**Notice in regards to Jebel Ali Free Zone and UAE Corporate Tax Law**
Jebel Ali Free Zone and UAE Corporate Tax Law.
Learn more Learn more
Learn more Learn more
Your browser is out-of-date!

Update your browser to view this website correctly. Outdated Browser

×

  |  viewed 134 times

Building Mortgage

The Customer may mortgage the Company’s assets (real estate, commercial, shares) to obtain financing from a lender. The Customer has the option to amend, renew and release their Mortgage.

Process Steps

  1. Customers can log in to Dubai Trade Portal
  2. Navigate to “Registration” and select “Mortgage or Pledge- Approval.”
  3. Select ‘New Building Mortgage’, ‘Change Building Mortgage’ or ‘Cancellation of Mortgage – Building Mortgage’ to submit a request for the corresponding service required.

Documents Required

  • Resolution from the Company regarding Building Mortgage written on FZE’s/FZCO’s Letterhead.
  • Building Mortgage Application “Deed” and Mortgage Contract (to be signed in Jafza)
  • Certificate of Completion (75% Complete) From Trakhees – Civil Engineering Department
  • Letter from the Bank (Signed by Power of Attorney (POA) holder)
  • Covenant for Assignment From Bank (Available in Jafza.ae – Customers- Forms & E-services – Commercial).
  • Power of Attorney from the Bank and Company with Passport Copy of Power of Attorney (POA) holder
  • Building evaluation report
  • License Copy of the Bank
  • Resolution regarding the Amendment signed by the authorised signatory written on FZE’s/FZCO’s Letterhead
  • Amendment of Building Mortgage Application must be signed before the Jafza Registrar
  • Power of Attorney from both Parties, the Company and the Bank (notarised and attested)
  • Passport copy of the Power of Attorney (POA) holders
  • Original Mortgage Certificate
  • Request letter from Bank duly signed by the Power of Attorney (POA) holders
  • Request letter from the Company duly signed by the Power of Attorney (POA) holders
  • Release of Building Mortgage Application must be signed before the Jafza Registrar
  • Power of Attorney from both Parties, the Company and the Bank (notarised and attested)
  • Passport copy of the Power of Attorney (POA) holders
  • Original mortgage certificate
  • Request letter from Bank duly signed by the Power of Attorney (POA) holder
  • Request letter from the Company duly signed by the Power of Attorney (POA) holder

Fees

New/Change

0.12% of the total value of the Mortgage
Mortgage certificate feesAED 200
Specimen Signatures (each)AED 50

Cancellation

Release Mortgage letterAED 500

Was this article helpful?

Processing Time

3-5 working days

Courier fee

  • AED 10 within the Free Zone
  • AED 20 outside the Free Zone

Access control

This service requires portal access on Dubai Trade by a company administrator

Need more information?

Visit Dubai Trade, our service arm to help resolve any question you may have regarding Jafza.

dubaitrade.ae
Learn about Jafza

Trending articles

scroll back to top
We use cookies on this site to enhance your user experience. By continuing to browse this website you agree to our use of cookies.
We use cookies on this site to enhance your user experience. By continuing to browse this website you agree to our use of cookies.
Agree, and proceed Agreed
Agree, and proceed Agreed