As expected, home loans or mortgages are common in Dubai, and the UAE Central Bank lays out clear rules. Home loans in Dubai for expats are given out on certain conditions (along with the ones mentioned above). The first step of this process is to determine how much money you need to ...
Buying a home in Dubai for the first time: What you need to know Thu, 15 Jul, 2021 Taking the leap from tenant to a homeowner is an intimidating step. First-time buyers are faced with endless choices and a whole new lexicon as they search through the property for sale in Dubai. ...
Getting a home loan in Dubai for expats and nationals is an essential aspect when purchasing villas or apartments in Dubai. If you consider the significant number of expatriates currently living or who are interested in living in the UAE in the future, they may require a home that is suitable...
Home-related repair costs are the original homeowner’s responsibility, significantly if they impact the ownership structure. As for the disadvantages of buying a rental property ending with ownership, is that if you want to modify the property in terms of design or renovation, you will need the...
Since a change in the local law in 2002, foreigners can legally buy property in Dubai and apply for a mortgage. This fuelled a big rise in expats buying homes in Dubai, either for themselves or to rent out for extra income. Individual banks set their own terms, and not all of them wi...
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Dubai is one of the best places in the world to raise kids, especially if you are talking aboutearly learning for your child. Though school fees are on the high side, the quality of education the kids are getting is much better than back home. Due to a multi-cultural society, Kids are...
However, the term “perpetual usufruct” describes a usufruct type that grants the right to use the property for a very long period, often for 99 years or even longer. And that’s a wrap to our guide on Usufruct properties in the UAE. The laws for expats buying property in the UAE hav...
“While some will lose their jobs, the same will happen in their home countries, and Dubai has proven in the past that it bounces back better than anywhere else, so I expect the vast majority to expats to remain in Dubai. “I wouldn’t be surprised if after the virus we don...
UAE has recently allowed liberalization in the property market. This will allow expats who are thinking to invest into a house to buy freehold lands anywhere in the city. Another thing that is advantageous for non-emiratis is that you don’t have to contribute in the UAE’s social security...