As per the provision and submission of essential documents, the duration for employed applicants is between 3-5 working days and 10 working days for self-employed professionals.
Yes. There are some banks who will able to get finance on the Real Estate, Land department charges as a part of Mortgage it self
There are different fees involved in the process like: Land department 4% + 580, Real Estate 2%, Mortgage registration 0.25% + 4200 + 290 and bank charges valuation, processing fee etc.
No, there is no such provision or clause stating the borrowing more than 80% for expats of the property price. But, yes you can avail finance on land department and real estate charges as a part of mortgage.
Yes, Banks acquire professional services of Al Etihad Credit Bureau that collects the data of different kinds of loans, credit card facilities, and credit score. Which helps banks to have better idea on the credit history of person. But bank seeks approval/consent from person to go through such a checks
Before starting searching for a property, you should begin to apply for the mortgage application. This would help in concluding the final deal easily.
For gaining higher amount for mortgage, it becomes essential to reduce or close the credit cards that are not used. Rest it will be as per income eligibility criteria.
UAE is one of the best places to invest, well connected globally, Even the person who is not a resident in UAE can purchase property and also have facility to avail mortgage from banks in UAE. This is the beauty of this place. Plus your investments are totally secure.
The range of property valuation cost in the UAE differs from bank to bank. But it’s will not make any meager impact or difference.
Mortgage broker plays a vital role to bring best of the deals from the market for you, as they have access to all mortgage deals in the market from different banks, so they can bring the best which suites according to your profile.