10-item buyer checklist
- ✓Mulkiya (UAE ownership certificate) — original, not scanned
- ✓Current DMCA or SCA registration in the seller's name
- ✓Trade licence (for dealers) or Emirates ID (for private sellers)
- ✓Bill of sale from previous owner and full title chain
- ✓Service records: engine hours, oil changes, generator hours, antifouling dates
- ✓TruCheck™ or third-party marine survey report (within 30 days)
- ✓Sea trial log with cruising and WOT engine data
- ✓Insurance transfer letter and no-claims history
- ✓Berth reservation confirmation for the new owner
- ✓5% VAT invoice from a VAT-registered seller (or exemption evidence)
What TruCheck™ covers
TruCheck™ is BoatFinder+'s pre-purchase inspection: hull, engines, electronics, hours, service records, and title. For any yacht above AED 500,000 it is the standard due-diligence step, and it is required for financing and insurance at most UAE marine lenders.
Closing safely through an escrow client account
Every deal should be closed through a UAE-licensed broker or marine lawyer's client account — never wire funds directly against a mulkiya scan. The client account releases funds only on successful registration transfer, protecting both sides. BoatFinder+ does not hold buyer or seller funds; the concierge can introduce a licensed broker or lawyer to handle escrow.
With the paperwork clean, the final piece is the money side — Part 5 covers VAT, financing and ownership structure.