What is Oqood?

In Dubai`s real estate context, "Oqood" refers to a digital certificate issued by the Dubai Land Department (DLD) for off-plan properties or those purchased on a payment plan. It acts as proof of ownership for the buyer until the property is completed and the title deed is transferred.

About Oqood

The DLD introduced the Oqood system to enhance transparency and security in off-plan property transactions. It is a mandatory requirement for all off-plan property sales in Dubai.

Key features and benefits of Oqood:

• Proof of Ownership: Oqood protects the buyer`s rights and investment as legal proof of ownership. 

• Transparency: It promotes transparency in the off-plan property market by recording all transactions and details. 
• Regulation: It helps regulate the real estate market by ensuring compliance with DLD regulations. 
• Streamlined Process: It streamlines the property registration process, making it more efficient and convenient for buyers and developers. 
• Information Access: Buyers can easily access information about their property, payment schedule, and developer details through the Oqood portal.