Administrative Decision No. (103) of 2014
Amending the Executive Regulations of Law No. (3) of 2005
Concerning the Regulation of Real Estate Registration in the Emirate of Abu Dhabi
Issued by the Chairman of the Department of Municipal Affairs' Decision No. (52/1) of 2008
The Chairman of the Department of Municipal Affairs:
- Having reviewed Law No. (1) of 1974 on the Reorganization of the Governmental Body in the Emirate of Abu Dhabi and its amendments.
- And Law No. (3) of 2005 concerning the Regulation of Real Estate Registration in the Emirate of Abu Dhabi and its Executive Regulations and their amendments.
- And Law No. (19) of 2005 on Real Estate Ownership and its amendments.
- And Law No. (10) of 2006 concerning the Municipality and Municipal Council of the Western Region in the Emirate of Abu Dhabi.
- And Law No. (9) of 2007 concerning the Establishment of the Department of Municipal Affairs.
- And Law No. (10) of 2007 concerning the Municipality and Municipal Council of Abu Dhabi City in the Emirate of Abu Dhabi.
- And Law No. (11) of 2007 concerning the Municipality and Municipal Council of Al Ain City in the Emirate of Abu Dhabi.
- And the Chairman of the Department of Municipal Affairs' Decision No. (52/1) of 2008 issuing the Executive Regulations of Law No. (3) of 2005 concerning Real Estate Registration in the Emirate of Abu Dhabi.
- And the Executive Committee's Decision No. (3 C 2012/15) regarding the executive summary on the World Bank's report on Doing Business in the United Arab Emirates 2012.
- And based on the requirements of the public interest.
Has decided the following:
Article (1)
Article (13) of the Executive Regulations of Law No. (3) of 2005 concerning the Regulation of Real Estate Registration in the Emirate of Abu Dhabi, issued by the Chairman of the Department of Municipal Affairs' Decision No. (52/1) of 2008, shall be amended to read as follows:
The sale and purchase of real estate shall be conducted in accordance with the following procedures and conditions:
1. The seller and buyer, or their legal representatives, shall appear before the Registrar to execute the contract.
2. The following documents shall be attached to the sale transaction:
a. The original title deed of the property to be sold.
b. A copy of the identity and nationality proof document for both the seller and the buyer.
c. In the case of a legal entity, the certificate of commercial registration, trade license, and official documents indicating the legal form and nationality shall be provided, and all documents must be valid according to regulations. The representative of a natural or legal person must provide a legally notarized power of attorney, as per regulations, authorizing them by the principal to dispose of the property subject to the sale contract.
3. If the valuation or assessment value of the property is 20% higher or 20% lower than the value of the approved real estate valuation or assessment index, the Registrar at the competent authority shall request the seller to obtain a valuation certificate for the property.
4. A financial receipt indicating the payment of the prescribed fees.
5. Three copies of the sale contract shall be issued, and the parties to the contract or their representatives shall sign before the notary.
6. A copy of the sale contract shall be delivered to both the seller and the buyer, and the third copy of the contract shall be kept in the real estate folio of the subject property.
7. The Department shall issue the title deed, approved by the Registrar or their authorized representative.
Article (2)
This decision shall be effective from the date of its issuance and shall be published in the Official Gazette.
|
Issued by us:
Date: 7 Rajab 1435 H
Corresponding to: 6 May 2014
|
Saeed Eid Al Ghafli
Chairman of the Department of Municipal Affairs
|