The UAE has unveiled a groundbreaking digital mortgage release model that cuts processing time to just one working day after loan repayment—eliminating physical visits, paperwork, and procedure delays.
Why This Matters
The traditional mortgage release process burdened homeowners with:
- Multiple in-person visits to various government entities
- Inconsistent documentation requirements across emirates
- Lack of integrated digital systems, resulting in delays.
Under the new model, direct debit cancellations are automatically processed by Emirates Development Bank once a loan is cleared. Thanks to seamless digital integration between the Ministry of Energy & Infrastructure (MoEI), Emirates Development Bank, and land registries, borrowers no longer need to visit offices or submit six separate documents. The entire process now wraps up in a single day.
How It Works
- Loan Fully Repaid
Emirates Development Bank triggers automatic direct debit cancellation. - Digital Notification
MoEI, the bank, and land registries receive live updates—eliminating the need for manual steps. - Mortgage Release Issued
Within one working day, notifications are sent, and the mortgage is officially released.
The country achieves zero bureaucracy—no documents, no visits, no delays.
Voices Behind the Change
- Sharif Al Olama, Undersecretary at the MoEI, affirmed this aligns with the UAE’s smart government goals and emphasizes user-centric service design.
- Mohammed Bin Taliah, Chief of Government Services, noted this is a leap forward in federal–local integration and digital transformation.
- Omar bin Omair Al Muhairi of Ajman’s Land & Real Estate Regulation highlighted the emirate’s role in piloting and shaping future real estate services.
Impact on the Real Estate Market
- Faster Property Releases: Homeowners can clear mortgages and take ownership almost instantly—boosting flexibility.
- Better Customer Experience: No visits or red tape improves satisfaction.
- Higher Market Liquidity: Quick turnover encourages more transactions.
- Investor Friendly: An efficient system reduces delays and fosters confidence in the market.
In Summary
The UAE’s one-day mortgage release model is more than a service improvement—it’s a strategic move toward a fully digital, agile, and customer-first government. By eradicating paperwork and streamlining workflows, the UAE reinforces its position as a global leader in smart real estate and fintech innovation.
What You Should Do
If you’ve recently paid off your mortgage:
- Confirm your emirate is part of the digital system rollout
- Expect direct debit cancellation and official notification within a day
- Enjoy a faster, paper-free homeownership experience
For property buyers, investors, and realtors, this means faster transactions with less hassle.
Interested in leveraging this improved process?
Contact us to schedule a free consultation—we’ll guide you through optimizing your real estate transition in the UAE’s evolving digital landscape.
Source: https://www.arabianbusiness.com/