How to Get the Best Mortgage in Dubai

Being an expat in Dubai gives you a great opportunity to start building towards your investment portfolio, growing your funds and securing a stable financial stance for your future. One such investment is getting on the property ladder in Dubai.  A mortgage is one of the most common and popular long-term investments.  So how can an expat be sure they are getting the best mortgage deal available to them, and what things do they need to consider when buying their first property? Future Expenses Prior to seeking mortgages and loans to purchase properties, it’s important to consider any expenses you may face in the future – especially when deciding how much you can afford to pay. Some of the most common questions lenders will ask applicants include:
  • Are you planning to have children?
  • Do you see yourself starting a business/venture?
  • Will you need to put elderly relatives or parents into care?
  • Are you planning on further studies?
Affordability The approval of a mortgage application depends on assessing your ability to make repayments within the agreed timelines. This will help you determine:
  • The most suitable mortgage deal
  • How much you should borrow
  • Length of the mortgage term
Interest Rates Lenders will also consider whether you could handle the interest rate applicable for the borrowing amount. As this is part of the financial assessment, it will help you see how any fluctuations in the rate would impact on your monthly repayments. This allows you to check whether you could still afford the selected mortgage deal if rates rise. Holborn Assets Mortgage Hub Getting on to the property ladder doesn’t have to be difficult. Specialist advice and assistance may be required to find the best available deals on the market. This is where we can help. Sit down with one of our professional mortgage experts to factor in:
  • The cost of future expenses to see the impact on your mortgage affordability payment and period
  • To calculate mortgage repayment
  • How much repayments will be for different loan amounts, interest rates and terms
  • Provide a clear idea of your personal spending limits
Holborn Assets has become one of the largest mortgage consultants in the UAE and internationally.  The Mortgage Hub was established with the initiative to offer tailored consultations and advisory on mortgages, property investments, first-time purchases, buy to let, re-finances, equity releases and more. The team possesses years of experience finding mortgages for expats in Dubai from a range of lending institutions in the UAE. We have built strong relationships with our lenders and their underwriters, often being able to offer exciting mortgage rates for the retired which are otherwise not available for individuals on the open market.

Ready to chat with
a specialist?

Get started

You may also be interested in

Jeremy Hunt unveils the 2023 Spring Budget

Jeremy Hunt prepares to deliver his first official Budget as chancellor. We look at some of the key points from the Spring Budget 2023.

Read more
Portugal golden visa changes 2023

Is it adeus for the Portugal Golden Visa?

Following the statement by the Portuguese government, we go over everything we know so far about the proposed changes to the Portugal Golden Visa in 2023.

Read more

New Year’s resolutions for 2023: Achieve your financial goals!

Achieving your financial goals should be included in new year's resolutions. Holborn offers a free personal financial review to all of you!

Read more
2022 year in review

2022: Financial year in review

2022 is almost a wrap, and it's been an eventful year. Here, we look back on 2022, what it has taught us and how you can prepare financially for 2023.

Read more