Features & Benefits
Oqood enables the developers to perform and register off-plan sales transactions smoothly with the full knowledge and approval of Dubai Land Department. All they are required to do is to do is populate the buyer and sale details in the online application. Once the sale process is complete, a sales receipt can be produced through the system.
The main benefits ensured by Oqood are the reduction of time, uniformity of the approach and complete transparency of the registration fee structure.
The fee structures are preset by the Dubai Land Department and automatically calculated by the system once the property details have been entered.
The developer benefits from the following information and features, where the system:
- Maintains property details
- Retains buyer details
- Generates & stores transaction summary
- Gains online approval from Land Department
- Auto generates sales agreement
- Provides fee structure transparency
Oqood serves to build and maintain a trusted regulatory community environment for the real estate industry in Dubai, benefiting both developers and buyers through complete transparency into the requirements, processes and fees. |
