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United Arab Emirates » Mortgages


Guide to the mortgages in Dubai:

Keep in mind that for many countries, there is often more than one deal available and this page merely represents an overview of the typical requirements.

Typical Rate From 3.99%
Loan purpose Residential, Buy to Let
Min Loan 100,000 AED
Max Loan 70% of purchase price.
Term 1 - 20 years
Max Age 60 employed. 65 self employed
Repay method Capital and Interest
Currency Dirham (AED)
Additional info Employed minimum 3 years. Debt service ratio not to exceed 55% of net income. Self employed minimum 3 years. Monthly bank credits equivalent to 2.5 times monthly instalment of new mortgage. Developments must be approved. Some developments restricted maximum loans.

Arabic mortgages don't follow the same pattern as UK mortgages secures on UK properties. The UAE banks appear to have recognized the huge market opportunity in financing Dubai property, and are strongly committed to developing a competitive mortgage market.

 
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