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By aiming to take the life quality to an upper level with the whole realized Projects, Homepark continues to be the address of luxury.
Secure Financing with Equity Release or Mortgage Against Property
In the United Arab Emirates, owning real estate entails more than just having a house; it also entails possessing a significant financial asset.With an equity release, or what is often called a mortgage against property, the owners can find out the concealed value of their property by converting a part of its real estate into cash. Through the market value of the property that you own, you can acquire funds to invest, venture into business or use the funds personally even without selling the property itself.
This financing is ideal to people who wish to invest their wealth in strategic ways without losing the long-term returns in real estate.
The equity release options are more available to residents hence it is a very flexible solution to many needs. Equity release mortgage is ideal in financing expansions in business, consolidation of debts, investments in real estates, or high personal expenditures because it offers instant liquidity without the need to sell off the property.
The Loan-to-Value (LTV) ratios offered by the banks of the United Arab Emirates to the residents vary between 60 to 70 percent, depending on the profile of the borrower, income stability, and the nature of the property being mortgaged. The repayment plans are made manageable and there are variable interest rate repayment plans and fixed interest rate repayment plans where the borrowers can choose the best one to suit their financial objectives.
Non-residents may also get equity release mortgages, but the products are fewer. Banks tend to finance a maximum of 50 percent of the property value and the interest rates might be slightly more than what they charge the residents. The eligibility criteria is also stricter, where non residents are likely to provide impressive income documentation, good credit record and full paperwork on property ownership.
Despite these conditions, equity release remains an attractive option for international investors. It allows them to access liquidity from their UAE assets, which can then be reinvested into other opportunities across the globe, all while continuing to benefit from the strong property market of the Emirates.
An equity release mortgage is not simply a deposit of money- it is a clever method of getting your property to pay you. As capital that is locked in real estate becomes unlocked, residents and non-residents are able to drive growth, diversify their investment and satisfy financial requirements, as well as protect their wealth over the long term. Equity release is the most appropriate mixture of flexibility and opportunity in the flourishing real estate market of the UAE.
Office 601, MAI TOWER - Al Nahda, Dubai UAE
Monday to Friday 09:00 to 18:30
Saturday we work until 15:30
Office 601, MAI TOWER - Al Nahda, Dubai UAE