Apply for a Home Loan in Dubai
Why should you consider applying for a home loan in Dubai? Dubai is the commercial capital for people from the Middle East and CIS nations, Africa and the Indian subcontinent. It has become a very popular destination. The Dubai International Airport is currently ranked as the busiest in the world. There is a growing demand for property and the construction sector is booming. If you buy to rent you can expect a rental yield of between seven and ten percent a year. This is a better return than you would get in many other leading cities in the world. Real estate in Dubai is appreciating by 20 to 30 percent every year. The city presents many opportunities for the investor. You may also want to make this exciting city your home and enjoy the many lifestyle opportunities it presents.
A home loan in Dubai can make your dream a reality
A home loan in Dubai will enable you to own property in this exciting city. Dubai is on an upward trajectory and is a safe haven for investment. A home loan in Dubai can help you realise your dream, whether it be to invest in a property for a return, or to own the home you live in. Consider the following:
• The interest rate on home loans in Dubai is generally less than 4 percent. Instead of paying rent, and in effect paying off someone else’s mortgage, you could be moving closer to owning your own property outright.
• The repayment period for a home loan can be up to twenty-five years. This means that your monthly installment can be a reasonable and affordable amount.
• You don’t have to be a UAE national to be eligible for a home loan in Dubai. UAE nationals and expats alike can secure a home loan. This can easily be for as much as 80% of the purchase amount.
Where should you apply?
In Dubai, home loans are offered by many institutions. Look for a provider that meets your needs, and provides benefits such as Credit Life Insurance and has the option to open a bank account online. This will see to the repayment of your loan in the case of an unforeseen event. By purchasing property of your own in Dubai you can take advantage of the exciting opportunities this city presents.