Blocking Procedure

Documents Required:

> Title deed copy.
> MOU form F.
> NOC from developer.
> Liability letter from the bank.

(Liability letter format guidelines)
*Addressed to Dubai land department.
*Issued in Arabic.
*Mention in Arabic the sentence (The bank undertakes and authorizes DLD to release the mortgage if the debtor paid the entire liability amount mentioned in this letter upon providing clearance letter regardless of any other obligation on the debtor against the bank ).
> Manager Cheque to the name of the bank.
> Manager cheque for Dubai Land Department- Original
> Manager cheque for the seller (Balance Amount) - Original.
> Passport, visa and ID.
After the blocking, documents required are:

> Original title deed - or Oqood.
> Release mortgage letter.
> NOC from developer.

     Dubai Land Department Fees:

> 4% + 580 units, 430 for Land and Villa.
> 1020 Dhs to Dubai Land Department. (Manager cheque)

 Registration Trustee Fees:

> If the price is more then 500,000 Dhs will be 4000 Dhs.
> If less than 500,000 Dhs trustee fees will be 2000 Dhs.

 

 

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