Category: mortgage in uae
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WHAT IS THE MINIMUM SALARY FOR A HOME LOAN IN THE UAE?
The UAE property market is booming, with over 48,000 property sales amounting to AED 120 billion in Dubai alone during Q3 2024, yet many aspiring homeowners find themselves unsure of where to begin. One of the biggest hurdles is understanding if their salary meets the minimum salary for a home loan in the UAE. Without…
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AN EXPERT’S GUIDE TO INSTANT PRE-APPROVAL OF MORTGAGE IN UAE
House hunting without knowing your budget could make you fall in love with something out of your league or overlook a perfect fit within your reach. That’s where pre-approval of mortgage comes in, offering clarity and peace of mind from the get-go. Mortgage pre-approval doesn’t guarantee you a home loan, but it does provide a…
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MINIMUM CREDIT SCORE FOR MORTGAGES IN THE UAE
Securing a mortgage in the UAE requires a good credit score, much like in other countries. However, the specific minimum credit score for a mortgage in UAE can be confusing due to varying lender requirements and a lack of clear information. Moving forward, we’ll clarify the minimum credit score needed for home loans in the…
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IMPACT OF ECONOMIC FACTORS ON MORTGAGE RATES IN UAE
Mortgage rates in UAE are influenced by a complex interplay of domestic and international economic factors. These rates are crucial for both potential homeowners and investors to understand, as they significantly affect the affordability of mortgages and the overall real estate market dynamics. Let’s understand the various economic factors that impact mortgages in the UAE.…