EPISODE - 03

The Conveyance Desk by The Conveyance Desk

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Welcome back to The Conveyance Desk.

In our previous discussion, we covered off-plan resale transactions. Today, we look at one of the most misunderstood property transfer routes in Dubai: the Hiba transfer, commonly known as a property gift transfer between eligible family members.

A Hiba transfer allows ownership of a property to move from one person to another without a sale taking place and without any purchase price being paid. The transfer is registered through the Dubai Land Department, and a new title deed is issued in the recipient's name.

Unlike a standard property sale, which attracts a 4% DLD transfer fee, eligible Hiba transfers benefit from a significantly reduced fee of 0.125% of the assessed property value, subject to applicable minimums and administrative charges.

The key requirement is eligibility.

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Keywords
Conveyancing DubaiDubai Property TransferDubai Land DepartmentProperty Transfer ProcessDeveloper NOC DubaiDubai Real Estate TransactionsTrustee Office DubaiMortgage Property TransferDubai Conveyancing ServicesProperty Registration Dubai
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