Mortgage.
Required Documents:
- Original NOC from Developer.
- 3 original mortgage contracts stamped by the bank.
- Trade license with valid full set of the parties.
- Board of Resolution/Power of attorney (Documents Required).
- Original passport, visa, Emirates ID (seller and buyer).
Land Department Fees:
- 4% from selling price + 580 AED (If Apartment, Villa) or + 430 AED (If Land) (Manager chq).
- 0.25% of the mortgage value to Dubai Land Department (Manager Chq) + AED 290 AED.
Registration Trustee Fees:
- 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.
Mortgage.
Note: If Free Zone Company own by Individual, required documents are listed below.
Required Documents:
- Original title Deed.
- No objection certificate (NOC) from Developer.
- No objection certificate (NOC) from Free Zone (Only for buying) (for selling not required).
- Mortgage letter from the bank.
- 3 Original mortgage contracts stamped by the bank.
- Certificate of Good Standing.
- Certificate of Incorporation.
- Certificate of Incumbency.
- Memorandum of Association. (Arabic legal translation).
- Shareholder Resolution. (Arabic legal translation).
- Company Stamp.
- Original passport, visa, Emirates ID (seller and buyer).
Land Department Fees:
- 4% from selling price + 580 AED (Manager chq).
- 0.25% of the mortgage value + AED 290 to Dubai Land Department (Manager Chq).
Registration Trustee Fees:
- 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.
NOTE: The Incumbency certificate is Valid
Free Zone (In Dubai): Incumbency Valid is, If:
if issued in UAE (For selling 30 days, For buying 180 Days)
if issued in Out side UAE (For selling 90 days, For buying 180 Days) .
Note: If the company owned by (one or two) person(s) and (he or they) will sign no need for shareholder resolution.
Mortgage.
Note: If Free Zone Company own by Overseas Company (e.g. BVI), required documents are listed below.
Required Documents:
- Original title Deed.
- No objection certificate (NOC) from Developer.
- No objection certificate (NOC) from a Free Zone. (Only for buying) (for selling not required).
- No objection certificate (NOC) from Dubai Land Department. (Only for buying) (for selling not required).
- Mortgage letter from the bank.
- 3 Original mortgage contracts stamped by the bank.
- Certificate of Good Standing. (Attestation + Arabic legal translation).
- Certificate of Incorporation. (Attestation + Arabic legal translation).
- Certificate of Incumbency. (Attestation + Arabic legal translation).
- Memorandum of Association. (Attestation + Arabic legal translation).
- Shareholder Resolution. (Attestation + Arabic legal translation).
- Company Stamp.
- Original passport, visa, Emirates ID (seller and buyer).
Land Department Fees:
- 4% from selling price + 580 AED (Manager chq).
- 0.25% of the mortgage value + AED 290 to Dubai Land Department (Manager Chq).
Registration Trustee Fees:
- 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.
NOTE: The Incumbency certificate is Valid
Free Zone (In Dubai): Incumbency Valid is, If:
if issued in UAE (For selling 30 days, For buying 180 Days)
if issued in Out side UAE (For selling 90 days, For buying 180 Days) .
NOTE: An Offshore Overseas Company (e.g. BVI) must be registered in any free zone in Dubai to purchase a property.
NOTE: All Offshore Overseas Company (e.g. BVI) documents must be attested in Ministry of Foreign Affairs Home Country, UAE Embassy Home Country and Ministry of Foreign Affairs in UAE + Arabic legal translation.
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