Mortgage Registration
Dorchester
Last Update vor einem Jahr
This service allows customers to apply to register mortgages of all types (request for mortgage/ usufruct mortgage/ initial mortgage/conservative mortgage registration) on a property for the benefit of the financier in order to guarantee the property's rights, whether it is a first-degree or second-degree mortgage.
Required Documents
Individuals
Through Real Estate Registration Trustees offices
1 - Letter from the mortgagee bank
2 - Three mortgage contracts certified by the mortgagee bank and signed by both parties
3 - Emirates ID card of the owner (For identification only, no photo is taken) / valid passport copy for Non-residents
4 - Electronic No Objection Certificate (eNOC) from the developer in the freehold areas (through Dubai Rest Application.
5- Valuation Report
Service Fees
0.25% of the mortgage value
In the case of a normal mortgage with a title deed / usufruct title deed: AED 250 fee for title deed issuance
In the case of a conservative mortgage with a title deed / usufruct title deed: AED 250 fee for title deed issuance for each title deed
Registration Trustee fees:
AED 4,000 service fee + tax
Registration Trustee fees for initial sale registration (Oqoodi):
AED 5,000 service fee + tax
AED 10 Knowledge fees added to each fee
AED 10 Innovation fees added to each fee