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Finance a Property Purchase |
Before you even start looking for a property in Dubai it is a good idea to have your finances in place. The property market in Dubai is very fast moving and if a buyer does not have a mortgage arranged or ready cash in place the sale can fall through at the early stages of the purchase process.
A mortgage can be arranged either in the investor's home country or through a local financial institution in Dubai. There are more and more companies offering financial products to non-resident buyers so it is worth shopping around to find the best interest rates and payment terms. If the buyer is arranging finance on a resale property the bank will usually require a valuation to make sure it is worth the asking price.