The short answer
Off-plan mortgage registration is possible through the relevant DLD services, but having Oqood does not guarantee that a bank will lend. The lender must approve the borrower, property and proposed financing. Confirm those conditions before relying on a future loan to meet a payment milestone.
What does the official registration route cover?
DLD publishes a developer service for an initial sale accompanied by a mortgage where financing is available to the buyer. It also publishes a mortgage-registration service which includes provisional mortgages. The bank and authorised registration parties should identify which route fits your case.
These services establish a registration mechanism. They do not tell you that every project, construction stage or buyer is eligible for a particular lender’s product.
What should I ask the bank?
| Topic | Question |
|---|---|
| Project eligibility | Will you finance this exact project and unit at its current stage? |
| Borrower approval | What income, residency, credit and other criteria apply to me? |
| Release timing | When can funds actually be drawn, and which milestones must be satisfied? |
| Own contribution | Which amounts must I fund myself, including fees? |
| Offer conditions | How long is the offer valid, and what can change before drawdown? |
| Registration | Which Oqood, developer and mortgage documents are needed? |
| Exit | What happens if I sell or need to repay before the planned term? |
Keep the written offer and its conditions. A general affordability discussion or initial approval is not a substitute for confirming that funds can be released for this transaction.
Which documents are involved?
For an individual initial sale with mortgage, DLD lists purchase and identification documents, plus a bank letter describing the mortgage value and date and the signed mortgage contracts. Company requirements differ. Obtain the full checklist from the bank and current official service.
Keep a consistent property reference across the SPA, Oqood and finance file. Resolve any buyer or unit mismatch before it becomes an issue at registration.
How much is mortgage registration?
The DLD mortgage-registration fee is listed as 0.25% of the mortgage value. For illustration, 0.25% of an AED 800,000 mortgage is AED 2,000. Other applicable official charges and bank or professional costs are separate.
This percentage concerns the mortgage amount; it should not be confused with the initial-sale registration percentage on the sale value. Ask for one itemised completion statement showing each basis and recipient.
What if the property later completes or I sell?
Ask the lender how the mortgage and documents are handled when final registration occurs. If selling, establish the settlement, release and transfer sequence before promising that the buyer can take over the loan or payment plan.
A question you can use
Please confirm that this project and unit qualify for financing now, the conditions before funds are released, the registration route, the total fees and the procedure if completion or resale occurs before the loan is fully repaid.
Questions people ask
Does every bank accept Oqood as security?
No universal lender acceptance is established by the existence of a registration service. Ask the specific bank about the exact transaction.
Does paying a developer instalment mean my mortgage will be approved?
No. Developer payments and bank underwriting are separate. Confirm financing before relying on it.
Is a developer payment plan a mortgage?
Not automatically. Identify whether a lender is involved, what agreement creates the obligation and whether a mortgage is being registered.