Buying a property in Alanya? Then you probably need a 'DAB' certificate

Buying a property in Alanya? Then you probably need a 'DAB' certificate...

Let's take a look into the \"Döviz Alım Belgesi (DAB)\" which translates into \"Foreign Exchange Purchase Certificate\".

The DAB certificate is required for all foreigners (non-Turkish citizens) when purchasing property in Turkey.

It is a document that proves that an amount equal to the public evaluation (satış bedeli) of the property has been exchanged from foreign currency such as Euro or dollar and into Turkish lira.

How to do a DAB certificate

The exchange from foreign currency into Turkish lira must be made from a personal bank account of the buyer, seller, or their legal representative, and it must be done via a Turkish bank.

After the exchange has taken place, the bank will issue a physical document which must include:

• Passport number and full name of the buyer
• Full information on the property for which the certificate is used to purchase

This document must be presented to the land registry office upon commencing the application for the deed transaction.

The bank will also issue a digital version of the document, which the land registry office will have access to.

Please note that the DAB document is typically issued free of charge by most Turkish banks.

Once the bank has issued the DAB document, you are free to convert your Turkish lira back into any foreign currency. However, be aware that this process will result in a loss due to the difference between the bank’s buying and selling exchange rates.

Common Issues

As with many other documents and procedures in Turkey, the DAB certificate is easy to do once you know how to do it.

But for the inexperienced, there are several pitfalls along the way, and in case the DAB certificate is not made correctly, the authorities will not accept it.

Common issues are spelling mistakes and lack of information on the certificate.

Assistance from 2Base Estate Agency

The DAB exchange certificate is just one of several required documents when buying a property in Alanya.

At 2Base Estate Agency, we assist both buyers and sellers in completing the title deed transaction process from A to Z. We also help you obtain the DAB certificate as well as all other required documents.

Let us know in case you have any questions—we are happy to help!

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