In the first quarter of 2016 Dubai recorded AED 54,782 billion ($14.9 billion) of real estate transactions , reported on Sunday. In its quarterly update, the Dubai Land Department (DLD) said that the $14.9 billion of transactions included 8,440 sales and 3,213 mortgage transactions, as well as 915 “other” transactions. Read More...
We are watching the market since long and now in 2016 willing to do our first real estate investment. But not sure whether to buy a house to live on or use as the investment property, kindly advise me what the benefits of buying as an investment are? And how you perceive Read More...
We all comprehend that mortgage is a long-term commitment; hence, we need to strategically plan the route. With most banks in the UAE offering initial fixed term periods thereafter providing options for standard variable rates (SVRs), it becomes vital to understand the implications of floating rates as these cover a major portion of the Read More...
Buying a new property or refinancing the existing mortgage in the UAE can be confusing, especially when you have a list of home loan products available from both local and international financial institutions. Here are some handy tips which one should consider before taking a mortgage in Dubai. Shop around Read More...
Buying a home is likely to be one of the enormous purchases and when we support that with mortgage finance, it’s always judicious to enlist the service of an independent mortgage consultant or a mortgage broker, who can lead you to make an informed financial decision in life. Mortgage Consultant helps to find the Read More...
The future builds on the foundation of the past. Well, the same has been demonstrated in 2015 and would be chronic in upcoming years, as certain regulations which were restructured in the past by the regulators have started coming into effect. However, the fundamentals remain strong with the healthy market correction and this Read More...
Regardless of what you owe, zeroing out the housing costs is a smart move. Sales prices have plummeted as much as 30 to 40 per cent since the year 2011-2012 and current interest rates are at a remarkable low at around 2.99 per cent fixed for 2 years. As a result, today many Read More...
For most people, buying a home means the biggest purchase they will ever make. And having a home is together a combination of lifestyle, affordability, and a long term investment decision and definitely, the numbers support this decision. Buying a property can be an enormous investment hence it should be done with great Read More...
I own a villa in Dubai which is still on mortgage and I am moving to Canada with my family and I don’t want to sell my property. Can I continue to pay the mortgage as usual or the terms will change? Kindly advice, what should I do. This is a very common question Read More...
3 years back I bought an apartment in Abu Dhabi and now have AED 1.8 Million outstanding amount, I feel that I am paying higher interest rate to my current lender, can I switch my mortgage to another bank and what are the costs? Yes, surely it would be a smart decision to Read More...