Hi there Sval very good question,
It is to my knowledge that in the sense of taking out a mortgage that the company would have paid off the developer upon the completion of the apartment and then you the consumer paying the finance company back the balance at a higher rate.
Because you do not own the property outright but the finance company does until you complete on your mortgage they technically will be the bearer of the title deed's.
I know in the area of the U.A.E mortgatges have generally not been that common as finance in the region tends to be relatively exspensive, so the developers and Sheihks in the region may have not factored in for this eventuality as of yet.
But your best bet I believe would be to phone up the U.A.E foreign commision of the National Dubai Bank and I am sure they will be able to give you a more definitive answer than any of us can
Regards
Paul
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