The Dubai Land Department plays a vital role in facilitating a smooth transaction for both parties involved. Their support through property blocking not only helps protect the buyer’s investment but also ensures that the seller’s mortgage is paid off and the property is transferred legally. This process helps to eliminate any potential risks or disputes that could arise during or after the transaction, making it a more secure and reliable investment option for buyers.
Moreover, the property blocking process helps in saving time and effort for the involved parties. It streamlines the transaction process by eliminating the need for multiple transfers and the involvement of intermediaries, reducing the time and cost of the transaction. It is also an effective way to avoid any undue delays or complications that may be caused by any legal issues related to the property.
The support of the Dubai Land Department through property blocking in secondary sales transactions provides a secure investment option for buyers, ensuring a smooth and efficient transaction process for all parties involved.
DOCUMENTS REQUIRED
- Original passport, visa, Emirates ID
- No Objection Certificate (NOC) from Developer.
- MOU Sale agreement form (F).
- Updated copy of title deed, Initial contract
- Liability letter from bank addressed to Dubai Land Department (In Arabic)
- One cheque on the name of bank in the debt amount.
- One cheque on the name of seller of remaining amount.
In conclusion, property blocking in secondary sales transactions is an essential tool in ensuring a secure and efficient transaction process in the Dubai real estate market. The support of the Dubai Land Department plays a vital role in facilitating the process, protecting both the buyer’s and seller’s investments, and providing assurance to all parties involved. As a result, property investors can invest their money in the Dubai real estate market with confidence, knowing that their investment is legally and financially secure.
Indeed, our expertise will be guiding you through the entire process from assessing your deal and ensuring that you have all your documentation in place and all the way up to gaining approvals from the authorities in the Dubai Land Department to complete the Property Blocking and transfer.