Off-Plan Sales Register Regulations Rules
Off-Plan Sales Register Regulations (Fees) Rules 2022
Date of Adoption: 1 June 2022
The Board of Directors of the Abu Dhabi Global Market, in implementation of section 9 of the Off Plan Sales Register Regulations 2022, hereby makes the following rules:-
1. Citation and interpretation(1) These Rules may be cited as the Off Plan Sales Register Regulations (Fees) Rules 2022.(2) In these Rules:"Regulations" means the Off Plan Sales Register Regulations 2022.(3) Terms used in these Rules which are defined in the Regulations shall have the meanings given to them in the Regulations.
The fees set out in the Schedule to these Rules shall apply to applications under the Regulations.
3. Reduction, waiver or refund of fees
The Registrar may reduce, waive or refund all or part of any fee if it considers that it would be equitable to do so.
Service Fees (USD) Interests in Real Estate Development Projects 1 Registration of Reservation Agreements on the off-plan sales register Same fees for registering the underlying interest in real property (as determined by the Real Property Regulations (Fees) Rules 2022) to be created in the future which is intended to be reserved or allocated pursuant to the Reservation Agreement.
This fee shall be paid by the Master Developer (for the registration of Reservation Agreements entered into between them and Sub-Developers or Purchasers) or by Sub-Developer (for the registration of Reservation Agreements entered into between them and Purchasers), as the case may be.
The fees will also apply to any subsequent assignments or transfers to other party(s) of the same interest in real property to be created in the future which is intended to be reserved or allocated pursuant to the Reservation Agreement.
2 Reservation Agreement variation/ termination/expiry/surrender 100 3 Transfer of interest in real property under Reservation Agreement from the off-plan sales register to the real property register 300 Other transactions 4 Application for official search certificate from off-plan sales register 1,500