Request for Mortgage Transfer
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Description

This service allows customers to transfer mortgages of all types (request for mortgage/ usufruct mortgage/ initial mortgage/conservative mortgage transfer on a property from the current financer to the new financer, in order to guarantee the rights on the property.


Service Form

Mortgage Form


Required Documents

Individuals
Through Real Estate Registration Trustees offices
1- No Objection letter from the previous bank for the mortgage transfer
2- Letter from the new bank on registering the mortgage
3- Three mortgage contracts certified by the mortgagee bank and signed by both parties
4- eNOC from the developer (through Dubai Rest Application)
5- Emirates ID card of the owner (For identification only, no photo is taken)

Through Bank (electronically)
1- Electronic No Objection Certificate (eNOC) from the developer in the freehold areas (through Dubai Rest Application)
2- Emirates ID card of the owner (For identification only, no photo is taken)

Sole Proprietorship
1- Copy of the Commercial License
2 - 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

AED 10 Knowledge fees added to each fee
AED 10 Innovation fees added to each fee
*Number of title deeds (in addition to previous fees)

Registration Trustee fees:
AED 4,000 service fee

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

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Payment Method

Cheque to Dubai Land Department
Nooqodi
ePay


Service Channels

eMortgage system
Real Estate Registration Trustees offices (Outside)


Issued Documents

Title Deed
Fees Balance
Mortgage Paper


Service Time

15-20 Minutes

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