There are a number of ways to finance the purchase of freehold property in Dubai for UK investors. The most common option is to apply for a mortgage from a Dubai bank. However, there are also a number of other options available, such as using a UK mortgage lender or financing the purchase yourself.


Mortgages from Dubai banks


Most Dubai banks offer mortgages to foreign investors. However, the loan-to-value ratio (LTV) that you can borrow will vary depending on your nationality and income. UK investors can typically borrow up to 50% of the value of the property.


To apply for a mortgage from a Dubai bank, you will need to provide a number of documents, including:

  • Proof of income
  • Proof of assets
  • Passport and visa
  • Property valuation


Once you have submitted your application, the bank will assess your creditworthiness and make you an offer. If you accept the offer, you will need to sign a mortgage agreement and pay a deposit.


UK mortgages


Some UK mortgage lenders also offer mortgages to borrowers who are buying property in Dubai. However, the LTV that you can borrow will typically be lower than if you were buying property in the UK. UK investors can typically borrow up to 30% of the value of the property.


To apply for a mortgage from a UK lender, you will need to provide a number of documents, including:

  • Proof of income
  • Proof of assets
  • Passport and visa
  • Property valuation


Once you have submitted your application, the lender will assess your creditworthiness and make you an offer. If you accept the offer, you will need to sign a mortgage agreement and pay a deposit.


Financing the purchase, yourself


If you have the funds available, you can also finance the purchase of freehold property in Dubai yourself. This can be a good option if you are able to get a good deal on the property or if you do not want to be tied into a mortgage.


However, it is important to note that the Dubai property market can be volatile, so it is important to do your research and make sure that you are buying a property that is likely to hold its value.


How Aeon & Trisl UK can help you finance your freehold property purchase in Dubai


Aeon & Trisl UK can help you finance your freehold property purchase in Dubai by:

  • Connecting you with reputable mortgage lenders
  • Helping you to compare mortgage rates and terms
  • Providing you with advice on the Dubai mortgage market
  • Helping you to complete your mortgage application


Aeon & Trisl UK can also help you to find the perfect property for your needs and budget, and negotiate the best possible price.


If you are a UK investor looking to finance the purchase of freehold property in Dubai, contact Aeon & Trisl UK today. Their team of experts will be happy to answer your questions and help you get started.