Request for Registration of Finance Lease Contract
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Description

This service allows customers to apply to register a finance lease contract with the bank.


Service Form

Registration of Finance Lease Contract Form


Required Documents

Individuals
1- Letter from the financer on the registration of the finance lease, stating the start and end date and the lease amount
2- Emirates ID card of the owner (For identification only, no photo is taken) / valid passport copy for Non-residents
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 finance value
AED 250 title deed issuance fee
AED 100 land map issuance fees (AED 250 if a villa and apartment)

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


Service Procedures

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
ePay


Service Channels

Real Estate Registration Trustees offices (Outside)


Issued Documents

Title Deed
Fee Balances
Map


Service Time

30-35 Minutes

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