Best Mortgage Lawyers in United Arab Emirates

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EDL Advocates & Legal Consultancy

EDL Advocates & Legal Consultancy

Umm Al Quwain City, United Arab Emirates

Free Consultation: 30 mins


Founded in 2009
60 people in their team
EDL is a full-service law firm committed to offering legal solutions to its clients, addressing even the most difficult legal challenges and...
English
Arabic
TEKCE VISA

TEKCE VISA

Dubai, United Arab Emirates

Founded in 2019
25 people in their team
TEKCE VISA: International Legal Consultancy for Your New Life AbroadAt Tekce Visa, we understand that starting a new life abroad is more than just...
Arabic
Persian
English
French
Dutch
Russian
Swedish
Chinese
Turkish
Polish
Spanish
German
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Al Kabban & Associates Advocates and Legal Consultants

Al Kabban & Associates Advocates and Legal Consultants

Dubai, United Arab Emirates

Founded in 1993
50 people in their team
About UsAl Kabban & Associates was founded in 1993 with a strong vision of providing exceptional legal representation in the UAE. With over 28...
Arabic
English
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SAT & Co. Advocates and legal consultants

SAT & Co. Advocates and legal consultants

Dubai, United Arab Emirates

Founded in 2004
50 people in their team
ABOUT SAT & CO ADVOCATES & LEGAL CONSULTANTS SAT & Co. is a full service law firm, providing end-to-end legal solutions in Middle...
Arabic
English
UAE Debt Collection and Legal Services

UAE Debt Collection and Legal Services

Dubai, United Arab Emirates

Founded in 2002
50 people in their team
About UsUaedebtcollection.com, having more than 25 years of experience, was established in 2003 to provide its customers with all types of legal...
Arabic
English
BR Law Firm & Lawyers - Dubai.

BR Law Firm & Lawyers - Dubai.

Dubai, United Arab Emirates

Founded in 2014
50 people in their team
Almighty Allah insists every human being to be just in every deal they undergo and stand firm on Truth. In other terms, fighting for justice is not...
Arabic
English
Nexsoma Legal

Nexsoma Legal

Dubai, United Arab Emirates

Founded in 2000
10 people in their team
About UsA new approach to legal consultingNexsoma is a legal consulting firm founded by Leroy Levy taking a new approach to legal consulting in the...
Arabic
English
Al Kaitoob Advocates

Al Kaitoob Advocates

Dubai, United Arab Emirates

Founded in 2000
50 people in their team
This simple statement conveys a profound truth to any member of the company:a company is only as powerful as the people who bring it to life. This...
Arabic
English
Abdul Hamed Al Jasmi Advocates & Legal Consultants

Abdul Hamed Al Jasmi Advocates & Legal Consultants

Dubai, United Arab Emirates

Founded in 2000
10 people in their team
Abdulhameed Aljasmi Advocates & Legal Consultants (AJLC)is a full-service law firm based in Dubai, United Arab Emirates.We provide wide-ranging...
Arabic
English
Horizons & Co Law Firm

Horizons & Co Law Firm

Dubai, United Arab Emirates

Founded in 1999
200 people in their team
Founded in 1999 and with offices in Dubai and Abu Dhabi, Horizons & Co is one of the UAE’s leading multi-disciplinary law firms. Our lawyers...
Arabic
English
AS SEEN ON

About Mortgage Law in United Arab Emirates

Mortgage law in the United Arab Emirates governs the legal framework within which individuals can obtain financing to purchase real estate properties. It involves the transfer of an interest in land as security for a loan or other obligation. The legal process of mortgage involves a written agreement between the borrower and the lender, outlining the terms and conditions of the loan. In the UAE, mortgage transactions are subject to specific laws and regulations to protect the rights of both parties involved.

Why You May Need a Lawyer

There are several situations where you may require legal assistance regarding mortgage in the UAE. Some common scenarios include disputes over mortgage terms, foreclosure proceedings, default on mortgage payments, property encumbrances, and legal issues related to property ownership. A lawyer specializing in real estate and mortgage law can provide valuable advice and representation to protect your interests and ensure compliance with applicable laws.

