Real Estate Donation
In the UAE, it is possible to gift property to first-degree relatives — children, parents and spouses.
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Obtaining a title certificate for the new owner
Real estate donation is a very common practice. Its main advantage is the exemption from the 4% duty that is charged in the UAE for all transactions related to the transfer of ownership.
Any transfer of property between relatives can be considered a non-compensatory gift. Property can be gifted to first-degree relatives — children, parents and spouses. The owner can also transfer property to a company and vice versa.
At first glance, everything seems simple, but in practice, you may encounter difficulties — you need to collect and correctly prepare numerous documents, consider all nuances, etc. There may also be complications if at least one of the parties cannot be present at all necessary procedures.
METROPOLITAN CONSULTING experts will accompany you throughout the entire process of real estate donation — with our support, it will proceed as quickly and easily for you as possible.