Dubai Investment Property Mortgages

As was widely predicted there have been positive movements in the Dubai mortgage market since the emirate’s new property law was finalised recently.  Dubai investment property mortgages are now available in a wider form, from more lenders and for the purchase of property from the resale market.

One of the main property financiers in Dubai is Tamweel and they have a range of new home finance products available including sharia compliant mortgages and special offers for corporate customers looking to purchase property from selected Emaar or Jumeirah Islands developments for example.

The current special Dubai investment property mortgage offer from Tamweel is only available until the end of April, although if it proves popular it’s likely it will be the first in a series of special home finance offers.  Currently corporate customers who seek finance to purchase from selected Emaar or Jumeirah Islands’ developments can reduce the amount they have to put down as a deposit and finance up to 90% of the market price of a villa property.

For property investors this is excellent news because depending on the purchase price of a property and the targeted rental income it will generate, by using the power of OPM (other people’s money – in this case Tamweel’s money) the rental yields and overall profits can be far higher and the risk involved in committing substantial personal funds to immovable property can be reduced.

Tamweel are also in a position to offer adjustable repayment mortgages which are totally sharia compliant; the mortgage product is known as ‘Yusr’ and has already been hugely successful.

In other Dubai investment property mortgage news, Cayan who are developing the Infinity Tower in Dubai have joined forces with Amlak Finance to offer property investors the chance to finance up to 90% of the purchase price of any Infinity property over a period of up to 25 years.  The length and terms of this particular home finance product are far more flexible than the majority of mortgage products available for the purchase of property in Dubai currently and have pushed up the levels of interest being shown in Cayan’s stunning high rise property development.

As the Dubai based home finance market matures and develops so mortgage products are becoming more widely offered and more accessible to a greater number of people which should ensure the success of the investment property market in the emirate at least for the foreseeable future.

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