How to register the sale of mortgaged property in Dubai ?

This service helps people who have a mortgage on a property to ask the bank to keep the property until they pay back the money they owe. This makes sure that both the person who borrowed the money and the bank are treated fairly. Once the person pays back the money, the bank will give them a letter saying they don't owe any more money and then they can sell the property.

Documents Required for sale of mortgaged property in Dubai

Individuals

• Debit certificate or a letter from the developer with remaining amount

• Emirates ID Card of the buyer & seller (For identification only, no photo is taken)/ copy of valid passport copy for Non-residents

• 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 (if any)

  • cheque in the name of Dubai Land Department with 4% as sale fees

• Power of Attorney in case they are appointing someone on their behalf

Companies

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

How to apply for sale of mortgaged property in Dubai ?

Via the service centre

Step 1: The parties concerned with the transaction (the seller and the buyer) visit one of the real estate registration trustee offices to restrict a property for sale

Step 2: The customer submits the required documents to the real estate registration trustee employee and ensures they are complete and stored on the digital safe.

Step 3: The transaction data is entered into the system and verified by the employee.

Step 4: The customer pays the fees and receives a receipt via email.

Step 5: Following the verification of a DLD audit officer, a link (real estate registration certificate) is sent to the seller and buyer by email, and a check for the bank’s debit certificate is delivered to the seller to complete their procedures with the bank to extract the mortgage release certificate.

Step 6: After the parties (seller or buyer) submit the mortgage release letter, the property registration procedure is completed (mortgage release procedure, sale procedure and mortgage procedure, if any).

Fees

AED 1,000 for Restricting the Property 

AED 10 Knowledge fees 

AED 10 Innovation fees 

Registration Trustee Fees: AED 525 

Mortgage release fee: AED 1,290 

Registration trustee fee to release the mortgage: AED 315

For the sale procedure (4% of sale value)

Registration trustee fees for the sale procedure is according to the value of the property. If the value is less than AED 500,000, the fees will be AED 2,100; if it was equal to or above AED 500,000, the fees will be AED 4,200

AED 100 Land Map Fees for lands that are not subject to the authority of Dubai Municipality

AED 325 Land Map Fees for the unified map with Dubai Municipality

AED 250 for buildings and apartments

Title deed fee: AED 250

AED 10 Knowledge fees added to each fee

AED 10 Innovation fees added to each fee

Mortgage fee (if any) - 0.25% of the mortgage value

Title deed issuance fee: AED 250

AED 100 Land Map Fees for lands that are not subject to the authority of Dubai Municipality

AED 325 Land Map Fees for the unified map with Dubai Municipality

AED 250 for buildings and apartments

AED 10 Knowledge fees added to each fee

AED 10 Innovation fees added to each fee

NOTE:
The registration trustee's fees will be exempt if the mortgage is registered on the same day. But, if the mortgage is registered on the next day or after, the trustee's fee will be charged at AED 4,000 + VAT on Service Partners fees

Time Required for sale of mortgaged property in Dubai

15-20 Minutes