Contract Transfer

Contract transfer is the process of assigning rights and obligations under an existing contract from one party to another, requiring consent from all involved parties.

Transfer TypeContext
Off-plan assignmentOriginal buyer sells to new buyer
Lease transferTenant assigns tenancy
Mortgage assumptionNew buyer takes over loan
Development rightsTransfer of build permissions
Dubai ProcessRequirement
Developer NOCRequired for off-plan
Assignment feeRequired for off-plan
Oqood updateRegister new buyer
Payment liabilityTransferee assumes obligations
DLD approvalFor final title transfer


Related Terms

Assignment Fee (off-plan resale) Deed of AssignmentNovation AgreementNOC (No Objection Certificate)Developer NOC (No Objection Certificate)

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