Best Mortgage Lawyers in Jeddah

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Trabulsi & Co.
Jeddah, Saudi Arabia

Founded in 2015
12 people in their team
Arabic
English
Trabulsi & Co. is a KSA (Riyadh-Jeddah) based Law Firm providing high-quality services that rise to international standards while maintaining our national values. Specializing in litigation, corporate advisory, and legal project management we provide services directed to both local and...
View profile
Almesnad Law Firm
Jeddah, Saudi Arabia

Founded in 2015
50 people in their team
Arabic
English
The office of Attorney Farouk Al-Misnad for Advocacy and Legal Consultations was established in 2015 under the management of Attorney Farouk Al-Misnad and an integrated work team that includes a group of lawyers and legal and legal advisors with distinguished qualifications, long experience and a...
Jeddah, Saudi Arabia

Founded in 2008
English
Khalil S. Khazindar Law Firm, established in 2008 and based in Jeddah, Saudi Arabia, is a boutique corporate law firm specializing in business law, commercial transactions, and litigation. The firm offers strategic and commercially focused advice, leveraging extensive knowledge of Saudi Arabian...
Jeddah, Saudi Arabia

Founded in 2015
English
Dr. Qaisar H. Metawea Law Firm, established in Saudi Arabia with offices in Jeddah and Riyadh, offers comprehensive legal services across various sectors. The firm's practice areas include corporate and commercial law, employment, intellectual property, entertainment, information technology,...

Founded in 2004
English
Al Saif Law Firm, headquartered in Riyadh, Saudi Arabia, offers comprehensive legal and Shariah advisory services across various branches of law and local regulations. With over 21 years of experience, the firm has successfully handled a wide array of cases, achieving a 97% success rate and serving...
Abdulaziz Alajlan & Partners
Jeddah, Saudi Arabia

Founded in 1998
50 people in their team
Arabic
English
Abdulaziz Alajlan & Partners is a Saudi Arabian law firm established in July 1998, and is staffed to provide expertise to clients on a wide range of legal matters including:Corporate and commercial advice including mergers and acquisitions, foreign investment, capital markets, competition,...
Faris Law Firm
Jeddah, Saudi Arabia

English
Faris Law Firm, based in Saudi Arabia, is a distinguished legal practice renowned for its comprehensive expertise across various legal disciplines. The firm's team of seasoned attorneys offers in-depth knowledge and experience in areas such as corporate law, commercial transactions, dispute...
Nazieh Moussa Law Firm
Jeddah, Saudi Arabia

Founded in 1995
50 people in their team
Arabic
English
Nazieh A. Moussa Law Firm was founded in Jeddah, Saudi Arabia, in 1995. We have lawyers practicing in different areas of law. Our firm has become well known firm within the Gulf Cooperation Council Counties, Middle East, Europe and United States of America. We cooperate with our associates in many...
AlGhazzawi & Partners

AlGhazzawi & Partners

30 minutes Free Consultation
Jeddah, Saudi Arabia

Founded in 1969
40 people in their team
Arabic
English
Since 1969, AlGhazzawi & Partners has consistently been at the forefront of corporate and business law developments in Saudi Arabia and the Region. As a full-service Saudi business and corporate law firm, we have advised on landmark projects and helped shape new laws while advancing the legal...
AS SEEN ON

About Mortgage Law in Jeddah, Saudi Arabia

The mortgage industry in Jeddah and the rest of Saudi Arabia is governed by the Real Estate Finance Law, which came into effect in 2013. This law was enacted to regulate lending and borrowing for the purpose of buying, building, or improving real estate properties. Mortgages in Saudi Arabia operate under a unique structure, whereby lenders own the property until the loan is fully repaid.

Why You May Need a Lawyer

If you are considering a mortgage transaction in Jeddah, either as a lender, an institutional investor, or as a borrower, you may need a lawyer to help you maneuver through the complex legal framework of Saudi Arabian mortgage laws. Lawyers can help in understanding the intricate details of contracts, provide advice in terms of legal obligations and rights, and guide clients through the dispute resolution process if any disputes arise. Moreover, if property foreclosure scenarios arise, a legal advisor is instrumental in handling such processes.

Local Laws Overview

The key local laws relevant to mortgages in Jeddah include the Real Estate Finance Law, the Enforcement Law and the Registered Real Estate Mortgage Law. Collectively, they regulate the procedures for obtaining a mortgage, stipulate the requirements for lending institutions, give conditions for loan agreements, property appraisals and the rights and obligations of lenders and borrowers. One crucial feature of these laws is that they allow foreigners to obtain mortgages in Saudi Arabia under specific conditions.

Frequently Asked Questions

1. Is it possible for a foreigner to get a mortgage in Saudi Arabia?

Yes, a foreigner can obtain a mortgage in Saudi Arabia, including Jeddah, but they must meet specific conditions such as having a valid residence permit and working in the country with a stable and recognized source of income.

2. Are there restrictions on the type of property that one can mortgage?

The property that one wishes to mortgage must be for housing purposes and there are restrictions on off-plan properties and agricultural land.

3. What happens if the borrower cannot pay the mortgage?

If a borrower cannot pay the mortgage, the lender is allowed to sell the property. However, they must follow a specific procedure outlined by Saudi law to do this.

4. How long does the mortgage process take?

The duration of the mortgage process depends on several factors like the verification of documentation, property valuation and approval of the loan, and it may take a few weeks to several months.

5. Are there laws that protect borrowers in terms of interest rates and loan terms?

Yes, Saudi Arabian laws protect borrowers by setting up a clear legal framework that outlines their rights and obligations, including terms of loan repayment and interest rates.

Additional Resources

You may find it helpful to refer to the Saudi Arabian Monetary Authority's website for more information regarding mortgage laws and regulations, as well as Financial Consumer Protection Principles that protect consumer rights. Besides those, the Ministry of Justice website may also be helpful in understanding real estate and enforcement laws which govern mortgage in Jeddah, Saudi Arabia.

Next Steps

If you need legal assistance regarding mortgage in Jeddah, the first step should be finding an experienced legal expert, well-versed in Saudi Arabian property laws. This professional will help you review your agreements, enlighten you on your obligations and rights and guide you through the entire process. Additionally, you can reach out to local real estate professionals or advisors as they can give practical advice and insights on the local market and legal landscape.

Lawzana helps you find the best lawyers and law firms in Jeddah through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Jeddah, Saudi Arabia—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.