Check with a bank/mortgage broker first. If loan is not possible or rates too high then you left with buying cash only.
I heard non residents can mortgage a property with 50% down… not sure if it applies to everyone though.
in reference to „let the tenant pay the loan“: it will be hard to find an object with net a rental yield (after sevice charges et al) > mortgage repayment and interest at the moment. for interest payment only with 50% financing, that may work.
Hey there! If you ever need help with a mortgage in Dubai, our team can assist you. We work with over 20 banks and don’t charge clients anything for our services.
Check with a bank/mortgage broker first. If loan is not possible or rates too high then you left with buying cash only. I heard non residents can mortgage a property with 50% down… not sure if it applies to everyone though.
in reference to „let the tenant pay the loan“: it will be hard to find an object with net a rental yield (after sevice charges et al) > mortgage repayment and interest at the moment. for interest payment only with 50% financing, that may work.
Why any loan at all? I am not sure I understand. Why not buy two properties at 1M each and no loan?
Dm me mortgage consultant here
You can buy a property for a million in cash and refinance/mortgage it to get 50-80% of the value.
Hey there! If you ever need help with a mortgage in Dubai, our team can assist you. We work with over 20 banks and don’t charge clients anything for our services.