Issue of an entry permit to the UAE for an individual entity before they arrive in the UAE.
Mortgage Assistance
MORTGAGE in UAE
In the UAE, numerous financial institutions and banks offer mortgage services to individuals and businesses seeking to purchase properties. These services encompass a wide range of options, from home loans to commercial property financing, tailored to meet diverse needs. With competitive interest rates and flexible repayment plans, UAE mortgage services facilitate property ownership for both residents and expatriates, making the dream of owning a home or expanding a business a reality.
Eligibility for Mortgage in UAE
To be eligible for a mortgage in the UAE, applicants typically need to demonstrate a stable source of income, a good credit history, and the ability to make a down payment. Banks often consider factors like age, employment status, and debt-to-income ratio when evaluating eligibility. Expatriates and residents alike can apply for mortgages, but specific requirements may vary based on the lending institution and the type of property being financed.
Procedure For Getting
MORTGAGE
Entry Permit
Arrival Procedure
Arrival of a person in the UAE. Iris-scanning and photo after the arrival. Obtaining stamps of entry into the country. Providing data to government agencies and Immigration Service about the arrival of an individual.
Medical Examination
Passing a medical examination in one of the authorized medical institutions for the detection of diseases that are not compatible with the issuance of a resident visa. At this stage, a blood sample is taken from the vein and a fluorography is performed. This step usually takes 2-4 days. Then the medical institution issues a certificate stating that "the person is healthy and fit to live in the UAE" or “not fit to live in the UAE”.
Biometric Data
After medical examination, a person draws up an Emirates ID, where all relevant biometric and passport information about him is stored. To obtain this identification card, a person must go to one of the state identification centers and submit their biometric data (fingerprints, retinal scan, profile photo).
Issuance Data
The issuance of ID takes approximately 4-5 weeks. However, for resident visa it will be enough to provide a copy of the confirmation document from the identification center, which is issued to everyone after the submitting biometric data procedure.
Issuance Certificate
Now you have a certificate from an authorized medical center and a confirmation from the Emirates ID identification center. You need to apply for a resident visa in the UAE.
BENIFITS OF MORTGAGE in UAE
Mortgages in the UAE offer several advantages, including tax benefits, predictable monthly payments, and the opportunity to build equity in a property. Fixed or variable interest rate options provide flexibility, allowing borrowers to choose a plan that suits their financial goals. Additionally, owning a property through a mortgage can serve as a valuable investment, potentially appreciating in value over time and providing long-term financial security for individuals and families in the UAE.
