Declaration Of Ownership Form for United Arab Emirates

Declaration Of Ownership Form Template for United Arab Emirates

A Declaration of Ownership Form is a legally binding document used in the United Arab Emirates to formally declare and establish ownership of various types of assets, including real estate, vehicles, business assets, or other valuable property. This document, governed by UAE federal laws and emirate-specific regulations, serves as an official record of ownership and includes detailed information about both the owner and the asset being declared. It requires proper authentication through UAE-recognized authorities and must comply with local documentation requirements, including potential notarization and registration with relevant government departments.

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What is a Declaration Of Ownership Form?

The Declaration of Ownership Form is a crucial document in the United Arab Emirates' legal framework for establishing and proving ownership rights. This document is commonly required when registering property, conducting business transactions, establishing clear title, or complying with regulatory requirements. The form must adhere to UAE federal laws, including Federal Law No. 5 of 1985 (Civil Code) and relevant emirate-specific regulations. It typically includes comprehensive details about the owner, whether individual or corporate, complete description of the asset being declared, proof of ownership, and source of funds information as required by UAE anti-money laundering regulations. The Declaration of Ownership Form serves as an official record that can be used in legal proceedings, property transactions, or regulatory compliance matters, and often requires notarization or authentication by UAE authorities to be legally valid.

What sections should be included in a Declaration Of Ownership Form?

1. Declarant Details: Full legal name, Emirates ID/Passport number, contact information, and address of the person making the declaration

2. Property Information: Detailed description of the property/asset being declared, including all relevant identification numbers, registration details, or physical descriptions

3. Ownership Declaration: Clear statement of ownership claim, including how and when ownership was acquired

4. Source of Funds: Declaration of how the property was acquired and the source of funds used for the purchase, as required by UAE AML regulations

5. Legal Compliance Statement: Declaration that the ownership complies with all applicable UAE laws and regulations

6. Authentication: Space for official notarization and authentication as required by UAE law

What sections are optional to include in a Declaration Of Ownership Form?

1. Co-Owner Details: Required when property has multiple owners, including their details and ownership percentages

2. Encumbrance Declaration: Statement regarding any mortgages, liens, or other encumbrances on the property

3. Power of Attorney: Required when the declaration is being made by an authorized representative rather than the owner directly

4. Corporate Ownership: Additional section required when the owner is a corporate entity, including company details and authorization

5. Previous Ownership History: Details of previous owners when relevant to establishing clear title

What schedules should be included in a Declaration Of Ownership Form?

1. Schedule A - Property Documentation: Copies of property title deeds, registration certificates, or other ownership proof

2. Schedule B - Identity Documentation: Copies of Emirates ID, passport, and other identification documents

3. Schedule C - Supporting Documents: Purchase agreements, transfer documents, or other relevant ownership evidence

4. Appendix 1 - Property Photos: Physical photographs or detailed visual documentation of the property/asset

5. Appendix 2 - Location Maps: For real estate, maps and location details of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Declaration Form

Cost

Free to use
Relevant Industries

Real Estate

Banking & Finance

Corporate Services

Legal Services

Manufacturing

Retail

Hospitality

Industrial

Investment

Asset Management

Construction

Trading

Relevant Teams

Legal

Compliance

Property Management

Asset Management

Operations

Finance

Risk Management

Documentation

Corporate Secretariat

Administrative Services

Relevant Roles

Legal Counsel

Property Manager

Compliance Officer

Real Estate Manager

Asset Manager

Corporate Secretary

Business Owner

Operations Director

Finance Manager

Investment Manager

Property Administrator

Documentation Specialist

Legal Administrator

Risk Manager

Company Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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