Questions & Answers
Sale of a property and completing the transactions of transfer
Can the following transaction(s) be done amongst the buyer/seller through the developer and Dubai Land Department in ONE ( 1 ) DAY?
1- Balance payment paid to the developer against the property.
2- NOC charges paid to the developer for property registration in Dubai Land Department.
3- PoA sold the same property to a new buyer on the same date.
4- Developer issued property registration letter to Dubai Land Department in favour of the new buyer.
5- New buyer paid Oqood, ERES, property registration charges on the same date.
6- Intial contract of sale issued to the new buyer by Dubai Land Department on the same date.
7- Transfer of ownership of the same property done by Dubai Land Department from legal heirs of the deceased to the new buyer on the same date.
8- Property Registration Letter of depicting that the deceased legal heirs sold it on the same date.
9- Passport of the Attorney was expired ( so how come these transactions can be honored legally as per Dubai real estate laws )?
After going through the questions, it has been noticed that the property needs to be transferred to the buyer.
The transfer of property can be carried out as early as possible if the documents are in order.
We need to see the documents to advise you better.
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