Gifting in Dubai is when a person transfers part or all of a property to a 1st degree relative. This is a way of dealing with early succession, tax planning or managing your portfolio. Dubai Land Department may offer a discounted rate from 4% to 0.125% on the transfer fees, which will be based on the value of the property..
As the process can be timely with complicated documentation, let First Gulf Conveyancing take care of this for you. Reach out to us today to see how we can assist you.