Title Deed is a document. It is registered at the land department and tells the ownership of the plot/land. If an individual purchases land/plot through mortgaging then the information will be etched as Owning The Property. The original document remains under the possession of bank until the mortgage has been repaid.
Individuals require paying different sums of fees for buying a property in Dubai. 4% real estate, 2% Mortgage registration, and 0.25% plus trustee and title deed fee must be rendered respectively. It should be kept in mind that bank charges differentiate from bank to bank.
The borrowing amount entirely depends on factors like gross income (salary), existing liabilities, and existing personal circumstances. You can enquire more details by getting in touch with mortgage consultant.
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