of Ijarah

Contract3- Certified letter from the new lessor (bank – financer)

Fees

1- 0.25% of the value of transfer 2- 250 Dirhams as Title Deed issuance fees 3- Map Issuance Fees (based on the type of real property)4- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

18

Request for Transfer of Deferred Rent to Own Contract

This service allows clients to apply to register the transfer of a rent to own contract by transferring the lease from one party to another.

Required Documents

1- Title Deed 2- Certified letter from the lessor approving the transfer of Ijarah

Contract3- Certified letter from the new lessor (bank – financer)

Fees

1- 0.25% of the value of transfer 2- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

19

Request for Transfer of Rent to Own Contract (Usufruct)

This service allows clients to apply to register the transfer of a rent to own contract by transferring the lease from one party to another.

Required Documents

1- Title Deed2- Certified letter from the lessor approving the transfer of Ijarah

Contract3- Certified letter from the new lessor (bank – financer)

Fees

1- 0.25% of the value of transfer 2- 250 Dirhams as Title Deed issuance fees 3- Map Issuance Fees (based on the type of real property)4- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

20

Request for Registration of Finance Lease Contract

This service allows clients to apply to register a finance lease contract between an owner of real property and a financer (bank) under which the owner obtains finance in return for assigning the ownership of land and leasing this land again from the bank pursuant to the terms of contract.

Required Documents

1- Original Title Deed2- Letter from the financer, and attendance of the bank representative3- Attendance of the owner in person or attendance of his attorney.4- In the event of attendance of the owner’s attorney, he must submit

the Original Power of Attorney attested by the court. If the Power of Attorney is issued outside of the UAE, it must be attested by the Ministry of Foreign Affairs and the UAE embassy in the relevant country, and must be accompanied by the legal translation into Arabic.

5- The validity of the Power of Attorney may not exceed two years.6- Contract may not be registered if the land is granted.

Fees

1- 0.25% of the finance value2- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

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Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

22

Request for Amendment of Finance Lease Contract

This service allows clients to apply to register the modification of the details of a finance lease contract, including the extension or reduction of the term of contract or modification of any other details of the contract or registration entries.

Required Documents

1- Original Title Deed 2- Letter from the financer approving the modification3- Finance Lease Contract

Fees

1- 1,000 Dirhams2- 0.25% as fees for modification of the details of finance lease contract3- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes

23

Request for Termination of Finance Lease Contract

This service allows clients to apply to register the termination of a finance lease contract.

Required Documents

1- Original Title Deed 2- Letter from the financer approving the termination of the Finance

Lease Contract 3- Finance Lease Contract

Fees

1- Map Issuance Fee(based on the type of real property)2- 250 Dirhams per Title Deed 3- Knowledge Dirham Fee of 10 Dirhams (added to each fee) 4- Innovation Dirham fees

Time Needed

25 - 30 minutes

24

Request for Termination of Rent to Own Contract (Oqood)

This service allows clients to apply to register the termination of a rent to own contract with the Land Department upon the lapse of the term agreed upon by the parties.

All real property owners and financial institutions are eligible to apply for this service.

Required Documents

1- Oqood Contract 2- Letter stating the termination of contract3- Copy of valid Passport of the owner

Fees

1- 1,000 Dirhams upon expiry of the term of Ijarah or termination of the Ijarah contract by mutual agreement

2- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams Innovation Dirham fees

Time Needed

25 - 30 minutes