01

Finding a Lender

Banks are the most common lenders to approach for mortgages, but they must be registered with the Dubai Land Department. Explore mortgage deals from different banks or work with the help of an agent who has insight on the local market, and can compare mortgage products for you. This allows you to put effort into buying the right property for you.

Banks are the most common lenders to approach for mortgages, but they must be registered with the Dubai Land Department. Explore mortgage deals from different banks or work with the help of an agent w...

Choosing the Right Mortgage for You

There are different kinds of mortgages in Dubai, falling into categories including fixed-rate, or variable-rate mortgages. The fixed rate has a set interest rate for the loan, while the variable rate has a variable interest rate that fluctuates over time. Lenders have an online mortgage calculator where you can get an idea of your monthly payments.

There are different kinds of mortgages in Dubai, falling into categories including fixed-rate, or variable-rate mortgages. The fixed rate has a set interest rate for the loan, while the variable rate ...

02

03

Get a Pre Approval Letter from the Bank

For the process of applying for a mortgage, getting a pre-approval letter from you bank is the most crucial step you have to consider. The bank issues this as an official document, showing eligibility evidence for the borrower to get the mortgage as your housing finance option. This letter also outlines clearly the maximum mortgage amount. Normally it takes 3 to 5 working days to obtain this letter from the bank.

For the process of applying for a mortgage, getting a pre-approval letter from you bank is the most crucial step you have to consider. The bank issues this as an official document, showing eligibility evidence for the borrower to get the mortgage as your housing finance option. This letter also outlines clearly the maximum mortgage amount. Normally it takes 3 to 5 working days ...

For the process of applying for a mortgage, getting a pre-approval letter from you bank is the most crucial step you have to consider. The bank issues this as an official document, showing eligibility...

Choosing a Desired Property

Once you have received a pre-approval letter from the bank, you can look out for your dream home in the city of Dubai. Pre-approved letters are valid for around 60 to 90 days, depending on the lender. You have to manage your property hunting in this time frame, giving you sufficient days to find your dream home with the help of a real estate agent. They can pick the property under your desired budget, and preference.

Once you have received a pre-approval letter from the bank, you can look out for your dream home in the city of Dubai. Pre-approved letters are valid for around 60 to 90 days, depending on the lender. You have to manage your property hunting in this time frame, giving you sufficient days to find your dream home with the help of a real estate agent. They can pick the property un...

Once you have received a pre-approval letter from the bank, you can look out for your dream home in the city of Dubai. Pre-approved letters are valid for around 60 to 90 days, depending on the lender....

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05

Finalise your Property Purchase

Once you have found your dream property in Dubai, you can contact your bank and finalise your loan agreement. The bank can send an evaluator to evaluate the property value and help you make a reasonable offer. You can then sign the lease agreement to purchase the property and pay the deposit. The lender will then release the loan amount and you can proceed with completing the purchase.

Once you have found your dream property in Dubai, you can contact your bank and finalise your loan agreement. The bank can send an evaluator to evaluate the property value and help you make a reasonable offer. You can then sign the lease agreement to purchase the property and pay the deposit. The lender will then release the loan amount and you can proceed with completing the p...

Once you have found your dream property in Dubai, you can contact your bank and finalise your loan agreement. The bank can send an evaluator to evaluate the property value and help you make a reasonab...

Guidlines

01

Finding a Lender

Choosing the Right Mortgage for You

02

03

Get a Pre Approval Letter from the Bank

Choosing a Desired Property

04

05

Finalise your Property Purchase

Consult with our area experts for your dream investment!