How can you gift your property in Dubai?

While Dubai’s real estate landscape is one of the easiest, and efficient markets in the world - from automated systems to instant transfers and record-shattering deals, there really isn’t much to be surprised about in the market.

But what if we told you that you could gift a property to someone?

Now, we don’t mean a last minute birthday gift or a present - we mean you can actually transfer ownership in a matter of hours without the hassle of buying or selling! Property gifting is a legal way of transferring ownership, and is common between families, first-degree relatives and spouses.

Let us break down just how you can gift your property in Dubai…

First things first: Who can you gift property to in Dubai?

In Dubai, there is no limitation to who you can gift or transfer your property to - it can be an individual, family member, spouse or a company even.

The legal owner and title deed holder will be able to transfer ownership of the property as they wish.

So, how do you go about gifting a property in Dubai?

It’s quite simple, you see - to gift a property or transfer ownership you simply need to follow these steps:

Get in touch with a lawyer: It's a good idea to reach out to a lawyer who specialises in property gifting in Dubai to make sure everything is done right.

Collect the required documents: The legal owner of the property should gather necessary documents such a;

• No objection certificate from the owner of the property
• Original title deed
• Emirates ID
• Power of attorney
• Momentum of Understanding (English and Arabic)
• Incumbency certificate
• Sales agreement

Register the gift: The next step is to register the gift (property) with the Dubai Land Department, and pay the fee of property registration.

Change of ownership: After registering the property into Dubai Land Department, the property ownership can be transferred to the recipient.

Are there any requirements you need to follow before transferring or gifting the property?

Yes, as gifting is limited by the land department - the requirements are:

• The property should be situated in Dubai.
• The gift must be given willingly and without any conditions.
• The recipient needs to agree to accept the gift.
• The gift has to be officially registered with the Dubai Land Department (DLD).
• The recipient is responsible for covering any fees related to the transfer of ownership.

Although, if you are giving the property to a family member, or spouse - you will have to provide an attested marriage or birth certificate.

Why should you gift your property in Dubai?

No money changes hands: Property gifting enables the transfer of ownership without any money involved, making it a more budget-friendly option for some.

Tax advantages: There are no taxes associated with property gifting in Dubai, offering a notable benefit.

Preventing inheritance conflicts: Property gifting can help prevent inheritance disputes since the property is transferred while the owner is alive.

Preserving family connections: Property gifting is a means of preserving family ties by passing down family property to the next generations.

Hope this guide helps!

If you are thinking about gifting a property, or planning to transfer - get in touch with our Head of Sales Progression; Jess Stephenson to know more!

And until then, if you are thinking of buying a property in Dubai, you can take a look at our live listings.