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Registration Of Lease Ending With Ownership

It is the process of transferring a real estate or a completed real estate unit from the name of the owner to the name of the bank, provided that the real estate shall be transferred after the expiry of the lease period to the beneficiary.

Service required documents
  • Tick For Individuals: The original title deed and site plan or ownership certificate for the real estate unit., Proving the identity of the customer or his representative legally., Clearance of sanitation., A letter from the bank registering the real estate or real estate unit with leasing and the leasing contract concluded between the parties., Objection certificate from the developer of the real estate unit.
  • Tick For Businesses: The original title deed and site plan or ownership certificate for the real estate unit., Proving the identity of the customer or his representative legally., Clearance of sanitation., A letter from the bank registering the real estate or real estate unit with leasing and the leasing contract concluded between the parties., Objection certificate from the developer of the real estate unit., Establishment contract and commercial license for institutions and companies.
Service procedure
  • Tick
  • Tick Reviewing and approving the application by the concerned sections in AjmanRe Department.
  • Tick Personal presence of the concerned parties on Ajmanre headquarters to sign the contract
  • Tick Fees Payment
  • Tick Receiving the title deed/certificate during the official working hours from AjmanRe Department headquarters
Service Fees
  • Tick 2% or AED 2,500.00 as a minimum per real estate unit
  • Tick 2% citizens and citizens of the States of the Gulf Cooperation Council or AED 2,500 as a minimum per real estate
  • Tick 3% for non-citizens or AED 3,000 as a minimum per real estate, with the ownership fees
  • Tick AED 350 fees for issuing of title deed and site plan or ownership certificate of a real estate unit
  • Tick AED 350 issuance of lease certificate ending with ownership
Service Duration
  • Tick 9 Minutes
Service Channels
  • Tick Customers Happiness Center
  • Tick E-services Portal
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location
HQ

Al Imam Malik Bin Anas Street,
Al Jurf, Ajman, United Arab Emirates

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Customer Care

Phone: +971 6 703 8888, Fax: +971 6 703 8800
Email:info@ajmanre.gov.ae

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