Mortgages in Dubai Barclays Bank
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Mortgages in Dubai by Barclays
Barclays Bank provide mortgages in Dubai ideal for overseas buyers
Mortgage finance in Dubai is a relatively new concept
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with many off plan properties being funded by investors own finance. This method has left Dubai in a unique position which some say is its strength. Buying off plan property usually requires financing over a period of time . Typically Dubai real estate buyers would pay a deposit followed by some sort of payment plan. These are based on milestone or time schedules.
More about mortgages in Dubai
Quick Jump
The Advantage Barclays Mortgage Dubai
Overseas buyers should obtain mortgage finance with a name they can trust
Savvy investors know that profits are made at the purchse.ie buying a property with discounts allows greater margin for capital growth further along the line. Buying off plan property in Dubai allows just this howver an investor that can bargain still further to achieve discounts on discounts is set to do well. Having your own funding and paying for your property up front will put you in a strong position and will in most cases give you further discounts. Using an international Bank such as Barclays has lots of advantages the one that is most underestimated is the feeing of security of dealing with a big name that has a sound reputation.
Using a Barclays Mortgage to buy property in Dubai
Whether your looking to relocate to Dubai or want a 'buy to let', Barclays have some great mortgages to help you. Just some of the features are;
- You could borrow up to 90% of the market value of your new property
- You can get a loan period from 5-25 years
- Our mortgages are available in a range of currencies from sterling, USD, Euro and UAE Dirham
- Our interest rates are competitive to offer you a great deal on your mortgage
Non Residents Buyers in Dubai
Full Barclays Services available to Foreign Buyers
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It's not only great mortgages Barclays can help youwith they also support you in a number of other ways too. They can set up a local account for you to pay your local utilities and bills with. You'll will also get a cash card to make payments and access your money at ATMs around the world.
To find out more about how we can help you, please don't hesitate to contact us.
Buying Property in Dubai Mortgage Options
Foreigners need to consider which freehold property in Dubai
Barclays in Dubai will only finance developments that are built by government owned or associated entities as well as private developers in Dubai. Here are a list of the developers that we work with:
- Emaar
- Nakheel
- Dubai Properties
- ETA Star
Barclays Mortgage Advisors
Barclays Mortgage Advisors on hand to help in Dubai
In another benefit, a team of expert mobile Barclays mortgage advisors will meet customers to discuss the best mortgage for their requirements. The Advisors will travel around Dubai in Barclays-branded Minis. Loan approvals will be made within 24 hours, at competitive interest rates (all rates indicated below are variable rates).
About Mortgages in Dubai
Dubai Mortgages are now easier to obtain
Mortgages in Dubai are a relatively new concept with the majority of Dubai projects being bought with investors own finance. With the 800 new Dubai work and residency visas currently being issued every day and an estimated 300,000 apartments set to come onto the market in the next four years, the Barclays Bank is expecting a good response to its new service.
Barclays Mortgage News
Barclays Bank vision for Dubai property buyers
Richard Exton, director of Barclays Buying Abroad, said: "There has
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been a real growth of late in the number of multinational businesses opening Dubai offices as the Emirate responds to double digit growth in its economy over the last five years.
"We are therefore seeing a shift from people looking for luxury holiday or retirement homes to those looking to live and work in the UAE. That is adding to the market dynamic and we have seen a major boost in enquiries which convinced us that people are looking for a lot more support to help them through the process out there."
In February 2006, Barclays announced its intention to increase the proportion of profits it generates from outside the UK to 50% within three years, from 40% in 2005. The new mortgages will be offered by the bank’s international retail arm, International Retail and Commercial Banking. The launch of new mortgage products in Dubai is a tangible example of how we are using our proven global expertise and competitive advantage to develop innovative product propositions that benefit our existing and new clients.’
News
Barclays Launch Dubai Mortgage
Overseas mortgages your options
Mortgages in Dubai the choice is yours
1.) Raising finance at home
Re mortgage an existing home to release equity is a popular option and until recently the easier option for overseas buyers. Many overseas property buyers live in countries in which the housing markets have left them with equity in their own homes. The UK property market is a good example many people have benefited from steady house price increases leaving them with small mortgages and large amounts of equity.
2.) Using a local overseas mortgage lender
Dubai has its local banks who are now increasingly offering some good deals to overseas property buyers.
3.) Securing an overseas mortgage with an overseas mortgage provider.
International mortgage providers can provide mortgages in a variety countries. International mortgages advisors tend to be knowledgeable and provide overseas buyer with a real alternative to other financing options. Many overseas buyers feel more secure dealing with a name they know and trust
4.) Use local financing from a developer in Dubai
Many developers offer their own in-house financing with the advantage of staged payments. Some developers have set time scales whilst other require payments when certain aspects of the building are completed.
Dubai Lawyers Legal Services
Buying property in Dubai use our reputably lawyers
We work with a panel of reputable Dubai lawyers managed by a UK based legal firm . Our lawyers are local and specialise in property law
Dubai Lawyers and Legal Services
Investing in freehold Zones in Dubai
International investors in search of a mortgages in Dubai will find it easier to concentrate their efforts in freehold areas in Dubai.
Properties for sale that are suitable for foreign buyers in the following freehold zones: Dubai Sports City , Dubai Marina , I.M.P.Z. International Media Production Zone , Jumeirah Village , The Palm Jumeirah, Shaikh Zayed Road, International City, The Lagoons, Palm Deira, Jebel Ali Airport, Emirates Road, Dubai Land ,Business Bay ,Downtown Dubai and much more
Investment Advice
We offer the investor advice and information about overseas property investments and best of all selection of cheap investment property. If you have a budget and have done some research and are ready to move forward with finding an investment property you can call one of our team or make a property finding request.
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| Damac properties | Dubai property |
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