Blogs

FIXED VS VARIABLE INTEREST RATES: WHAT HOMEBUYERS NEED TO KNOW

Stepping into the world of homeownership is an exciting journey, filled with important decisions that shape your financial future. One of the most critical choices first-time homebuyers face is selecting between fixed and variable interest rates for their mortgage.  This decision not only affects your monthly payments but also the total amount you’ll pay over […]

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HOW TO CHOOSE THE RIGHT HOME LOAN PROVIDER IN DUBAI?

Choosing the right home loan provider in Dubai ‘s expansive real estate market can be daunting. With a myriad of lenders offering seemingly attractive deals, homeowners are often left navigating a confusing array of options.  This complexity leads to the risk of selecting a provider that may not offer the most favourable terms, resulting in […]

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EXPECTATIONS VS REALITY : COMPARING UAE MORTGAGE CALCULATORS TO ACTUAL OFFERS

Comparing mortgage calculator results with actual mortgage offers in the UAE can be quite insightful for understanding how much you might end up paying for a mortgage, but it’s important to approach these comparisons with a nuanced perspective. In this guide, we delve into the nuances that distinguish calculator predictions from real-world mortgage proposals, shedding […]

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STEP BY STEP GUIDE : USING A MORTGAGE CALCULATOR IN THE UAE

Embarking on the journey of property ownership in the bustling real estate landscape of the United Arab Emirates (UAE) demands a keen understanding of your financial commitments. At the heart of this endeavour lies a potent tool: the UAE mortgage calculator. This digital ally empowers potential homebuyers to not just gauge affordability, but to meticulously […]

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TIPS FOR NON-RESIDENTS: GETTING A MORTGAGE IN DUBAI

Thinking of buying property in Dubai? Wondering if you can get a mortgage? Yes, you can secure up to 60% funding of the property value based on your income in your home country. To be eligible for a mortgage, the Central Bank of the UAE requires you to have a stable income with a minimum […]

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EARLY MORTGAGE PAYOFF : STRATEGIES TO HELP YOU SAVE

Have early settlement fees ever made you think twice about paying off your mortgage in Dubai? You’re not alone in facing this dilemma, as many homeowners grapple with the frustration of unexpected charges that make early repayment seem less appealing. This common challenge can turn the dream of financial freedom into a complex puzzle, filled […]

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UAE REMOVES DOWN PAYMENT BARRIER FOR PROPERTY INVESTMENT GOLDEN VISA

In a landmark decision, the United Arab Emirates has revolutionised its Golden Visa system, for property investors in Dubai. This strategic move, aimed at boosting the real estate market and attracting foreign investment, has eliminated the minimum down payment requirement of Dh1 million for property buyers seeking the coveted Golden Visa. Previously, to qualify for […]

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UNDERSTANDING DUBAI’S PROPERTY LAWS AND REGULATIONS

Dubai’s property market is as dynamic as its skyline, but the legalities involved don’t always come with straightforward instructions. For many, it’s like trying to navigate a new city without a map – overwhelming and a bit daunting.  The real challenge isn’t just decoding the dense legal jargon but understanding how these laws and regulations […]

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ISLAMIC FINANCING: EVERYTHING YOU NEED TO KNOW

So What Exactly Is Islamic Financing? Islamic financing or an Islamic mortgage is a method of conducting financial transactions that steer clear of ‘Riba,’ or interest, which is strictly prohibited under Sharia law. Islamic financing focuses on risk-sharing between the parties involved, ensuring that the financial burden and benefits are distributed more equitably.  Let’s explore […]

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50+ HILARIOUS MORTGAGE JOKES FOR HOMEBUYERS AND BROKERS

In a world where mortgages often bring to mind daunting paperwork, complex terms, and serious financial commitment, it’s refreshing to take a step back and find the humor in it all. That’s exactly what we’re doing in this article, where we’ve compiled a delightful collection of mortgage jokes and puns that are sure to bring […]

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HOW MORTGAGES BENIFIT YOUR RETURN ON INVESTEMENT

If you’re delving into the dynamic world of Dubai’s real estate market as a potential investor, first-time homebuyer, or portfolio diversifier, understanding how a mortgage can boost your Return on Investment (ROI) is critical. The choice isn’t merely about affordability but hinges on strategic financial planning and maximizing gains.  The intricacies of mortgage interest rates, […]

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DUBAI MORTGAGE ESSENTIALS: UNDERSTANDING YOUR ELIGIBLILTY

Dubai, renowned for its innovative and luxurious lifestyle, is a popular destination for aspiring homeowners. However, the process of obtaining a home loan in this ever-expanding city can be complex, especially for expats. This article simplifies the essentials of securing a home loan in Dubai, addressing eligibility requirements and crucial considerations, to guide potential homeowners […]

