RERA Property Registration & Title Deeds 2

Question 1

What is the difference between a primary and secondary market transaction in Dubai real estate?

Accepted Answer

Primary market: buying directly from a developer (new or off-plan); Secondary market: buying from an existing owner (resale)

Answer

Primary market transactions involve buying directly from the developer, often off-plan or at launch. Secondary (resale) market transactions involve buying from an existing owner. Different fees, processes, and documentation apply. Brokers work in both markets but must understand the different procedures.

Question 2

What fee does DLD charge for a property valuation certificate?

Accepted Answer

AED 4,000 plus VAT for standard valuation

Answer

DLD charges approximately AED 4,000 (subject to change) for an official valuation certificate. DLD valuations are used for mortgage approvals, divorce settlements, inheritance cases, and other legal purposes where an official government-issued valuation is required.

Question 3

Which DLD service allows parties to verify the authenticity of a title deed online?

Accepted Answer

DLD's smart app and website title deed verification service

Answer

DLD provides a digital title deed verification service through its Smart App and website (dubailand.gov.ae). Buyers, brokers, and banks can verify that a presented title deed is authentic, current, and free of encumbrances before proceeding with a transaction.

Question 4

What is a 'block registration' in Dubai real estate?

Accepted Answer

Registration of all units in a development collectively, commonly used for off-plan bulk sales between developer and a master developer

Answer

Block registration allows a developer to register multiple units in a single transaction, often used for bulk sales to investors or in master developer relationships. DLD's Oqood system facilitates this for off-plan developments, reducing administrative burden for large transactions.

Question 5

What document does DLD issue for off-plan property purchases before the project is completed?

Accepted Answer

Oqood Certificate (Initial Sale Registration Certificate)

Answer

When an off-plan property is purchased and registered in the Oqood system, DLD issues an Oqood Certificate (also called the Initial Sale Registration Certificate). This is the buyer's proof of purchase and registration until the project completes and a full title deed is issued.

RERA Broker Practice Test

RERA Broker Practice Test

RERA Property Registration & Title Deeds 2