Land Financing

Land Financing in Dubai and the UAE

Over the past 10 years, the real estate market has changed dramatically in terms of real estate financing. The number of transactions with financing has increased significantly and has become the norm in the local real estate market.

Mortgages from national and international banks are available in Dubai for both UAE residents and non-residents. However, other alternative forms of financing are now available. These should also be considered when buying a property.

Financing of an existing property

When purchasing an existing property, at least 20 percent or, as a non-resident, 50 percent of the purchase price must be contributed as equity. 80 percent or 50 percent can be financed by a local mortgage.

The maximum term of a mortgage is 25 years. In Dubai, the entire investment is amortized over the agreed term.

Financing of a new construction project

Financing options also exist for new construction projects. However, for new construction projects, only 50 percent of the purchase price can be financed through a bank. The other half must be contributed as equity. The maximum term is 25 years.

Mortgage interest rates range between 6-8 percent. Since the dirham is pegged to the U.S. dollar, interest rates in Dubai are similar to those in the United States.

Why Choose AL Amal Mortgage Consultant LLC for Land Financing in Dubai & UAE:

Tailored Financing Solutions: AL Amal Mortgage Consultant LLC understands that each land investment is unique. Our expert team crafts personalized financing solutions that cater to the specific needs and goals of your land venture, ensuring financial support that aligns seamlessly with your vision.
Local Real Estate Expertise: With an in-depth understanding of the local market dynamics, our experts provide valuable insights into trends, potential, and strategic areas for land investment. This knowledge ensures that our Land Financing solutions are not only financially viable but also strategically sound.
Efficiency in Processing: Time is of the essence in land investments. AL Amal Mortgage Consultant LLC prioritizes efficiency and streamlines the financing approval process, enabling you to seize opportunities and initiate your land development projects promptly.
Transparent Communication: Trust is the foundation of our client relationships. AL Amal Mortgage Consultant LLC values transparency and ensures clear communication at every stage of the Land Financing application and approval process, providing you with confidence and peace of mind.
Competitive Financing Terms: Recognizing the significance of favorable terms in financial transactions, AL Amal Mortgage Consultant LLC offers competitive financing terms for land investments. Our aim is to empower you to make strategic decisions for your investments while maintaining financial stability.

Choose AL Amal Mortgage Consultant LLC as your trusted partner for Land Financing in Dubai and the UAE. Our commitment to personalized solutions, local market expertise, and transparent processes ensures that your land ventures are backed by solid financial support. Explore the possibilities with AL Amal Mortgage Consultant LLC and embark on a journey of successful land development.