Request for Mortgage Termination

Description

This service allows customers to terminate mortgages of all types (request for mortgage/ usufruct mortgage/ initial mortgage/conservative mortgage termination) on a property for banks and for Housing Establishments for citizens.


Service Form

Mortgage Termination Form


Required Documents

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 bank for the mortgage termination
3- 2- Emirates ID card of the owner (For identification only, no photo is taken)

Through Bank (electronically)
1- Original Title Deed, Original Title deed of Usufruct, initial registration contract, Deferred Sale Contract or Initial Contract
2- Emirates ID card of the owner (For identification only, no photo is taken)


Service Terms

Not Applicable


Service Fees

AED 1,000 fee for mortgage termination
In the case of a normal mortgage with a title deed / usufruct title deed
AED 250 fee for title deed issuance
AED 10 Knowledge fees added to each fee
AED 10 Innovation fees added to each fee

Registration Trustee fees:
AED 300


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

 



Payment Method

Cheque to Dubai Land Department
Nooqodi
ePay



Service Channels

eMortgage system
Real Estate Registration Trustees offices (Outside)



Issued Documents

Letter of mortgage termination
Title Deed
Fees Balance



Service Time

20-25 Minutes

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