Nominal Ownership Of Property In UAE - Q&A
- What is nominal ownership of a property?
It is when a property is officially registered in the name of someone other than the owner. For example, I buy a property and register it under my friend’s name. - Is nominal ownership of a property in the UAE legal?
-The UAE does not recognize nominal ownership of real estate assets.
-In the UAE, property registration, as is reflected in the title deed, is undisputed evidence of property ownership.
-For title deed to be treated otherwise, would contradict the principles of 1) security and insurance, 2) confirmation of property registration, 3) integrity of the land registry.
-Therefore, the title deed is considered to be an absolute authority. - Are there ways to challenge such ownership?
Only if there is proof of either fraud or forgery. - What are the consequences of nominal ownership?
-Attempts to challenge the ownership will result in extensive legal fees and court proceedings.
-The person listed on the title deed is the legal owner.
Facebook
Twitter
LinkedIn
WhatsApp
No comment yet, add your voice below!