A Property Mortgage Agreement is a crucial document in UAE real estate financing, used when a property owner seeks to secure financing against their real estate assets. The agreement must comply with UAE Federal Laws, including the Civil Code and Central Bank regulations, as well as specific emirate-level property laws. It can be structured either as a conventional mortgage or an Islamic finance arrangement, common in the UAE market. The document typically includes detailed provisions about the property, the secured obligations, enforcement mechanisms, and registration requirements. Property Mortgage Agreements in the UAE require registration with relevant land departments and must consider local property regulations, which can vary between emirates, particularly in Dubai and Abu Dhabi.

1. Parties: Identification of the Mortgagor (property owner), Mortgagee (lending institution), and any guarantors

2. Background: Context of the mortgage agreement, including reference to the underlying facility or loan agreement

3. Definitions: Definitions of key terms used throughout the agreement, including Property, Secured Obligations, and Security Period

4. Grant of Mortgage: Core section establishing the mortgage over the property, including the specific rights being granted to the mortgagee

5. Property Details: Detailed description of the mortgaged property, including title details and registration information

6. Secured Obligations: Definition and scope of the obligations secured by the mortgage, including principal, interest, and other secured amounts

7. Representations and Warranties: Mortgagor's confirmations regarding property ownership, authority to mortgage, and absence of encumbrances

8. Covenants: Ongoing obligations of the Mortgagor regarding property maintenance, insurance, and payment of taxes/fees

9. Insurance: Requirements for property insurance, beneficiary arrangements, and claims procedures

10. Events of Default: Circumstances constituting default and triggering enforcement rights

11. Enforcement: Mortgagee's rights and procedures upon default, including power of sale

12. Registration: Requirements and procedures for registering the mortgage with relevant authorities

13. Costs and Expenses: Allocation of costs related to mortgage creation, registration, and enforcement

14. Notices: Process and requirements for formal communications between parties

15. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction of UAE courts