MORTGAGE SERVICES

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Dubai Land Department@Land_DepartmentLandDptDubai@Land_Departmentدائرة األراضي واألمالك حكومة دبي

LandDepartmentDubaiGovernment

Tel.: 600555556 E-mail: info@dubailand.gov.ae Website: www.dubailand.gov.ae

Vision:To position Dubai as

the world’s first real estatedestination as to innovation,

trust and happiness

Mision:To create an innovative and

sustainable real estate environment that will promote Dubai as the world’s happiest city through:

Smart servicesProfessional human and

financial resourcesIntegrated real estate

legislation

4

Mortgage Services

Request for registration of Mortgage 5

Request for registration of Mortgage (Usufruct)

6

Request for registration of Mortgage (Deferred Sale)

7

Request for registration of Mortgage (Oqood)

8

Request for Mortgage Adjustment 9

Request for Registration of Mortgage Amendment (Usufruct)

10

Request for Registration of Mortgage Amendment (Deferred Sale)

11

Request for Registration of Mortgage Amendment (Oqood)

12

Request for Registration of Mortgage Transfer

13

Request for Registration of Mortgage Transfer (Deferred Sale)

14

Request for Registration of Mortgage Transfer (Usufruct)

15

Request for Registration of Mortgage Transfer (Oqood)

16

Request for Registration of Mortgage Discharge (Oqood)

17

5

Request for registration of Mortgage

This service allows clients to apply to register mortgage / portfolio mortgage through the mortgage of real property to the financer in order to guarantee interests in the real property. It can be a first-degree or second-degree mortgage.

Required Documents

1- Original Title Deed2- Letter from the mortgagee bank, and attendance of its authorized

representative3- Original Power of Attorney attested by the court, or by the Ministry of

Foreign Affairs if the Power of Attorney is issued outside of the UAE. The validity of the Power of Attorney may not exceed two years.

4- Three Mortgage Contracts certified by the mortgagee bank and signed by both parties

Fees

0.25% of the mortgage value + 250 Dirhams as Title Deed issuance fees + Knowledge Dirham Fee of 10 Dirhams Registration Fees• 4,000 Dirhams as service charges• Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000

Dirhams (not applicable to granted land plots) + Innovation Dirham fees

Time Needed

20 - 25 minutes

6

Request for registration of Mortgage (Usufruct)

This service allows clients to register a usufruct mortgage through the registration of a usufruct contract of a real estate for a period not exceeding 99 years based on a letter from the financer.

Required Documents

1. Original Title Deed2. Original letter from the mortgagee 3. Three Mortgage Contracts certified by the mortgagee bank and

signed by both parties

Fees

0.25% of the mortgage value + 250 Dirhams as Title Deed issuance fees + Knowledge Dirham Fee of 10 Dirhams

Registration Fees• 4,000 Dirhams as service charges• Urgent processing fees (For UAE Nationals in non-freehold areas):

5,000 Dirhams + Innovation Dirham fees

Time Needed

20 - 25 minutes

7

Request for registration of Mortgage (Deferred Sale)

This service allows clients to apply to register deferred sale through a mortgage letter from the financer.

Required Documents

1- Original Deferred Sale Contract 2- Letter from the mortgagee bank, and attendance of its authorized

representative3- Three Mortgage Contracts certified by the mortgagee bank and

signed by both parties

Fees

0.25% of the mortgage value + 250 Dirhams as Title Deed issuance fees + Knowledge Dirham Fee of 10 Dirhams

Registration Fees• 4,000 Dirhams as service charges• Urgent processing fees (For UAE Nationals in non-freehold areas):

5,000 Dirhams + Innovation Dirham fees

Time Needed

20 - 25 minutes

8

Request for registration of Mortgage (Oqood)

This service allows clients to register a primary mortgage through the mortgage letter from the financer.

Required Documents

1- Original Oqood Contract 2- Letter from the mortgagee bank, and attendance of its authorized

representative3- Three Mortgage Contracts certified by the mortgagee bank and

signed by both parties

Fees

0.25% of the mortgage value + 250 Dirhams as Title Deed issuance fees + Knowledge Dirham Fee of 10 Dirhams

Registration Fees• 4,000 Dirhams as service charges• Urgent processing fees (For UAE Nationals in non-freehold areas):

5,000 Dirhams + Innovation Dirham fees

Time Needed

20 - 25 minutes

9

Request for Mortgage Adjustment

This service allows clients to apply to register a mortgage amendment / portfolio mortgage through the registration of an amendment in the mortgage value or in the period of the previous mortgage contract, whether by increase or decrease, based on a letter from the financer.

Required Documents

1- Original Mortgage Contract 2- Letter from the bank approving the amendment (variation of the

term or amount, or addition of remarks), and attendance of the bank’s authorized signatory

3- Three new Mortgage Contracts 4- Title Deed

Fees

• 1,000 Dirhams as Mortgage Term Amendment Fees and 0.25% as Mortgage value amendment Fees + 250 Dirhams as Title Deed issuance fees + Knowledge Dirham Fee of 10 Dirhams (added to each fee)

• Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams (not applicable to granted land plots) + Innovation Dirham fees

Time Needed

20 - 25 minutes

10

Request for Registration of Mortgage Amendment (Usufruct)

This service allows clients to apply to register a usufruct mortgage amendment through the registration of an amendment on the increase or decrease of the period, surface or name in the mortgage contract based on the letter from the financer.

