Handover Payment Mortgage Financing
Ease the burden of your final off-plan handover payment with a mortgage that spreads the cost over up to 25 years — instead of paying a large balance in cash.
Turn your handover balance into monthly payments
Purchasing an off-plan property in Dubai or the UAE often involves a significant final payment at handover. This can be a daunting financial challenge when the project completes and the keys are ready to be handed over.
MOVA offers a tailored handover payment mortgage solution, allowing you to convert this lump-sum payment into manageable monthly instalments. This approach not only eases your immediate financial burden but also maintains your cash liquidity.
Our solution spreads the remaining balance over a long term, up to 25 years, providing you with the flexibility and financial stability needed to enjoy your new property without stress.
Handover payment calculator
See how your final handover balance turns into a monthly mortgage payment. Choose your residency, enter the balance and adjust the term — figures are indicative and depend on the bank valuation.
Who a handover mortgage suits
First-Time Buyers
- Up to 80% LTV available
- Maintain cash liquidity
- Long-term payment plan
International Investors
- Access to UAE property market
- Lower LTV options
- Spread financial commitments
Portfolio Expansion
- Enhance property portfolio
- Manageable monthly payments
- Avoid large cash outflows
How it works
Initial consultation
Discuss your financial needs and property details with our expert advisors.
Bank valuation
Obtain a property valuation from the bank to determine the eligible mortgage amount.
Document preparation
Gather the necessary documents, including Oqood/SPA and developer statement of account.
Mortgage registration
Register the mortgage with the DLD upon project completion and handover.
A worked example
For example, if your handover payment is AED 500,000 and you secure a 70% LTV mortgage, you would finance AED 350,000. Spread over 25 years, this could mean monthly payments of approximately AED 1,700, depending on the interest rate. This is an illustrative example — your exact figures depend on the bank valuation, rate and term.
Key considerations
Ensure that you initiate the mortgage process well before the developer's final payment deadline to avoid penalties.
Consider the Debt Burden Ratio (DBR), which must not exceed 50% of your income to qualify for the mortgage.
Required Documents
To proceed with your handover mortgage, you'll need the following documents:
FAQ — Handover payment mortgage
What is a handover payment mortgage?
A handover payment mortgage allows you to finance the final payment of an off-plan property, converting it into monthly instalments over a long term.
Who is eligible for a handover payment mortgage in the UAE?
Both UAE residents and non-residents can apply, subject to meeting the bank's criteria and LTV limits.
What documents are required for a handover mortgage?
Key documents include your Oqood/SPA, developer's statement of account, and proof of income.
How does the loan-to-value (LTV) ratio affect my mortgage?
The LTV ratio determines the amount you can borrow, with up to 80% available for residents on their first property.
What is the Debt Burden Ratio (DBR)?
DBR is the percentage of your income used for debt payments, which must not exceed 50% to qualify for a mortgage.
Is it necessary to register the mortgage at the DLD?
Yes, the mortgage must be registered with the Dubai Land Department upon completion of the property.