logo
迪拜 icon
icon 迪拜 icon
新闻与资讯
Real Estate Market Adjustment: Sellers Adapting to Reality, Market Trending Towards Stability
Real Estate Market Adjustment: Sellers Adapting to Reality, Market Trending Towards Stability 迪拜
By   Internet
  • 都市报
  • Dubai property
  • property adjustment
  • Dubai housing market
Abstract: The latest data shows that the real estate market is undergoing adjustments, with sellers starting to adapt to the realities of the market. They are placing greater emphasis on flexible deal terms to accommodate current market demands, which contributes to the stable development of the market.

Owning property in Dubai is a dream for many, and obtaining a mortgage is one of the important pathways to realizing this dream. Below is a comprehensive guide detailing the process of obtaining a mortgage in Dubai, from eligibility requirements to final purchase.


Firstly, understanding who qualifies for a mortgage in Dubai is crucial. Typically, expatriates and UAE nationals aged between 21 and 65 with stable incomes may be eligible. However, banks usually have certain income requirements for applicants, such as a minimum monthly salary of AED 15,000 for salaried employees and AED 25,000 for self-employed individuals. It is important to note that options for obtaining mortgages are relatively limited for non-residents.


Preparing necessary documents is crucial when preparing to apply. These documents may include copies of passport, UAE identity card, salary certificate, recent pay slips, bank statements for the past 6 months, lease agreement or Dubai Electricity and Water Authority (DEWA) bills, credit card statements, etc. For non-residents, typically only a copy of the passport and recent bank statements are required.


Real Estate Market Adjustment: Sellers Adapting to Reality, Market Trending Towards Stability

Internet


Understanding the steps of the entire process before applying for a mortgage is crucial. Firstly, you need to research different lenders, such as local banks, and may consider hiring a mortgage broker for professional advice and exclusive deals. Brokers usually have extensive knowledge of available options. Secondly, when choosing the type of loan, you need to consider factors such as property type, desired loan amount, down payment amount, income stability, future plans, etc. Banks usually provide online calculators to help you estimate monthly repayments. Next, you need to obtain a pre-approval letter from the bank to confirm your eligibility and the maximum approved loan amount. This will provide assurance for your financing. Finally, within the validity period of the pre-approval, you can start searching for ideal properties and finalize purchase agreements with sellers. Once an agreement is reached, you will pay the required deposit and complete the property transfer process.


Additionally, you need to be aware of some other important matters. For example, expatriates can borrow up to 80% of the property value, but a certain percentage of down payment is required. Mortgage approval usually takes some time, typically around 10 working days. In addition to the down payment and mortgage amount, you also need to consider other purchase costs, such as fees from the Dubai Land Department, etc. Finally, foreigners must comply with specific property ownership rules when purchasing Dubai properties.

留言
icon
请输入您的国籍
+87
不能为空
电子邮件地址无效 电子邮件地址未验证!
icon
欢迎访问 House.com
登录或注册以充分利用您的体验。这也将增加您与经纪人交流的机会。
请输入有效的电子邮件地址。
继续使用 Google
提交即表示我接受House.com的   使用条款
icon icon
验证您的电子邮件
你好 我们刚刚将验证码发送到您的电子邮件中。请检查并在此处输入验证码以继续登录。
验证码错误
没有收到电子邮件?请检查您的垃圾邮件文件夹
icon
banner
Real Estate Market Adjustment: Sellers Adapting to Reality, Market Trending Towards Stability
icon 复制链接
icon WhatsApp
icon Facebook
icon Twitter