Property Gifting in Dubai: Everything You Need to Understand
Holo Blog
Holo Blog
Buying a property in Dubai can be a complicated process, and there are many things to consider. One option to consider when buying a property is property gifting. Property gifting is a legal way to transfer ownership of a property from one person to another without any exchange of money. In this article, we will discuss everything you need to know about property gifting in Dubai.
Property gifting is a legal transfer of property ownership without any exchange of money. This is a popular option for parents who want to gift a property to their children, or for spouses who want to gift a property to their partners. Property gifting can also be used as a way to transfer property ownership to family members or friends.
In Dubai, anyone who is the legal owner of a property can gift it to another person. This includes both individuals and companies. The legal owner of the property must be the title deed holder and be able to transfer ownership of the property.
To gift a property in Dubai, certain requirements must be met. These requirements include:
In the instance of gifting a property to a family member or spouse, you may be asked to provide attested certificates of birth or marriage.
There are several benefits to property gifting in Dubai. These benefits include:
To gift a property in Dubai, follow these steps:
Property gifting can be a useful tool when transferring ownership of a property in Dubai. It is important to follow the necessary steps and requirements to ensure the process is completed legally and correctly. If you are considering property gifting, it is recommended to consult with a lawyer who specializes in property gifting in Dubai.
Holo, a digital mortgage platform, can also assist with the mortgage aspect of buying a property in Dubai, helping you find the best mortgage deal within minutes for free.
Holo provides a comprehensive range of digital mortgage services and mortgage products. Using a digital mortgage calculator in Dubai will help you understand how much you could borrow if you wish to mortgage or re-finance a proper and our online application service will find the best Dubai mortgage interest rate for you and your circumstances.