UAE Civil Transactions Law

Article 1380

Book Four: Real Securities · Section Two: Possessory Pledge · Chapter Three: Special Provisions for Certain Possessory Pledges · Part One: Possessory Mortgage over Immovable Property

1. The mortgagee creditor may lend the immovable property subject to a possessory mortgage or lease it to the mortgagor, provided that the mortgaged property remains as security for the payment of the debt, without prejudice to the enforceability of the mortgage against third parties. 2. The rent paid by the mortgagor shall be subject to the provision of Article (1369) of this Law concerning the yields of the mortgaged property.

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