It is possible to get a mortgage in UAE for non-residents through a specific procedure and it is required to produce the necessary documents. To get a mortgage for purchasing a property in Dubai or an off-plan property that is already purchased and needs the mortgage for the final developer handover payment, or already
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Knowing the credit score before buying the mortgage is the first step which will be of a greater advantage. To get a mortgage it is best to evaluate and maintain to have a higher credit score are else you will not qualify for a mortgage with better rates. That means the interest rate for the
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Economic safe and stability: Because of its strategic location, strong financial reserve, large sovereign wealth funds, and sustained government spending, UAE is gifted with the advantage of economic stability. The progressive policy of economic diversification allows the country to expand with an increase in productivity by shifting the economy away from a single income source
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Getting a Mortgage without a credit score? Is it possible? Getting a mortgage without a credit score or credit history is possible as it is determined as the difficult one because finding a lender and convincing to provide a loan without a credit score is not easy. There are certain ways to get a
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What is a mortgage? The mortgage is a type of loan offered by a bank (lender) to purchase any tangible assets ( house, land or Property) or any type of real estate. The borrowed sum should be paid periodically (installment) in the form of principal and interest until the end of amortization period. The
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