Mortgages in Dubai

The mortgage market in Dubai is certainly in its early years of development, that said finance is widely available and readily available if you know where to find it.

All mortgages arranged in Dubai are ‘full status’ mortgages and lenders will normally require bank statements and payslips to prove income, if you are self employed you may need to provide two years accounts and tax returns. Some lenders offer Buy to Let mortgages, although for the rental income to be considered the property will need to be let already.

Key Features of Dubai Mortgages:

• A range of currencies are available (AED, £ Sterling, € & US$).
• Interest-only and repayment methods.
• Loans available to UAE residents as well as non-residents.
• Mortgages available both for completed properties and properties that are still under construction (Off Plan).

Buying and Funding Off Plan

If you want to buy an off plan property in Dubai, we can arrange a ‘stage payment’ mortgage where the loan funds are released at different stages of the property development. To qualify for this type of mortgage the property you are interested in must be on the banks list of approved developments.

Commercial Mortgage Finance in Dubai

We arrange commercial finance on Office buildings, Retail Units, Industrial sites, Hotels and Leisure sites. Finance is typically available for existing businesses that can prove income and have a solid business plan in place.