The conveyancing process can be complicated, but our expert team is on hand to help you navigate the final steps of the buying and selling process.
Our value-added service covers all aspects of sales transaction settlement. This includes those critical and time-consuming tasks that require an experienced eye for detail.
We interact with developers, lenders and government departments on your behalf, freeing you up from dealing with a long list of legal and administrative requirements, whilst keeping you in the loop at every step.
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Frequently Asked Questions
A Flat Rate is the interest rate that remains the same throughout the mortgage repayment duration as it is calculated against the total principal amount. Meanwhile, a Reduced Interest Rate, also called a diminishing interest rate, is calculated monthly on the outstanding balance rather than the original amount. It is best to confirm with your mortgage consultant and broker in Dubai whether a flat or reduced rate has been applied.
Need a mortgage to buy property in Dubai? Your mortgage loan eligibility primarily depends on the bank's policies and your monthly and annual income. Some banks impose a cap on mortgages in Dubai, allowing you to borrow no more than 7 times your annual income (equivalent to 84 months), with total liability repayments not exceeding 50% of your monthly salary.
Other factors influencing mortgage affordability include age, nationality, employment type, and credit history. It is best to seek guidance from mortgage brokers in Dubai, as they can offer personalized advice tailored to your circumstances.
The banks usually need a security check to provide a loan in the UAE. The security check safeguards the bank when the borrower fails to pay the installment. Every bank in the UAE asks for a security check as a guarantee when extending any type of credit facility, like mortgages.
The banks usually need a security check to grant a loan in the UAE. It is a guarantee a bank requests while approving any credit. If the borrower fails to repay the debt installment according to the agreed-upon terms, the lender has the right to take possession of the property through a legal process.
When you apply for a mortgage in the UAE, your housing allowance can be considered in the assessment process. For instance, if your contract or salary certificate specifies a housing allowance upon vacating company-provided accommodations, this can enhance your affordability and potentially increase the borrowing amount in certain cases.