How Much is Registration with Oqood?

[showbiz]

Hi I have bought a studio apartment in DSC, developer is asking for AED-5000 for registration to make to Oqood, is this correct? Please help before i make this payment. Thanks

 

[wiseguy]

Hi,
I have got the same question. Does anybody know the details of exact charges for Oqood. There seem to be no information on RERA website about it.

 

[nictt]

I had an email from my developer about this charge aswel a couple of months ago that i ignored.. I have never even heard of Ogood.. I thought the cost of registering the unit was down the the developer anyway and not us?...

 

[abudubai]

My developer outlined the transfer fees for my unit:
__________________________________________________________________________
As per the rules of Dubai Lands Department, for any transfer, the developer has to collect 3% of the value.

* 1% of the Original Price & 1% of the New Sale Price as the Seller toward Dubai Lands Department ( DLD (currents owner has to pay is 2%)
* 1% of the New Sale Price from the New buyer to Dubai Lands Department.
* All these three (3%) payments should be in favour of Dubai Lands Department ( DLD) vide Managers cheque. ( 3 different cheques)
* AED 1000 /- each the seller & the buyer has to pay for per -registration with the lands department.(Oqood Registration)
* AED 5000/- is the Administration Fees which has to be made again on DEVELOPER.
* Also MOU signed by the seller and the buyers specifying the original and the new sale price.
* The original sale & Purchase agreement and the original receipt which has been provided by DEVELOPER to the current owner should be given to us at the time of transfer.
__________________________________________________________________________

Fourth point mentions 1000AED from both buyer and seller for OQOOD registration.
Not sure how this relates to handover fees, though.
AD

 

[wiseguy]

Thanks for your reply AbuDubai.

That seems a lot of money to be paid for registration. For me when I purchase the property, there wasn't law as such and the delay happened solely because the developer did not build it on time. Why should i pay up for his mistakes?

If there is a government directive (money to be paid to Land Department) than that's one story, why do you have to pay the developer AED5000? Is it a government directive or is he getting the 1% price of your unit that he has to pay out of your pocket as well?

Between, who is your developer?

Thanks

 

[reasonant]

I was informed that Developers can unilaterally register the units!