Request for Sale of Mortgaged Property
Request for Sale of Mortgaged Property

Description

This service allows customers to impose a restriction on the mortgaged property or arrange for payments on behalf of the developer to protect the rights of all parties.
The relevant procedure will be completed after the mortgage redemption letter from the bank or developer is presented.


Service Form

Sale of Mortgaged Property Form


Required Documents

Individuals
1- Copy from original Title Deed, Original Title deed of Usufruct, initial registration contract, Deferred Sale Contract or Initial Contract
2- Debit certificate or a letter from the developer with remaining amount
3- Emirates ID Card of the buyer & seller (For identification only, no photo is taken)/ copy of valid passport copy for Non-residents
4 Manager’s cheques as follow:
- cheque in the name of the bank/developer with debt amount
- cheque in the name of seller with remaining amount
- cheque in the name of Dubai Land Department with 4% as sale fees
- cheque in the name of Dubai Land Department with AED 1,020 as Restriction fees

Companies
If the company is not previously registered, it must be registered by applying for the registration of a company


Service Terms

For companies:
If the company is not previously registered, it must be registered by applying for the registration of a company


Service Fees

AED 1,000 for Restricting the Property
AED 10 Knowledge fees
AED 10 Innovation fees

Registration Trustee Fees: AED 500


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

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

Real Estate Registration Trustees offices (outside)



Issued Documents

Restriction certificate
Fee Balances



Service Time

15-20 Minutes