Dubai developers told not to charge over Dh500 for a NoC

Dubai developers told not to charge over Dh500 for a NoC

 

By Parag Deulgaonkar

 

Parties have to stick to specified No Objection Certificate charges if stated in their

contract, says official

A senior Dubai Land Department DLD official has said they will not be able to negotiate or lower charges of no-objection certificate (NoC) if the developer and the seller have mentioned a specific amount in their sales and purchase agreement, but generally they are asking developers not to charge more than Dh500 for a NoC required to register sale of a completed property.

In the case of “off plan” properties, the law allows them to charge Dh5,000, the official told Emirates 24/7 said on conditions of anonymity.

“Under the law, there is no mention of how much a developer can charge for a NOC for a completed property and so we have advised developers not to charge more than Dh500 for it.”

The official said that Emaar Properties and Nakheel have already agreed to charge Dh500 for a NoC.

Asked if investors can file a complaint against a developer who is charging excessive fee for issuing a NoC, the official said: “They can complain to the department and we will look into the matter. However, if their sales contract mentions a certain fee then they will have to stick to it.”

via Dubai developers told not to charge over Dh500 for a NoC – Real Estate – Zawya.

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