What are the financing options for buying property in Dubai?
Dubai provides both residents and non-residents with a number of mortgage choices if you need funding.
For houses under AED 5 million, the loan-to-value ratio (LTV) for residents is often 80%, whereas for non-residents, the LTV ranges from 50 to 75%.
Important Points to Remember:
- Eligibility requirements: For non-residents include having a high credit score and a minimal monthly income.
- Documentation: Banks need identification documents, bank statements, and proof of income.
- Interest Rates: Mortgage rates in Dubai range from five to twenty-five years, and they can be either fixed or variable.
The Investor Visa’s advantages include:
- Residency for the Investor and Family: Members of the investor’s immediate family may be granted a visa.
- No Income Tax: Dubai is a desirable location for investors since it provides a tax-free environment.
- Long-Term Stability: Dubai is dedicated to providing long-term residency options for real estate investors, as seen by the recent launch of the 10-year Golden Visa.
