Oqoodi
Oqoodi
- Oqoodi Contract
- NOC
- MOU
- Passport Copies + original (buyer & seller)
- Power of Attorney
Land Department Fees
- 4% of sale price + AED 40
Registration Trustee Fees
- AED 3,500 + AED 175 (5% VAT) if the sale price is less than 500,000
- AED 5,000 + AED 250 (5% VAT) if the sale price is 500,000 or more
- Note: if the seller has a power of attorney, the fees are 8% for Dubai Land Department and AED 10,000 + AED 500 (5% VAT) for office trustee
Request of Registering a Mortgage - Oqood
- Oqood sale contract
- A letter from the mortgagee bank and the presence of the authorized person from the bank
- Three mortgage contracts certified from the mortgagee bank
Land department fees
- 25% of the mortgage value + AED 290 as knowledge surcharge
Registration Trustee Fees:
- AED 4,000 + AED 200 (5% VAT)