UAE banks confirm 75% mortgage cap wish

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Posted by: anonym

May I also suggest another move that needs to be made is to protect the "consumer" in case of death. This vagueness has yet to be addressed and there is no law ( in my knowledge ) that provides clarity on this subject. If there is one, it will be good for someone to throw some light on it and provide evidence of such a law. As far as I know, even the legality of a will is yet to be confirmed. An establishment of a law that addresses this will be definitely provide a boost in investments in this region. It is a known fact that there are many MANY people who are reluctant to invest any money here for this reason alone - or they are constantly trying to find ways to get around this 'problem'. Why not just address it ? Once this is done, people will be more at ease to put up the money.. either front it or even to take a loan.

Posted by: Red Snappa

25% deposit on AED 1 million ($68,000) is still a sizeable chunk of change to find for a buy-to-live purchaser to find, extrapolate that up to a villa!!

Springs 3-Bed AED 2.55 million ($173,400)
Arabian Ranches 3-Bed AED 3.5+($ 238,000)

and so upward and onward.

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