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BEST PRACTICE WHEN APPLYING FOR A MORTGAGE IN UAE – PART 2

Mortgages are more than just a pathway to owning a home; they represent a significant financial commitment over a period of time. In Dubai, with its dynamic real estate market, understanding this commitment becomes even more essential. Potential borrowers must be aware of the financial implications, interest rates, and other associated costs to make informed […]

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BEST PRACTICES WHEN APPLYING FOR A MORTGAGE IN UAE – PART 1

Mortgages are more than just a pathway to owning a home; they represent a significant financial commitment over a period of time. In Dubai, with its dynamic real estate market, understanding this commitment becomes even more essential. Potential borrowers must be aware of the financial implications, interest rates, and other associated costs to make informed […]

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HOME LOAN INTEREST RATES IN THE UAE : ADAPTING TO SHIFTS

Have you ever wondered how global economic shifts can impact your home loan interest rates? The UAE is no exception to these ripple effects that cross oceans. This became evident when the US federal government decided to hike its treasury rates. This move triggered a chain reaction that influenced home loan rates across the globe. […]

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THE A-Z OF MORTGAGES IN DUBAI – Part 4

As we stand on the threshold of completing our enlightening journey through the world of mortgages, it’s essential to reflect on the importance of understanding this domain. Mortgages, for many, represent one of the most significant financial commitments they’ll ever make. It’s a world filled with terms and nuances that can often seem overwhelming.   Yet, […]

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THE A-Z OF MORTGAGES IN DUBAI – Part 3

The world of mortgages, with its intricate details and nuances, can often feel like a vast ocean waiting to be explored. As we’ve journeyed together through this expansive realm, we’ve charted the waters of key terms and concepts, making the unfamiliar familiar.  In our previous segments, we’ve laid the foundation, and now, as we venture […]

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THE A-Z OF MORTGAGES IN DUBAI – Part 2

The journey through the intricate world of mortgages continues. As we delve deeper into the realm of home financing, it’s crucial to arm ourselves with the right knowledge. In Part 1, we began our exploration of essential mortgage terms. Now, in Part 2, we’ll further demystify the language of mortgages, ensuring you’re well-prepared for your […]

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THE A-Z OF MORTGAGES IN DUBAI – Part 1

Navigating mortgages can seem like decoding a complex language. Banks and financial institutions often use financial jargon, leaving you feeling lost. Whether you’re considering a mortgage or just want clarity, you’re in the right place.  Why should you master these terms? It’s more than just being informed; it’s about empowering yourself to make significant financial […]

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UNDERSTANDING MORTGAGES IN DUBAI

Dubai’s allure as a real estate hub is undeniable, with 50-60% of property buyers being non-residents. But how does Dubai’s mortgage landscape accommodate this vast international clientele? Understanding Mortgages In Dubai. Dubai banks primarily offer two mortgage categories: one tailored for citizens of the UAE and resident expats, offering up to 85% funding on their […]

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NAVIGATING THE DUBAI REAL ESTATE MARKET: YOUR ULTIMATE GUIDE

Dubai, an emirate nestled within the desert landscape of the UAE, isn’t just known for its staggering architecture or bustling souks; it’s also a hotspot for real estate aficionados. Whether you’re a seasoned investor or dipping your toes for the first time into the property pool, navigating the Dubai real estate market can seem daunting. […]

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ARE BANKS STILL LENDING IN UAE?

With the coronavirus outbreak around the globe beginning to show signs of reducing, with the strict lockdown measures that many implemented being slowly lifted. However, governments are now facing an entirely new crisis as they deal with the economic impact that these social distancing measures created. For many people living in the UAE, you may […]

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HOW DO YOU PROTECT YOURSELF FROM ANY UNFORESEEN CIRCUMSTANCES WHEN ACCRUING A MORTGAGE?

Choosing an appropriate mortgage deal is a crucial part of your mortgage process. It is a decision with a significant implication on your finances for many years, so getting it right is very important. Get the Professional Expert Guidance When you borrow a sum of money, each month’s interest is calculated on loan, and each […]

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WHY YOU SHOULD HIRE A MORTGAGE SPECIALIST

House hunting is one of the most exciting yet stressful experiences every adult undertakes during their lifespan. It is such a thrill to take the next step in your life and kick start your homeownership journey. It is not all rainbows and butterflies though. It takes a huge amount of effort and energy out of […]

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EVERYTHING YOU NEED TO KNOW ABOUT ISLAMIC FINANCE

Are you wondering how does Islamic finance works? Check out this article to know more about a halal mortgage. Are you in the market for a mortgage but are worried if it complies with your religious beliefs? Islamic finance is an option that helps you raise money according to Sharia Law and doesn’t involve any haram procedures […]

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