What is property gifting? Property gifting enables property owners to record gifted property in full or in part by assigning a property to a single person, a group of people (first-degree relatives: mother, father, spouse, or children), or corporations, provided that the property is not restricted or granted. In the Dubai Land Department, the person…Read More→
What is mortgage tenure? A mortgage tenure is the amount of time over which you need to repay your mortgage loan fully. It’s specified by the lender in the terms and conditions of the loan offer and determines how long you’ll be required to make monthly payments toward your mortgage. It’s also referred to as…Read More→
Want to invest in off-plan property in Dubai? Discover how you can finance an off-plan purchase with a mortgage to take advantage of these new opportunities. What is an off-plan property? Dubai continues to be one of the most highly sought locations for real estate investments in the world. Anticipating continued demand from buyers, real…Read More→
As you prepare to apply for a mortgage, you’ll come across terms like “prequalification” and “preapproval.” It’s essential to understand what these terms mean – they’ll guide your home search and help you focus on homes you can afford. When the time comes, they can also help you decide how much to offer and show the…Read More→
High-net-worth individuals (HNWIs) and expatriates are drawn to the thriving metropolis of Dubai. It is not surprising that many people are considering moving here to pursue a better lifestyle given its contemporary infrastructure, tax-free income, and low cost of living when compared to other big cities with comparable living standards, such as New York, London,…Read More→
People relocate for many reasons – moving for work, to be closer to family, to move to a better school district for their kids and more. Once you turn the key in the lock and step over the threshold as a new homeowner, you’re entitled to bask in the revelation that you’ve bought a new home….Read More→
Mortgage applications are not always approved, because sometimes a person doesn’t meet all of the eligibility requirements (which are there to prove that you’re a trustworthy and investment-worthy consumer). Some rejection reasons are more common than others, but it’s important to be familiar with them because sometimes you can avoid rejection beforehand. Following are a few…Read More→
What is a Snag? A snag is a small defect or a problem that is found in a property after the construction is completed. It usually takes the shape of an incomplete/unfinished or damaged work. It might be something like a chipped tile, patched paint job, scratched glass, uneven/ugly terminations, missing door stopper, missing screws,…Read More→
Dubai has emerged as a global leader in terms of innovation. As a well-connected business hub, it offers great opportunities to many graduates from around the world. Thus, the city has the highest rental yield compared to other countries. Many people are investing in Dubai’s real estate, making it a hotspot. With the increase in…Read More→
We think it’s important to celebrate when someone buys a home, so let’s work to reduce your worry and prepare you for all the processes involved in doing so. Where should a home buyer begin? The process of purchasing a property involves many steps, from budgeting and searching to viewings and contracts. But ultimately, being…Read More→
