Q: I would like to apply for the mortgage in one of the banks in Dubai to purchase a property. Is this possible without residence visa and if yes, so which documents will be required from my side?

Q: Hi, I had signed an MOU to buy an apartment. I had the following clause in the MOU: "This sale purchase contract is subject to the final approval from the Buyers Banks" My mortgage has been rejected by one bank. While I was processing my mortgage with another bank the MOU expired and the seller is not willing to extend the MOU. Can I claim my deposit check back from the agent? Thanks, Dinesh

Q: Hi, I signed an MOU to purchase a property. My seller is now asking for more money and threatening to not sell the property even though the MOU has an automatic extension clause of 20 more days. What shall I do? P.S. My mortgage final offer is signed and he is supposed to apply for a NOC which he is not doing.

Q: I am going to buy a property through an agent in a registered company. Just before signing an MOU and giving a 10% cheque, we came to know that the owner is not here and the stated name in the MOU is the holder of POA (power of attorney). What should I do in this situation? With whom to sign the MOU and under whose name is the cheque to be given? They put the name of the POA holder but the title deed has the name of the owner. Should we ask for POA and get it verified? How to verify it?

Q: I am buying a mortgaged property in Abu Dhabi for which I'm required to make payment to the seller's loan obligation before the Title Deed Transfer, so that bank can issue a mortgage loan clearance letter and release the original title deed document to the seller. Unlike Dubai, I understand there is no process currently in place to "block the property" with Abu Dhabi Municipality at the time the buyer gives a cheque (in the name of the seller's bank) for the loan obligation. Therefore, my question is, how to minimize the risk of the buyer's default, i.e., the seller does not transfer the Title Deed to the buyer after the buyer pays a cheque for all the seller's loan obligation. Thank you

Q: Hi, I recently sold a property that was under a mortgage. I requested a mortgage liability letter which was issued on 24 May. This was settled by the buyer's mortgage lender and my mortgage clearance letter was issued on 06 June. The property sale was completed on 16 June. My old lender has now (29 June) requested another payment to cover 'errors' that have surfaced in their account booking procedure. Can they do this? Thanks M. M.

Q: Hi, I have recently signed an MoU to buy a property and a bank has offered me a good loan package so I want to sign with them. Therefore, I have asked my employer to produce a Salary Transfer Letter (STL) to be able to sign my loan with this bank. Just to clarify, I have no loan with any bank, I just have a credit card with my current bank (never had any issue on it). To produce the STL my employer needs a non-objection letter (NOL) from my bank or a No Liability Letter (NLL). My current bank said the first option is impossible as "they do not have a template for that" and they can only produce a non-liability letter (NLL), however, this is not possible as it takes 45 days after card's cancellation to get the NLL. My question is: Does my employer really need a NOL or NLL to be able to transfer my salary to another bank? (He never signed anything with my bank). Employer says there is a tacit agreement between employer and bank when the salary gets transfered to the bank, is that true?

Q: Dear all, I am writing to you regarding a property sale breach of contract. I signed a Memorandum of Understanding (MOU) as the buyer of a mortgaged property in Dubai. The purchase I am making is also through a mortgage. However, the seller only cleared the mortgage on the property he is selling to me after I received the final offer letter from the bank for the mortgage I applied for, based on the documents I submitted. The seller signed the MOU to sell a mortgaged property and provided the documents to support this. However, my bank has declined the disbursement because the details have changed without prior notification or explanation. In order to complete the transfer, I have to reapply for a mortgage. The seller has refused to extend the MOU, and a new title deed has to be issued according to the new details of the mortgage-free property. How can I best deal with this situation, since the MOU has expired and everything was done on time from my side? Thank you!

With the introduction of the new procedures for obtaining a power of attorney (POA) remotely in the UAE, after it was mandatory to appear in person in front of the notary public as a global rule to ensure the identity and intention of the person requesting a POA, we put between your hands this brief guide for how you get it done.

The provisions of this Law apply to the mortgage of real roperty as security for debt. It makes no difference whether the debt is secured by a charge over the whole of the property or over an undivided interest therein or by right in rem or personal right over a property marked as sold off-plan.