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.
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.