Oqood is the DLD's interim register for off-plan sales. Registering your sales agreement there records your interest in the unit before it exists, links your payments to the project escrow account and prevents the same unit being sold twice.
- Registered by
- Developer, on the DLD Oqood system
- DLD fee
- 4% of purchase price, charged once
- Admin charge
- Sources report figures between AED 40 and AED 580
- Converts to
- Title deed after completion
What Oqood protects
Once registered, the unit is recorded against your name in the DLD system. Developers must sell through RERA-registered projects with escrow accounts, so instalments flow to a regulated account rather than directly to the developer.
Process
- Pay the booking amount and sign the sales and purchase agreement
- Developer submits the agreement for Oqood registration
- Buyer pays the 4% DLD fee (some developers absorb it as a launch incentive)
- Oqood certificate issued and visible in Dubai REST
- At completion, the Oqood converts to a title deed
Fees
Sources agree the DLD fee is 4% of the purchase price. The small administrative charge is reported inconsistently, so ask the developer for the exact statement before paying.
Fees and procedures are revised from time to time. Confirm current figures with the Dubai Land Department, a registered trustee office or your developer before you transfer funds.
Is Oqood the same as a title deed?
No. Oqood records an off-plan purchase before the building is completed. It is converted into a title deed once the project is finished and handed over.
Can I resell an off-plan unit registered on Oqood?
Generally yes, subject to the developer's resale policy, which often requires a set percentage of the price to be paid first and a developer NOC.