When it comes to selling or buying a home, the title deed is one of the most crucial documents. Not only that, but you’ll have to produce a copy of your property for the procedures if you plan to rent it out. This document establishes property ownership and is one of the most crucial phases in the home-buying process.
It is a must-have whether you are renting or purchasing a property in Dubai. You’ll need it at every turn, for example: Ejari registration and utilities
Obtaining a move-in permission from the developer or a No Objection Certificate for resale utility and service charge clearance certificate or mortgage application
In simple terms, a deed is used to transfer ownership from one person to another. A legal document proving ownership of an object or property is known as a title. It is transferred to your name, indicating that you are the legal owner of the property. In the context of real estate, the title denotes property ownership, suggesting that you have the legal right to utilize the property. A specific set of rights to an asset is granted to the holder – subject to a few limitations.
What is the difference between a property and a title deed?
When purchasing a home, you will be bombarded with real-estate jargon. Property Deeds and Titles are often confused by those who are unfamiliar with the terms. They are, nevertheless, two distinct legal ideas. Simply said, when you fully own a property, you have both the Deed and the Title. However, a Title differs from a Deed in some ways. If you don’t know what you’re doing, you can get confused and have troubles.
The following items are included in a title deed:
- Property description — the property’s boundaries, exact location, and size.
- The legal owner(s) of the property’s name and identification number. On the title deed, more than one owner can be stated.
- The property’s most recent transfer date.
- The property’s buying price (if it was bought from another person).
- Factors that may stymie the property’s sale.
- Factors that may limit your ability to acquire a home.
The Deeds Registry Office seal is used to show that the deed has been recorded in the owner’s name and date.
The Importance of Title Deed Authenticity:
Real estate is a flourishing industry in Dubai, and it is one of the main drivers of increased investment in our economy. As a result, in addition to having a sharp eye for the perfect opportunity at the right time, you must be careful with the documentation.
Investing necessitates awareness and careful consideration of where you put your effort, time, and, of course, money. You must ensure that the proof of ownership is in order, such as the title deed for completed properties and Oqood for off-plan properties. Consider this a requirement before depositing the security deposit amount. You must be assured that the documents are authentic, and that the property is clear of any court cases or legal obstacles.
On the one hand, real estate can be quite profitable, but it can also be extremely hazardous. As a result, make sure you’re aware of any warning indications that point to an investment scam.
The Dubai Land Department (DLD) will be of great service to you in this regard. It has become more easier for anyone to inspect and validate the authenticity of the Title Deed in this manner. The idea is to increase transparency while adhering to professional norms.
Checking a Title Deed: A Step-by-Step Guide:
- To begin, go to the app store on your mobile device and download Dubai Rest, or go to www.dubailand.gov.ae.
- Select the Title Deed Verification option from the Dubai Rest or DLD website’s homepage.
- On the title deed, you must provide the following information:
- The Certificate Number can be found beneath the title deed’s barcode or QR code. Find the Contract Number for Oqood.
- The year of the certificate can be seen beneath the barcode or QR code of the title Deed. Find the contract year for Oqood.
- Select a property type: land, unit, or villa.
- Name of the Owner.