Dubai mortgage for non residents

Dubai Mortgage for Non-Residents Taskmaster offers the Dubai mortgage for non residents to buy a land and constructions in Dubai with easy terms and conditions. No matter where you live now you can buy a mortgage from UAE lenders.

sales@taskmastergulf.com Call Free: +971 585791578

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A lot of non-residents from every corner of the world purchase apartments in Dubai. Certain are looking for zero tax rental yields that can attain 10% on small apartments, certain are looking for amazing lifestyle investments. If you want to know about Dubai mortgage for non-residents to buy a property in Dubai.

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Because of affordable prices and low rates of interest, local and foreign investors have been focusing on the different real estate sectors of Dubai

sales@taskmastergulf.com Call Free: +971 585791578

Can Non-Residents Get A Mortgage in the UAE • A non-resident can get a mortgage in the UAE from lenders conducting in the United Arab Emirates; although, there are certain restrictions. The UAE mortgage cover law needs non-resident citizens, to have a cash down payment of at least 25 percent of the property value and related purchase costs. If you are purchasing a second and third property, as an investment, for instance, you will require at least 40 percent of property value to meet your down payment.

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You will enjoy multiple advantages as a foreign investor, involving high loan amounts and enhanced flexibility. Although, this is vital to keep in mind that some banks provide a mortgage for non-resident overseas investors than UAE nationals or expatriates. sales@taskmastergulf.com Call Free: +971 585791578

Documents Required for Mortgage Loans for NonUAE Residents?

When applying for a mortgage for non-residents, you would require to submit some documents. Keep in mind that there can be extra documents required depends on the property you are buying and the conditions of the transaction. Although, usually, nonresident applicants will need to submit these necessary documents for a mortgage loan in Dubai.

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A valid passport as identity proof Bank statements for the last three or six months as proof of funds Tax returns Salary certificates or payslips Trade license and audited financial statements Details of any existing loans

sales@taskmastergulf.com Call Free: +971 585791578

Features of Mortgage for Non-residents in UAE There are certain features and conditions of mortgage loans provided to foreign investors buying a property in Dubai.

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Maximum Loan Amount – It would vary depends on the bank and your financial matters. For example, while ABCD bank wants to finance is up to AED 24 million.

LTV Ratios – As per the mortgage law of the UAE, non-residents are needed to plant almost 20% of the purchase price of a property as a down payment, in case the property is deserving on AED 5 million.

Interest rates – UAE’s certain banks provide many options for interest rates, like fixedrate mortgage and variable interest rates.

Loan Tenure – The maximum loan period for residents is 25 years, banks can need a short period for non-resident investors. In addition, the banks can have a restriction that the applicant’s age should not more than 65 years for salaried or 70 years for selfemployed throughout the period of the loan.

sales@taskmastergulf.com Call Free: +971 585791578

Introduction Taskmaster commercial broker LLC is one of the leading provider of business loan in Dubai. It helps you to approve a loan not only for business capital but for all kinds of work associated to your business.

Taskmaster Commercial Broker LLC is a team of professional and experienced financial consultants with specialized in finance.

TASKMASTER help you in all aspects of arranging finance from the financial institutions and banks. Taskmaster offers you the facility to sell and lease your commercial property in Dubai.

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Contact Taskmaster commercial broker LLC Office 1202,Al Musalla Tower,Bur Dubai,Dubai,UAE Call Free: +971 585791578

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