Mortgage

Mortgage Registration

Required documents are:

  • Original certificate of ownership.
  • UAE national ID and Passport for UAE resident or original passport for non-resident.
  • Mortgage letter from the bank stamped and signed by the bank.
  • 3 original mortgage contracts signed and stamped by the bank and customer (name of land owner, mortgage amount, start and end date of mortgage).
  • Bank representative to submit the documents.
  • For Delayed Sell and Off Plan Property, NOC from developer is required to Land Department.

Dubai land department fees (manager’s cheque)

0.25% of mortgage price plus AED 290 if villa/flat/land.

Registration trustee office fees

  • AED 4,200

Mortgage Transfer

Required documents are:

  • Original certificate of ownership.
  • UAE national ID and Passport for UAE resident or original passport for non-resident.
  • Letter from current bank to transfer the loan.
  • Letter from new bank.
  • 3 mortgage contracts (signed and stamped by the bank and customer).

Dubai land department fees (manager’s cheque)

0.25% of mortgage price plus AED 20.

Registration trustee office fees

  • AED 4,200.

Mortgage Pre-registration

Required documents are:

  • OQoodi initial contract.
  • UAE national ID and Passport for UAE resident or original passport for non-resident.
  • Mortgage letter from the bank stamped and signed by the bank.
  • 3 original mortgage contracts signed and stamped by the bank and customer (name of land owner, mortgage amount, start and end date of mortgage).

Dubai land department fees (manager’s cheque)

0.25% of mortgage price plus AED 20.

Registration trustee office fees

  • AED 5,250.

Mortgage Release

Required documents are:

  • Original certificate of ownership.
  • Original mortgage contract.
  • Original mortgage release letter from the bank.
  • UAE national ID and Passport for UAE resident or original passport for non-resident.

Dubai land department fees (manager’s cheque)

  • AED 1,290.

Registration trustee office fees

  • AED 315.

Mortgage Adjustment

Required documents are:

  • Copy of certificate of ownership.
  • UAE national ID and Passport for UAE resident or original passport for non-resident.
  • Previous mortgage contract.
  • Mortgage letter of adjustment from the bank.
  • 3 copies of mortgage contracts (name of land owner, mortgage amount, start and end date of mortgage).

Dubai land department fees (manager’s cheque)

  • 0.25% from mortgage price increase plus AED 20.
  • AED 1,000 in case of decrease in mortgage price increase or decrease in duration of loan, or addition of term or condition.
  • In the event of two of the above services are required, the payments will be joined (mortgage price increase 0.25% plus AED 20 and decrease in duration of loan plus AED 1,000.

Registration trustee office fees

  • AED 315 if increasing or reducing the period or, add a note.
  • AED 2,100 if increasing or reducing the amount of the mortgage.