Nowadays, most people opt for a mortgage to buy a property in the UAE, for a very unpretentious reason- mortgage products offered are in the buyer’s interest. But will this endure in 2017? We need to be observant. When we actually plan to step on the property ladder, one need not only to shop for Read More...

    The loan-to-value (LTV) is basically the percentage of the loan amount to the appraised value of the property.   The LTV is an offering ratio that financial institutions study before approving a mortgage and is calculated by dividing the sum of your loan into the total value of your property. For example, if Read More...

  Islamic Finance in Dubai Buying an off plan with a mortgage, buyers have the option to choose between the conventional product and the Islamic finance product in Dubai. Now if we talk about Islamic Finance, indeed has emerged in the market as a stranglehold within the overall Islamic finance region. Islamic Finance works differently Read More...

  Buying your dream home in Dubai or investing in Dubai Properties, here are some crucial pointers to help on your way.   Plan your Finance, before you start browsing out your option in the market, it’s crucial to answer few questions, how much you can afford, how much you can borrow and what will be Read More...

  No doubts, off plan purchases are giving worthy alternative options in today’s market with an eye-catching payment plan, together with the resilient security measures taken by the government to protect buyers’ rights. Off plan developments have been steadily budding and are accessible at lesser values. These days all most every developer is offering a Read More...

Real estate related transactions in Dubai totalled Dh113 billion for the first half of this year compared with Dh129 billion a year ago.   Business Bay was the most heavily transacted location, accounting for 1,643 units and with a combined value of Dh2.34 billion, figures released by Dubai Land Department show.   Dubai Marina followed Read More...

Mortgage lenders are getting far more generous with their disbursal, signing off on Dh3.8 billion in May and up from April’s Dh2.5 billion on property deals in Dubai. These numbers in turn suggest that end users remain quite active in generating transactions and that prospects of the property market do not hinge on cash-ready investors Read More...

    While the statistics show that the majority of property purchases in the emirates are done in cash, but definitely the enduring low- interest rate entices the end-users more, as with this they can consider the option of offsetting rising rents with mortgage installments. Since the mortgage is a long- term commitment, it is Read More...

  We all comprehend that mortgage is a long-term commitment; hence, we need to strategically plan the route. With most banks in the UAE offering initial fixed term periods thereafter providing options for standard variable rates (SVRs), it becomes vital to understand the implications of floating rates as these cover a major portion of the Read More...

I am planning to buy an off plan property in Dubai, Does banks mortgage off plan properties? What are the eligibility criteria and what is the maximum Loan-to-value I can get? Yes, the bank do finance for off-plan projects, however only few banks are offering such facility to the clients. Even under Islamic funding this product Read More...