Request for Mortgage Registration
Request for Mortgage Registration

Description

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.


Service Form

Mortgage Form


Required Documents

Individuals
Through Real Estate Registration Trustees offices
1- Original Title Deed, Original Title deed of Usufruct, initial registration contract, Deferred Sale Contract or Initial Contract
2- Letter from the mortgagee bank
3- Three mortgage contracts certified by the mortgagee bank and signed by both parties
4- Emirates ID card of the owner (For identification only, no photo is taken) / valid passport copy for Non-residents
5. NOC from the developer (deferred sale/ initial registration certificate - Oqoodi)

Through Bank (electronically)
1- Original Title Deed, Original Title deed of Usufruct, initial registration contract, Deferred Sale Contract or Initial Contract
2- NOC from the developer (deferred sale/ initial registration certificate - Oqoodi)

Sole Proprietorship
1- Copy of the Commercial License
2 - Copy of Emirates ID Card (For identification only, no photo is taken) or valid passport copy for Non-residents
3- Power of Attorney if appointing someone on their behalf

Limited Liability Company (LLC)
1- Trade license + Page of partners and equities (original and copy)
2- Certificate of Incumbency
3- Establishment contract (appendices if any) (original and certified copy from the Ministry of Foreign Affairs and translated in Arabic)
4- A legal agency in the event of a representative, or a legally certified board of directors decision.


Service Terms

Not Applicable


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

Registration Trustee fees for initial sale registration (Oqoodi):
AED 5,000 service fee

AED 10 Knowledge fees added to each fee
AED 10 Innovation fees added to each fee


Service Procedures

Via the electronic system
Step 1: The customer prepares the mortgage requirements with the bank
Step 2: the bank employee enters all the required documents via the electronic mortgage system and the transaction is audited by the bank auditor
Step 3: the transaction is sent to DLD for verification and DLD's fees are deducted from the bank account
Step 4: The certificate and the mortgage poster are issued by DLD's employee
Step 5: The customer is contacted by the bank to visit the bank branch and receive the outputs


Via the service center
Step 1: The customer goes to one of the Real Estate Registration Trustee offices
Step 2: the customer submits the required documents to the employee and makes sure that they are complete
Step 3: the transaction data is entered into the system by the employee and is verified
Step 4: The customer pays the fees and receives a receipt for payment
Step 5: the output is delivered to the customer

Remotely
Step 1: send documents by e-mail to the registration trustee office
Step 2: review the request and ensure that the documents are complete
Step 3: the transaction data is entered into the system and a recorded video call is made to confirm the service and verify the parties
Step 4: The payment link is sent by the employee
Step 5: The outputs are checked and sent to the customer.



Payment Method

Cheque to Dubai Land Department
Nooqodi
ePay



Service Channels

eMortgage system
Real Estate Registration Trustees offices (oustide)



Issued Documents

Title Deed
Fee Balance
mortgage paper



Service Time

20-25 Minutes