Financing
Do I need financing to buy property in Dubai?
When purchasing a new construction home, you do not need to take out a mortgage right away, perhaps not at all. Read more about this under: Payment plans.
How much can I borrow in Dubai?
If you remain resident in your country, you can borrow 50% of the market value of a property in Dubai. If you live in the UAE and have income here, you can borrow 80%. You do not need to be a UAE resident to take out a loan in Dubai.
Please note that you cannot borrow money until 50% of the construction is completed. This is tracked by the government.
Are there options for interest-free mortgages?
Yes, it is possible to take a mortgage without interest in accordance with Sharia law and religious beliefs. This requires you to give the bank a share of the profits through equity participation. Dubai Islamic Bank is best known for this.
How do I arrange a mortgage in Dubai?
We have partnerships with fiancial advisors who are ready to guide you through the possibilities of borrowing money.
Find more information in our Blog:
– Vastgoed Financiering in Dubai: alles wat je moet weten! (Dutch)
– Real Estate Financing in Dubai: All you need to know! (English)
Any questions?
As Dubai experts with extensive experience in the local real estate market, we are in an excellent position to help you purchase and finance property in Dubai. Please do not hesitate to contact us if you have any questions.
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