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Know the Mortgage Terminologies

Know the Mortgage Terminologies

What is Oqood in Dubai? Oqood is an interim property registration system introduced by the Dubai Land Department (DLD) for off-plan property purchases. It serves as a legally binding contract

What is the Home Loan Process in Dubai?

What is the Home Loan Process in Dubai?

1. Pre-Approval: Get an agreement in principle from a bank. This confirms how much you can borrow without a credit check affecting your score. 2. Property Search: Find a property you want to buy.

Can a Foreigner (Non-Resident) Get a Mortgage in Dubai?

Can a Foreigner (Non-Resident) Get a Mortgage in Dubai?

Yes, absolutely. Dubai is very welcoming to foreign investors. However, the terms differ from residents. • Expats residing in the UAE: Can typically borrow up to 80% of the property’s value for properties valued below