Services

Oqoodi

Oqood contract
Memorandum of understanding
No objection certificate
Original passport + copy

Mortgage Registration for Oqoodi Sale
Required documents
  • Oqoodi Contract 
  • Passport Copy of Owner 
  • Emirates ID
  • Mortgage Letter from Bank (stamped & signed by the bank)
  • 3 Original Mortgage Contracts (stamped & signed by the bank & customer)

 

*Note: Application should be submitted by Bank Representative

Service Fees

Land department fees:

  • 0.25% of mortgage price + AED 290

 

Registration trustee fees:

  • 5000 AED

 

Mortgage Adjustment for Oqoodi Sale
Required documents
  • Copy of Oqoodi Contract
  • Passport Copy of Owner
  • Emirates ID
  • Previous Mortgage Contract 
  • Mortgage Adjustment Letter from Bank
  • 3 Mortgage Contracts
Service fees

Land department:

  • 0.25% of mortgage increase price + AED 10

AED 1000 in case of decrease in mortgage price/increase or decrease in duration of loan or addition of term or condition. In the event of two of the above services are required the payments will be joined. i.e. (Mortgage price increase 0.25% + AED 10, & decrease in duration of loan + AED 1000)

 

Registration trustee fees:

Mortgage Increase: AED 2000

Other Changes: AED 300

Mortgage Transfer for Oqoodi Sale
Required documents
  • Oqoodi Contract 
  • Passport Copy of Owner
  • Emirates ID
  • Letter from Current Bank (to transfer loan) 
  • Letter from New Bank 
  • 3 Mortgage Contracts (stamped & signed by the bank & the customer)
Service Fees

Land department fees:

  • 0.25% of mortgage price + AED 290

 

Registration trustee fees:

  • AED 5000
Mortgage Discharge for Oqoodi Sale
Required documents
  • Original Oqoodi Contract 
  • Clearance Letter from Bank 
  • Passport Copy of Owner
  • Emirates ID
Service Fees

Land department fees:

  • AED 2010

 

Registration trustee fees:

  • AED 1200
Oqoodi
Required documents
  • Oqoodi contract
  • Memorandum of Understanding (MOU) (Standardized - DLD Format Form F)
  • No Objection Certificate from Developer (NOC)
  • Original passport + Copies (buyer & seller)
  • Emirates ID
  • Power of Attorney ()If available
Service Fees


Land department fees:

  • Buyer: 2% from sale amount + 10 AED knowledge fees
  • Seller: 2% from sale amount + 10 AED knowledge fees

 

Registration trustee fees:

  • 5000 AED if sale amount 500,000 AED or more
  • 3500 AED if sale amount less than  500,000 AED