March 14, 2017
These days most complete residential and commercial properties in Dubai & Abu Dhabi can be mortgaged, however each individual UAE bank have their own lending policies which determine which developments, what types of property, in which Emirates they will and will not mortgage.
UAE Banks willing to lend on commercial property, land, off plan property and property within the Northern Emirates, is more limited. Lending policies in the UAE are rarely absolute. Case by case exceptions can be made for solid applicants and/or for particular properties.
UAE banks will not mortgage overseas properties in any circumstances.
To save time, money and a lot headache, it is important to have a professional independent mortgage advisor who has a good understanding of the entire market. A professional advisor will guide as to what can and cannot be done and how to structure your mortgage application to ensure an mortgage approval.
Calculate your mortgage repayments and get pre-approved within 24 hours.
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