Fact Sheet REQUIREMENTS For TRANSFER on SUCCESSION -----------------------------------------------------------------------------------------------------------------------------------------ELIGIBILITY: o Transfer on Succession is to be ruled by UAE Property Law and Sharia Law o If incomplete property - Pre/Post registration at Land Dept. is to be completed o If completed property – NOC for Transfer is to be applied o The property has to be registered in the names of heirs first and only later can be transferred to another party. o Fully paid Service Fees for the current year o All due payments are cleared DOCUMENTS REQUIRED: o Attested Death Certificate o Attested Succession Certificate (listing all heirs) o Written instruction from the heirs as to who will be the first named owner on the Contract o Original Sale Agreement/ Original Title Deed o Valid Original Passport Optional (whenever applicable): o Power of Attorney (see conditions of P.O.A.) o Financial Institution Consent Letter – if property is mortgaged o Attested Guardian Certificate (if any heirs below 21 years) FEES: (for incomplete and not fully paid properties) o AED 3000/- Administrative fee (for completed and fully paid properties – NOC for Transfer to be applied) o AED 1500/- (for Normal processing: within 4-5 working days) o AED 5000/- (for Urgent processing: within 2 working days) o Applicable fees for transfer are payable to Land Dept. after obtaining NOC Optional (whenever applicable): o Renewal Fees for expired NOC:  AED 1500/- (for Normal processing – within 4-5 working days)  AED 5000/- (for Urgent processing – within 2 working days) VALIDITY: NOC is valid for 15 days from issuance date; once expired, new application for NOC is required. POWER OF ATTORNEY (POA) as required by Land Dept. (optional - if customer is unavailable for the transaction) Power of Attorney (POA) duly notarized by UAE Court if you are living overseas, the POA to be notarized by the UAE Embassy and Department of Foreign Affairs in the UAE or the POA to be notarized and attested by the respective Consulate/ Embassy in UAE from where the POA was originally issued and then attested by the Department of Foreign Affairs in the UAE. The Attorney should carry a copy of passport as per the POA and his original passport along with the original POA. English POA should be legally translated in Arabic and it should clearly mention that the authorized representative has the authority to transact “the” specific property or “any” property. NOTES: o Valid passport should be presented at all times. o If property is on joint names, it does not by default remain on the other owner’s name if one of the owners died. o If payment is due within one (1) month of transfer and no bank finance, the Buyer to provide Banker/Manager’s Cheque for the next installment. o Visa to be cancelled (for the deceased – if applicable) o Transfer is subject to approval by the Land Dept. rules and regulations. o Land Registration is mandatory for all NOC applications. o All fees paid are NON-REFUNDABLE. o Requirement for system update after transferee receives new Oqood/Deed from the Land Department. o The policy and procedure may change without prior notice. Pls. contact 800 wasl (9275) for updates. -----------------------------------------------------------------------------------------------------------------------------------------For queries, please contact: wasl properties LLC P.O. Box 23073, Dubai Tel.: 800 wasl (9275) Tel.: +971 4 3986666 Fax: +971 4 3511951 Email: [email protected] or [email protected] Web: www.waslproperties.com Location: HEAD OFFICE: Mankhool Street, Bur Dubai Office Timings: 8:00am – 4:00pm (from Sundays to Thursdays) SALES CENTER: Hyatt Regency Creek Heights Residences Bldg. Office Timings: 9:00am – 5:00pm (from Saturdays to Thursdays) Updated: January, 2015