Blocking

Blocking of the Property (Step-1)

Required Documents:

• Updated copy of title deed, Initial contract
• No Objection certificate (NOC) from developer
• MOU Sale Agreement Form (F)
• Liability letter from bank addressed to Dubai Land Department (In Arabic)
• Original passport, visa, EID (seller and buyer)
• Three Manager chqs distributed as follow:
  • One chq on the name of bank in the debt amount.
  • One chq on the name of seller of remaining amount.
  • One chq on the name of Dubai Land Department in regards to transfer fee

Fees:

• 4 % of selling price +( AED 580 If Flat or Villa) or + (40 AED If off plan) or + (430 AED If Land).
• 1520 AED + 25 AED (5% VAT) for entering the transaction blocking service (Cash).
• 4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than 500,000 AED.
• 2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED

Release Mortgage and Sale (Step 2)

Required Documents:

• Original title deed.
• Release Mortgage Letter from the bank

DLD Fees::

• AED 1,290 Release Mortgage.
• AED 1,560 In case of Islamic Bank

Trustee fees:

• AED 300 + 15 AED (5% VAT)