Two banking tracks, one completion

A financed resale may involve the buyer’s valuation and final approval while the seller obtains a liability statement and prepares mortgage release. When comparing MKDXB properties, identify the mortgage status before agreeing to a completion date.

• Buyer approval and seller release are separate workstreams.
• The property status shapes the sequence.
• The completion date should follow confirmed bank milestones.

Valuation and final approval

A pre-approval does not guarantee final finance for a particular unit. The buyer’s bank normally assesses the property and file before issuing final terms. Review the project and developer context through the MKDXB developer directory, but rely on the lender for the live lending decision.

• Do not treat pre-approval as final property approval.
• Allow time for valuation access and document review.
• Plan for a valuation that may differ from the agreed price.

Seller settlement and release

If the property is mortgaged, settlement and release documents may need to occur before the final transfer can be completed. Contact MKDXB to map which party, bank or representative is responsible for each letter, payment and appointment.

• Request current bank requirements, not an old checklist.
• Track liability-letter validity and settlement instructions.
• Keep proof of release with the transaction file.

Create one integrated timeline

Combine buyer valuation, final approval, seller liability statement, settlement, mortgage release, NOC, payment preparation and trustee booking into one dependency chart. A realistic buffer matters because one delayed document can move every later step.

• Use confirmed dates from each bank.
• Show dependencies instead of isolated deadlines.
• Update both parties when one milestone changes.