Truth about Off-Plan Mortgages in Dubai !
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- Опубликовано: 6 окт 2024
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Lol...simply stick to what you can afford at a certain point of time in a certain market....if you can only afford a studio or a 1BR, why ask for a Townhouse or a Villa, when u simply cant afford it be it with a payment plan or with a mortgage.
To answer your question why banks only mortgage Emaar offplan projects, its simple, a bank will only risk offering a mortgage with a semi-govt reliable developer, that wont go bankrupt or runaway and will surely complete the project.
Great video.
This channel will go viral soon
Keep doing good work bro.
Amazing content. This scam of off plan properties should stop. Just be 1% and exploit the masses is so cheap. Only thr developer has made his manson 😂
Apartment prices have become a bubble in most family areas due to the payment plans, however onr can still get townhouses at reasonable prices. But with post handover plans one can buy double the units without bank finance
As a NON UAE based investor looking at UAE and USA ,,, there is a huge fear in mind about UAE property ( apart from the usual bubble cycle) and that is because the population is 80% + is transient what will happen if a GFC happens ... had heard stories about people defaulting on car loans and fleeing the country ..
Please refer to Henley and partners or knight frank report . The expected inflow of populations due to the obvious issues in the west is higher than the no of units which are going to be delivered.
@@bryangopan obvious issues in the west ? to whom? South Asian migrants or the local ( mostly white ) population? If you take both categories in Migrant countries like Canada ( 35 M) and AUS 26 M / NZ 6 M it is not that huge no are trying to move to UAE? for short term yes if they get a job worth moving all the way from here,, UAE migration ( that too temp) seems to be either from India Pakistan and eastern Eu or Russia and may be Africa but with no true PR if law changes or downturn happens one has to get out of the country! that not the case if you are in the west.. as they offer TRUE PR any way UAE seems attractive but the fear ( specially who are settled in West from South Asia ) is there
Excellent
na I reackon you got it
4% DLTax is understandable but why one has to pay the Finance broker 2% they should get paid by the lender / a combination of trailing commission and fixed commission)
@@jiti5034 you don't pay the broker... usually the bank does
@@TheRealDealIndeed ? when I made inquiries they said in UAE the mortgage taker pays the broker?
@@jiti5034 that he not been my experience... perhaps different brokers have different deals
Just saw the video till he lied that the banks only mortgage Emaar projects😂😂
@rune22143 there's really no incentive to lie here. Beat info I have is that the most reliably available mortgages are for emaar properties right now..there are a few exceptions also. Jumping to calling someone a liar is a bit much don't you think?
@@TheRealDealIndeed lol, I got a mortgage for my handover for Deyaar. So STFU
@rune22143 I don't think this gentleman understood the video... Or my comment for that matter.
Did you mean mortgage?
@@fofo849 yup, typo fixed. Thank you !
Good info 👍