KYC (Know Your Customer)

KYC is the mandatory process of verifying customer identity and assessing risk profiles before entering into property transactions, required under UAE AML regulations.

KYC DocumentsIndividual Buyer
PassportValid, government-issued
Emirates IDIf UAE resident
VisaCurrent UAE visa page
Proof of addressUtility bill or bank statement
Source of fundsBank statements, employment letter, business ownership
Tax IDIf required by home country
PEP screeningPolitically exposed person check
Enhanced Due DiligenceHigh-Risk Triggers
High-value transactionOver AED 1M typically
High-risk jurisdictionFATF grey or blacklist countries
Cash transactionApproaching AED 55,000 limit
Politically exposed personGovernment officials, family members
Complex ownershipMultiple layers or offshore entities
Verification timeStandard 2 to 5 days, enhanced 1 to 2 weeks


Related Terms

Anti-Money Laundering (AML) Compliance Source of FundsIdentity VerificationCustomer Due Diligence

RERA licensed advisors

Banner Image

Free expert advice

Get property recommendations matched to your goals. No pressure. No commitment.