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How to Secure a Mortgage for Property in Dubai as a Foreigner - Gurgaon
Friday, 18 October, 2024Item details
City:
Gurgaon, Haryana
Offer type:
Sell
Price:
Rs 122,102
Bedrooms:4
Full Square, m²:3800
Item description
The majority of non-resident investors have received loans from Dubai-based banks, and many other institutions now permit 75% financing of the property value, making it simple for Indians looking to buy property in Dubai. However, some organizations might require a 25–30% down payment on the account of foreign buyers. Some of the largest banks that offer mortgages to Indians are HSBC, Mashreq Bank, and Emirates NBD. This is not to mention that the terms on mortgages range between five to twenty-five years while interest rates could either be fixed or variable depending on what the lender offers. The sum total of all these financing options combined with the booming real estate market in Dubai now makes homes-or investment properties for Indian investors-possible.
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