Mortgages in Dubai
International Buyers Guide for Dubai
Outline of main mortgage conditions:
| Mortgage Type |
GBP, USD, Euro, Yen, Swiss Franc, AUD, NZD, HKD, CAD, SGD - Interest only |
| Maximum Loan Amount |
Up to 50%* on purchase |
| Minimum Purchase Price |
Not Applicable |
| Minimum Loan Amount |
New loan applications – US$150,000 - or currency equivalent |
| Valuation |
Arranged by lender |
| Term |
Up to 15 Years or up to 70 years of age, whichever is earlier |
| Payment Method |
Quarterly in arrears |
| Insurance |
For client's account |
| Security |
First legal charge of mortgage over the property |
| Purpose of Loan |
Residential property. Purchase off-plan, re-sale, re-mortgage and equity release |
| Lending Area |
Dubai |
| Credit Assessment |
Clean credit report from credit office |
*subject to valuation or purchase price, whichever in the lesser.
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