Is It Feasible For Non-Residents To Obtain A Mortgage In Dubai?
Yes, foreign buyers who want to purchase a rental property in the United Arab Emirates for the sake of their property business or as a holiday home may get a loan for the purchase. As a non-resident buyer, you will enjoy a number of benefits, including larger sums of finance and more freedom to invest.
Non-resident investors from abroad, in the opposite conjunction, have fewer choices for property finance than those who live in the UAE and foreigners. Furthermore, before starting, it is critical to understand the different types of mortgages available in Dubai.
While not every non-resident is eligible for estate financing, it is feasible if customers have a solid economic background. Financial institutions in the UAE are able to finance up to 75% of the worth of the property for non-residents, with 60% being the most frequent.