Required Documents

1- Original Title Deed 2- Original Mortgage Contract 3- Letter from the bank approving the new mortgage term, and

attendance of the bank’s authorized signatory4- Three new Mortgage Contracts certified by the mortgagee bank

and signed by both parties

Fees

• Mortgage Term Amendment Fees of 1,000 Dirhams or 0.25% of the Mortgage value increase + 250 Dirhams as Title Deed issuance fees + Knowledge Dirham Fee of 10 Dirhams (added to each fee)

• Urgent processing fees (For UAE Nationals in non-freehold areas): 5,000 Dirhams

• Innovation Dirham fees

Time Needed

20 - 25 minutes

11

Request for Registration of Mortgage Amendment (Deferred Sale)

This service allows clients to apply to register a deferred sale mortgage amendment through the registration of an amendment on the increase or decrease of the period, surface or name in the mortgage contract based on the letter from the financer.

Required Documents

1- Original Deferred Sale Contract 2- Original Mortgage Contract 3- Letter from the bank approving the new mortgage term, and

attendance of the bank’s authorized signatory4- Attendance of the owner to sign relevant documents.

Fees

• Mortgage Term Amendment Fees of 1,000 Dirhams• Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas)• 5,000 Dirhams • Innovation Dirham fees

Time Needed

20 - 25 minutes

12

Request for Registration of Mortgage Amendment (Oqood)

This service allows clients to apply to register a primary registration mortgage amendment through the registration of an amendment on the increase or decrease of the period, surface or name in the mortgage contract based on the letter from the financer.

Required Documents

1- Original Mortgage Contract 2- Letter from the bank approving the amendment (variation of the

term or amount, or addition of remarks), and attendance of the bank’s authorized signatory

3- Three new Mortgage Contracts 4- Title Deed

Fees

1- Mortgage Term Amendment Fees of 1,000 Dirhams2- 0.25% of the Mortgage value increase3- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas)• 5,000 Dirhams • Innovation Dirham fees

Time Needed

20 - 25 minutes

13

Request for Registration of Mortgage Transfer

This service allows clients to apply to register a mortgage transfer / portfolio mortgage through which the mortgage is transferred from one bank to another based on a letter from the financer.

Required Documents

1. Title Deed2. Original mortgage contract 3. Letter from the bank approving the transfer of mortgage, and

letter from the new financer 4. Three Mortgage Contracts certified and signed by both parties5. Copy of valid Passport of the owner

Fees

1- 0.25% of the new mortgage value2- 250 Dirhams as Title Deed Issuance Fees3- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas)• 5,000 Dirhams • Innovation Dirham fees

Time Needed

20 - 25 minutes

14

Request for Registration of Mortgage Transfer (Deferred Sale)

This service allows clients to apply to register the mortgage transfer of a deferred sale in case the mortgagor wishes to transfer the mortgage right from one entity to another or from one bank to another. This service is provided through the Real Estate Registration Services Department - Projects Registration Section.

Required Documents

1- Original Deferred Sale Contract 2- Original Mortgage Contract 3- Letter from the mortgagee approving the transfer of mortgage4- Letter from the new mortgagee, and attendance of the bank’s

authorized signatory5- Attendance of the owner to sign relevant documents.

Fees

1- 0.25% of the new mortgage value2- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas)• 5,000 Dirhams • Innovation Dirham fees

Time Needed

20 - 25 minutes

15

Request for Registration of Mortgage Transfer (Usufruct)

This service allows clients to apply to register the mortgage transfer of a usufruct in case the mortgagor wishes to transfer the mortgage right from one entity to another or from one bank to another. This service is provided through the Real Estate Registration Services Department - Projects Registration Section.

Required Documents

1- Original Title Deed 2- Original Mortgage Contract 3- Letter from the mortgagee approving the transfer of mortgage4- Letter from the new mortgagee, and attendance of the bank’s

authorized signatory5- New Mortgage Contracts.

Fees

1- 0.25% of the new mortgage value2- 250 Dirhams as Title Deed Issuance Fees3- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas)• 5,000 Dirhams • Innovation Dirham fees

Time Needed

20 - 25 minutes

16

Request for Registration of Mortgage Transfer (Oqood)

This service allows clients to apply to register the mortgage transfer of a primary mortgage in case the mortgagor wishes to transfer the mortgage right from one entity to another or from one bank to another. This service is provided through the Real Estate Registration Services Department - Projects Registration Section.

Required Documents

1- Original Oqood Contract 2- Original Mortgage Contract 3- Letter from the mortgagee approving the transfer of mortgage4- Letter from the new mortgagee, and attendance of the bank’s

authorized signatory5- Attendance of the owner to sign relevant documents.

Fees

1- 0.25% of the new mortgage value2- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas)• 5,000 Dirhams • Innovation Dirham fees

Time Needed

20 - 25 minutes

17

Request for Registration of Mortgage Discharge (Oqood)

This service allows clients to apply to register mortgage discharge through the discharge of mortgage from the lease contract based on a letter from the financer.

Required Documents

1- Original Oqood Contract 2- Original letter from the mortgagee approving the discharge of

mortgage3- Original Mortgage Contract (Attendance of the owner is not required)

Fees

1- Mortgage Discharge Fees of 1,000 Dirhams2- Knowledge Dirham Fee of 10 Dirhams (added to each fee)

Urgent processing fees (For UAE Nationals in non-freehold areas)• 5,000 Dirhams • Innovation Dirham fees

Time Needed

20 - 25 minutes