What happens when I sell my house with my mortgage?

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1196185

2026-09-07 09:30

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When you sell the mortgaged property, the first thing is you have to pay the remaining loan. In most cases, the buyer's bank settles the outstanding mortgage directly with your bank, and the remaining sale amount is then transferred to you. It's a structured process that involves both banks, Dubai Land Department, and sometimes a trustee to make sure everything is done smoothly and legally.

I also want to buy a property with mortgage, so to understand the whole process in depth, I read some property related blogs on websites like Property Finders, Property Shoma, and Dubizzle.

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