WHAT WE DO

WHAT WE DO

Mortgage

Property Mortgage Registration

A mortgage is a long-term loan usually used for purchasing a domestic or commercial property. The lender, normally a bank, will then take monthly payments (instalments) to recover the loan amount from the borrower.

A mortgage in the UAE is paid in instalments that include both interest and a payment on the principle amount that has been borrowed.

OnTime Property Registration helps individuals complete all their mortgage service registrations and transactions in an easy and cost effective way.

Modify Mortgage

Required Documents:

  • Original Title Deed.
  • Original mortgage contract.
  • Letter from the bank.
  • 3 New mortgage contracts.
  • Original passport, visa, Emirates ID
  • Land Department Fees:
    1,290 AED to modify the mortgage.
    0.25% of new mortgage price + 290 AED.
  • Registration Trustee Fees:
    300 AED If increasing or reducing the period.
    2,000 AED If increasing or reducing the price

Delayed Mortgage

Required Documents:

  • Original Title Deed.
  • Original Mortgage Letter from Bank.
  • 3 Original mortgage contracts stamped by the bank..
  • Original passport, visa, Emirates ID.
  • Land Department Fees:
    0.25% of Mortgage price +20 AED
  • Registration Trustee Fees: 4,000 AED.

Development Mortgage

Required Documents:

  • Original Title Deed.
  • Original Mortgage Letter from bank..
  • 3 Original mortgage contracts stamped by the bank..
  • Original passport, visa, Emirates ID
  • Land Department Fees:
    0.25% of Mortgage price +20 AED.
  • Registration Trustee Fees: 4,000 AED.

Lease to Own

Required Documents:

  • Original Title Deed.
  • No Objection Certificate (NOC) from Developer.
  • MOU Sale agreement form (F).
  • Original Lease Letter from bank.
  • Original passport, visa, Emirates ID (seller and buyer).
  • Land Department Fees:
    0.25% of mortgage price + 290 AED 4% of sale price + 580 AED (If Apartment) or 430 AED (If land or villa)
  • Registration Trustee Fees: 4,000AED if the price of the property equal or more than 500,000AED.
  • 2,000 if the price of the property less than 500,000AED

Finance Lease

Required Documents:

  • Original Title Deed.
  • Original Finance Lease Letter from bank
  • Original passport, visa, Emirates ID.
  • Land Department Fees:
    0.25% of mortgage price + 580 AED if (Apt. Villa) or 430 AED if (Land)..
    25% of the mortgage value to Dubai Land Department (Manager Chq) + AED 290 AED.
  • Registration Trustee Fees:
    4,000 AED

Delayed Sell Lease to Own Registration

Required Documents:

  • Original Delayed Sale contract.
  • No Objection Certificate (NOC) from Developer.
  • MOU Sale agreement form (F).
  • Original Lease Letter from bank
  • Original passport, visa, Emirates ID (seller and buyer) .
  • Land Department Fees:
    0.25% of mortgage price +20 AED.
    4% of sale price + 40 AED..
  • Registration Trustee Fees:
    4,000 AED if the price of the property equal or more than 500,000 AED
    2,000 AED if the price of the property less than 500,000 AED.

Mortgage for LLC Company

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)
    25% of the mortgage value to Dubai Land Department (Manager Chq) + AED 290 AED.
  • Registration Trustee Fees:
    4,000 AED if the price of the property equal or more than 500,000 AED.
    2,000 AED if the price of the property less than 500,000 AED

Mortgage for Free Zone Company

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).
    25% of the mortgage value + AED 290 to Dubai Land Department (Manager Chq).
  • Registration Trustee Fees:
    4,000 AED if the price of the property equal or more than 500,000 AED..
    2,000 AED if the price of the property less than 500,000 AED.
  • Free Zone (In Dubai) Incumbency Valid is, If: Company is a seller; (10 working days) from the date of certificate issued, or Company is a buyer; (two months) from the date of certificate issued. If the company owned by (one or two) person(s) and (he or they) will sign no need for shareholder resolution.
  • Mortgage for Offshore Company

    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).br /> 25% of the mortgage value + AED 290 to Dubai Land Department (Manager Chq)
    • Registration Trustee Fees:
      4,000 AED if the price of the property equal or more than 500,000 AED.
      2,000 AED if the price of the property less than 500,000 AED
  • Offshore Overseas Company (e.g. BVI) Incumbency Valid is:
  • For Sell/Buy, (two months) from the date of certificate issued.
  • An Offshore Overseas Company (e.g. BVI) must be registered in any free zone in Dubai to purchase a property. 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.