In Dubai, gifting is a common practice where individuals can transfer a portion or the entirety of a property to a qualifying family member as a gift. This allows them to benefit from a reduction in the property transfer costs. Our team of conveyancers is available to assist in cases where property owners wish to transfer their property or shares to their spouse, or when parents want to gift a property or shares to their children, and vice versa.
Currently, for these types of transfers, the Dubai Land Department charges a transfer fee of 0.125% of the valuation amount, significantly lower than the standard 4% fee. If you need further guidance or assistance, please do not hesitate to contact us for more information.