Finance

In UAE home finance is readily available and it is possible to achieve up to 90% loan to value on some projects. Interest rates are not as low as those to which we have been accustomed in the UK with the average being around 8.2%, so it is advisable to seek advice from a financial advisor before committing to any purchase as you may be better off drawing down funds in the UK.

We are able to recommend a multinational independent company who could perhaps be able to find you the best product to suit your needs.

• UAE itself is not Tax Free but it has a number of economic Free Zones.
• 100% freehold ownership on properties in certain areas available to all nationalities.
• Non-resident property owners and their family are granted Residence Visas in accordance with current immigration regulations.
• No tax on property transactions but Municipal (Council) tax payable.
• Up to 70% mortgages are available on selected properties.
• Interest rates currently around 6%-6.5%.
• Developers may also offer competitive repayment terms on selected properties.
• Typical payment terms on off-plan developments are a down payment on the exchange of contracts and the balance of the purchase price in instalments as a percentage of the total purchase price based on the various construction phases with the final instalment on handover.
• Inflation rate around 10% compared with that of 3% in the UK.