Mortgage Contract

With the help of this service, you may certify a contract that places a debtor's specified property at the disposal of his or her creditor or another party as a security or guarantee for the latter's right to use it as payment for a debt, such as a mortgage (a mortgage of a shop or movable property).

- Original ID card with a backup for records
- The "contract" document that needs attesting is: two copies: one for the records and one for each party involved.
- A notarized power of attorney with a copy for records and the original for inspection in the case of a proxy

Notary Public Fees (not including our charges)

- For any contract/ document of less than AED 50,000 or of unspecified value: Fee AED 500.

- For any contract/ document of more than AED 50,000 and less than AED 200,000: Fee AED 1,000.

- For any contract/ document of more than AED 200,000: Fee 0.5% of the document value, capped at AED 20,000.

- Presence of the applicant before the Notary Public.

- If the applicant is a representative of a principal, he should bring his original POA, comply with the powers granted to him by his principal, and have the right to appoint others.

- If the document is not in Arabic, it should be translated by a legal translation office certified by the Ministry of Justice.

- Any document issued outside the country must be authenticated by the competent authorities (Ministry of Foreign Affairs).

- The POA clauses shall be clear and explicit, without any erasure or deletion.

- The said mortgage contact refers to what is known as a charge, whereas the security mortgage is not permitted under this service because it is related to a real property.

- In exchange of the charge, there should be a fixed payable debt or promised debt which should be defined at the time of the mortgage.

- The mortgagor and mortgagee may agree to put the charge in the possession of a third party (justice)
If the mortgaged property was a retail shop, an announcement in a daily newspaper for 14 days must be published.