The Memorandum of Understanding is a memorandum of understanding and is part of the buying process. This is an agreement made by a real estate agent, signed by you and the seller, that sets out the terms and conditions for buying the property. We will always check the Memorandum of Understanding on your behalf before you sign it.
Yes of course! Banks have different preferences when it comes to applications for employees and self-employed. We have extensive experience working with self-employed clients and are familiar with banks that rate this candidate positively.
You can talk to one of our mortgage Consultant. Who can assist you with the process step by step and helps you to obtain pre-approval.
The mortgage approval process is the first step in obtaining a mortgage and can take up to 5 working days. However, note that obtaining prior approval may take longer depending on the bank used and the complexity of your case.
Once the pre-authorization is guaranteed and you are ready for the property you wish to purchase, we will manage the rest of the process on your behalf until it is complete.
We recommend that the first step in obtaining a UAE mortgage is to talk to one of our mortgage Consultant.
In the initial meeting, we will determine your situation and profile as per requirements. Based on this advice, we can recommend the mortgage product and guide you through the pre-approval process.
Once you have found and finalized the property you wish to purchase, we will work on your behalf with the bank to receive a final offer and manage the entire process.
The minimum age is usually 21 years and the maximum age is up to 65 years for working expats or 70 years for UAE citizens and self-employed expats.
Yes, all banks will check your credit before approving a mortgage. The credit bureau is called the Al Etihad Credit Bureau and you can get your own credit report by downloading the app and paying a small fee.