Local Laws Overview

The key aspects of local laws relevant to mortgages in the UAE include the UAE Civil Code, Federal Law No. 5 of 1985 concerning Civil Transactions, and specific regulations issued by the Dubai Land Department or other relevant authorities. These laws govern various aspects of mortgage transactions, such as registration requirements, mortgage validity, foreclosure procedures, and rights and obligations of the parties involved. It is important to consult with a legal expert to understand and navigate the legal landscape effectively.

Frequently Asked Questions

1. What is the legal process of obtaining a mortgage in the UAE?

The legal process of obtaining a mortgage in the UAE involves applying for a loan with a financial institution, entering into a mortgage agreement, registering the mortgage with the relevant land department, and complying with the terms and conditions of the loan.

2. Can a mortgage be transferred to another party in the UAE?

Yes, a mortgage can be transferred to another party with the consent of the lender and the transferee, subject to the approval of the relevant land department in the UAE.

3. What are the rights and obligations of a borrower in a mortgage transaction?

The borrower in a mortgage transaction has the right to use and possess the property, make payments according to the loan agreement, maintain the property, and comply with the terms and conditions of the mortgage. The borrower is obligated to repay the loan amount, pay interest, and adhere to the legal requirements of the mortgage.

4. What are the consequences of defaulting on mortgage payments in the UAE?

Defaulting on mortgage payments in the UAE can result in foreclosure proceedings, legal action by the lender, and potential loss of the property. It is essential to seek legal advice promptly to address any default issues and explore possible solutions.

5. How are mortgage disputes resolved in the UAE?

Mortgage disputes in the UAE can be resolved through negotiation, mediation, arbitration, or litigation. Legal experts specializing in real estate law can help parties navigate the dispute resolution process effectively.

6. Are there any specific regulations for mortgage transactions in Dubai?

Yes, Dubai has its regulations governing mortgage transactions, issued by the Dubai Land Department. These regulations outline the procedures for mortgage registration, transfer, foreclosure, and other related matters specific to properties in Dubai.

7. Can a foreigner obtain a mortgage in the UAE?

Yes, foreigners can obtain mortgages in the UAE, subject to certain eligibility criteria and regulations set by financial institutions and authorities. It is advisable to seek legal advice to understand the requirements and procedures for obtaining a mortgage as a foreigner.

8. Is it mandatory to register a mortgage in the UAE?

Yes, it is mandatory to register a mortgage with the relevant land department in the UAE to ensure the validity and enforceability of the mortgage agreement. Failure to register the mortgage may lead to legal complications and challenges in asserting rights over the property.

9. What are the costs associated with mortgage transactions in the UAE?

The costs associated with mortgage transactions in the UAE include registration fees, mortgage processing fees, valuation fees, insurance premiums, and other charges imposed by financial institutions and authorities. It is essential to understand the cost implications before entering into a mortgage agreement.

10. How can a lawyer help with mortgage-related legal issues in the UAE?

A lawyer specializing in real estate and mortgage law can provide expert advice, draft legal documents, represent clients in negotiations and court proceedings, and ensure compliance with applicable laws and regulations. A lawyer can help protect your interests and rights in mortgage transactions and resolve any legal disputes effectively.

Additional Resources

For more information and assistance regarding mortgage law in the UAE, you can refer to the Dubai Land Department website, financial institutions offering mortgage services, legal firms specializing in real estate law, and regulatory authorities overseeing mortgage transactions. These resources can provide valuable guidance and support for individuals seeking legal advice in the field of mortgage.

Next Steps

If you require legal assistance or advice regarding mortgage issues in the UAE, it is recommended to consult with a qualified lawyer specializing in real estate and mortgage law. An experienced lawyer can assess your situation, provide tailored solutions, and represent your interests effectively in navigating the legal complexities of mortgage transactions. Contact a legal expert today to safeguard your rights and ensure a smooth mortgage experience in the UAE.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.