Investing in Dubai’s booming real estate market has become increasingly attractive for both local and international investors. The city offers a range of properties from affordable apartments to luxury villas. However, before taking the plunge, it’s crucial to understand the various costs involved ...
Maximum 30% of net income for buy-to-let (for mortgage with higher incomes, lenders may use the maximum rate within the limits of their procedures and prudential requirements of the Central Bank). Affordability Test: Same as for mortgage loans denominated in Local Currencies. In addition, this...
The minimum required energy performance of a building after a major renovation was set to class C, thus making the LTRS more stringent than the EPBD directive requirements of class E by 2033. The renovation to EPC class C is based on the optimal cost calculation of the net present value (...