Finance
Finance is available but only on selected developments via Mashreq Bank, who are offering finance up to 80% for residents and 65% for non-residents.

• Up to 15 year terms
• Market based/competitive interest rates
• Customers will need to provide proof of salary/bank statements
• Mortgage pre-approvals will be possible in advance of selecting the property you want to buy

Costs involved when purchasing an apartment?
Land registry - fee of 1.5% payable on completion

Service charge - Payable annually. A maximum of 12 AED per sq/ft. As it is a freehold ownership, the owners will have a say who the management company is, therefore the management company will always charge competitive rates.

Solicitors are not usually used as the contracts are easy to understand & non-negotiable.

Tax Free - On capital growth and rental income unless bringing money back in to the UK. Many investors set up off-shore accounts to avoid this tax.

Build Guarantees
The developer remains liable for 10 years for structural problems and have back-to-back warranties from the main contractor.