ARTICLE · 08 JULY 2025

Can Developer's Mortgage Their Branded Residence Projects In Ras Al Khaimah?

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Saudi ArabiaReal Estate and Construction

Ian Arnott

Ena Tahric

The rapid evolution of Ras Al Khaimah's real estate sector, particularly in the branded residences space, has created new opportunities and challenges for developers, financiers, and purchasers alike. With the introduction of Law No. 12 of 2023 On Regulating Real Estate Development in the Emirate of Ras Al Khaimah ("RED Law"), the legal landscape now provides a clear and robust framework for off-plan projects.

In this article, we look at whether a Developer can mortgage their off-plan branded residence project during construction to fund the often significant construction costs associated with Off-plan branded residence projects.

Legal Basis for Project Mortgages

Article 21 of the RED Law permits developers to mortgage off-plan units within an off-plan project during construction to obtain financing for the completion of construction works, subject to the following terms and controls:

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Can Developer's Mortgage Their Branded Residence Projects In Ras Al Khaimah?

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