Companies and individuals may submit a request online to the Real Estate Registrations Department at the Ministry of Justice (MoJ) to mortgage real estate, which regulates an agreement between two parties to mortgage real estate in return for a defined amount of money that is paid by the mortgagor to the mortgagee following the approval of the competent entity.
Fees will be calculated a quarter per thousand of the debt value, or a quarter per thousand of the property value, whichever is less, in addition to 200 QR for bond fees and 100 QR for scheme fees.