Mortgage, lease to own and finance lease at DLD

DLD records a bank's financing on a property in three main ways. A mortgage: you are the owner and the bank holds a registered mortgage; DLD charges 0.25% of the mortgage amount. Lease to own (Ijarah ending with ownership): the usual Islamic route when buying; the bank's right is registered as a lease and you become the full owner after the last payment; DLD charges the 4% sale fee plus 0.25% of the rental value. A finance lease: Islamic financing registered on a property you already own with a normal title deed; 0.25% of the finance value. Each has matching services: amendment (0.25% of any increase, or AED 1,000 if only the term changes), transfer to another bank (0.25% of the new amount), and release when the finance is paid off (AED 1,000 plus a new title deed). Banks often file mortgage work online themselves; lease-to-own and finance-lease work is done at a Real Estate Registration Trustee office. For releases the bank's letter must be in Arabic. Off-plan (Oqood) units follow the provisional register and usually need the developer's e-NOC, and trustees charge a higher fee (AED 5,000 + VAT) for provisional mortgage work. Banks rarely finance DLD fees, so budget them in cash. Ask our staff which product your bank uses before booking.