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Wavier of musataha
Off-Plan Plot Buy&Sell Registration
January 16, 2024Site plan
May 15, 2024
Description
Here, you can waive shares from an existing Musataha to a new Musateh, available for both individuals and organizations.
Required Documents
An insurance certificate is required and must include the new Musateh’s name.
Business rules
- The existing Musataha must be active.
- The new Musataha must be locally owned or fully owned by a local company.
- Any delayed terms must be cleared.
Service Fees
- wavier of musataha Fees = (3.6% x remaining rent for the current period x share that the customer is requesting to waive)
Pay all delayed rent amount at ADM before initiating the waiver application
- Electronic Administrative Services Allowance Fees = 400 AED ( excl. VAT 5%)
Application journey
- Start your application through the available channels.
- Select the specific plot, then add the new Musataha(s) and the waiving percentages.
- Upload any required documents, then submit
- Receive approval from the second party.
- Upon DMT approval, pay any applicable fees, then download the new Musataha contract.
Payment methods
- Your Wallet
- Credit/Debit card
Service channels
- Dari Website
- Dari App
- ADREC Trustee Office
- ADREC at Your Place
Service Output
Musataha Contract.
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