Registration Of Lease Ending With Ownership

This service allows customers to apply to register a tenancy contract ending with acquisition with that the property or a (completed) real estate unit will be transferred from the name of the owner to the name of the bank, and the real estate shall be transferred after the expiry of the lease period to the beneficiary.

Required Documents

    Individuals

  • The original title deed and site plan or ownership certificate for the real estate unit.

  • a valid passport for non-resident foreigners

  • A letter from the bank registering the real estate or real estate unit with leasing and the leasing contract concluded between the parties.

  • Clearance certificate/ NOC from the developer (for real estate units(

    • Business

  • The original title deed and site plan or ownership certificate for the real estate unit.

  • a valid passport for non-resident foreigners

  • A letter from the bank registering the real estate or real estate unit with leasing and the leasing contract concluded between the parties.

  • Clearance certificate/ NOC from the developer (for real estate units(

  • Establishment contract and commercial license for institutions and companies.

Process

  • 1 Submitting the application request and required documents through the E-services portal
  • 2 Reviewing and approving the application by the concerned sections in AjmanRe Department
  • 3 Fees Payment
  • 4 download the title deed/initial registration certificate/Registration certificate from the Department. Downloading the e-title deed/initial registration certificate/Registration certificate from UAE Pass wallet.

Service fees

  • 2% or AED 2,500.00 as a minimum per real estate unit

  • 2% citizens and citizens of the States of the Gulf Cooperation Council or AED 2,500 as a minimum per real estate

  • 3% for non-citizens or AED 3,000 as a minimum per real estate, with the ownership fees.

  • AED 350 fees for issuing of title deed and site plan or ownership certificate of a real estate unit.

  • AED 350 issuance of lease certificate ending with ownership

Service Duration

  • 5 Minutes