Match the project to a bank
Not every lender likes every developer. We check this community first so you do not apply into a decline.
Handover finance
Handover Mortgage Finance in Dubai
The building is finishing. The loan should already be in motion.
Turn the money already paid to the developer into a bank mortgage at delivery, without a last-minute cash scramble.
Handover finance is the mortgage arranged as an off-plan unit completes. Developer instalments become the buyer’s equity. The bank funds the rest at transfer from the developer.
Off-plan in Dubai is paid to the developer during construction. At completion you need a bank, or a lot of cash. Handover notices can be short. A file that starts the week the email arrives is how people miss the window.
Start 8–12 weeks before expected delivery. Pre-approval, the SPA, payment receipts, and a lender that actually finances this developer should already be moving.
If the building is still going up and you want a loan now, that is a different page: off-plan during construction. Some banks will do it, depending on the developer, how much is built, and your profile. This page is for the last stretch to the keys.
- Start before the handover notice, not after.
- Developer, community, and unit type checked against lenders who will complete.
- SPA and receipts treated as part of the mortgage file.
- Snagging delays planned for, not treated as a new application.
- Transfer aligned with the developer’s appointment, not a guess.
Oqood, title, and the last payment
Until registration, you may still be on Oqood rather than a title deed. The bank, the developer, and DLD have a sequence. The remaining percentage due at handover is not a surprise if the SPA is read early. It is a surprise if you only look at the original brochure.
Bridging cash
If the mortgage is late and the developer wants the balance, some buyers scramble for a short-term loan. That is expensive. The cheaper version is starting the mortgage file 8–12 weeks out.
How it works
What we do before the notice arrives
SPA and what you have paid
The sale contract and receipts show equity already in. Keep them. Missing invoices are a common query.
Pre-approval while you wait for keys
The letter can be in hand before snagging ends. Valuation often waits until the unit is inspectable.
If completion slips
Dates move. We keep the file live. A six-week delay should not mean starting as a new customer.
See what you can borrow.
A Crelco advisor maps the file, compares banks, and you decide. Crelco does not charge any consultation fees.
Documents
What we typically ask for
- SPA / sale and purchase agreement
- All developer payment receipts
- Passport, visa, Emirates ID if resident
- Income documents and statements
- Any variation or delayed-handover notices
Exact lists vary by bank and employment type. We collect only what the file requires.
Also useful
Related at Crelco
Questions
Asked, answered.
Direct answers first. If yours is not here, an advisor will take documents, timing, and the bank that actually fits.
Private consultation
Speak with a Crelco mortgage advisor.
Independent advice. Banks compared for your file. Crelco does not charge any consultation fees.