We, Mohammed bin Rashid Al Maktoum, Ruler of Dubai,
After perusal of:
- Federal Law No. 5 of 1985 Issuing the Civil Code and its amendments;
- Federal Law No. 8 of 2004 Concerning Financial Free Zones;
- Law No. 7 of 2006 Concerning Real Property Registration in the Emirate of Dubai;
- Regulation No. 3 of 2006 Determining Areas for Ownership by Non-UAE Nationals of Real Property in the Emirate of Dubai;
- Law No. 8 of 2007 Concerning Escrow Accounts for Real Property Development in the Emirate of Dubai;
- Law No. 27 of 2007 Concerning Ownership of Jointly Owned Real Property in the Emirate of Dubai; and
- Law No. 13 of 2008 Regulating the Interim Real Property Register in the Emirate of Dubai,
Do hereby issue this Law.
This Law shall be cited as "Law No. 14 of 2008 Concerning Mortgage in the Emirate of Dubai".
The following words and expressions shall have the meaning indicated opposite each of them unless the context implies otherwise:
Emirate: The Emirate of Dubai.
DLD: The Land Department.
Chairman: The chairman of the...