Mortgage

Mortgage

Service Requirements:

• Original Title Deed.

• Original passport, visa, Emirates ID.

• The Mortgage letter from the bank.

• 3 Original mortgage contracts stamped by the bank.

Land Department Fees:

• 0.25% of Mortgage price + 290 AED.

Registration Trustee Fees:

• 4,000 AED + 200 AED (5% VAT)

• For selling 2 years.

• For buying 5 years.

Mortgage.

Required Documents:

• Original title Deed.

• Original NOC from Developer.

• Mortgage Letter.

• 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).

• Company Stamp.

• 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:

1. Original title Deed.

1. No objection certificate (NOC) from Developer.

1. No objection certificate (NOC) from Free Zone (Only for buying) (for selling not required).

1. Mortgage letter from the bank.

1. 3 Original mortgage contracts stamped by the bank.

1. Certificate of Good Standing.

1. Certificate of Incorporation.

1. Certificate of Incumbency.

1. Memorandum of Association. (Arabic legal translation).

1. Shareholder Resolution. (Arabic legal translation).

1. Company Stamp.

1. 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:

1. Original title Deed.

1. No objection certificate (NOC) from Developer.

1. No objection certificate (NOC) from a Free Zone. (Only for buying) (for selling not required).

1. No objection certificate (NOC) from Dubai Land Department. (Only for buying) (for selling not required).

1. Mortgage letter from the bank.

1. 3 Original mortgage contracts stamped by the bank.

1. Certificate of Good Standing. (Attestation + Arabic legal translation).

1. Certificate of Incorporation. (Attestation + Arabic legal translation).

1. Certificate of Incumbency. (Attestation + Arabic legal translation).

1. Memorandum of Association. (Attestation + Arabic legal translation).

1. Shareholder Resolution. (Attestation + Arabic legal translation).

1. Company Stamp.

1. 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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