C9 Hotelworks Logo Hospitality Consumlting

UAE Addresses Foreign Property Mortgage Ceiling

Category: Real Estate. Posted: 18th Jan 2014

The UAE (United Arab Emirates) has seen legislation introduced this January into the real estate sector which is aimed to address loan coverage and consumer protection.

In a circular from legal firm DLA Piper LTV''s (Loan to Value) limits on expatriate property buyers have been set at 50% for off plan purchases.

Clearly this move is set to address property speculation and ensuing defaults.

Maximum loan terms have been set at 25 years.

Also addressed is wider disclosure of mortgage documentation.

Talk to C9 today and fınd out how we can help you.

Telephone: +66 (0)76 271 535 | Email:

Skype: C9Hotelworks, or go to our contact page.

Contact Us

Telephone: +66 (0)76 271 535
Go to our contact page.