Generally, Dubai is famous for its stock trading and investment markets which are completely secured and stable. Investors and traders from all over the world come here and continue to upgrade their industrial facilities and infrastructure. A practical scope is available in the construction-related trade and almost the majority of the expatriates worked here in this sector. These services are very much popular in Dubai but do you have any idea about the other opportunities related to your permanent settlement in UAE. What plan you have in your mind for this important goal? When I asked some of the workers, they give me a very funny answer that they are saving using a saving account and then have a plan to get home. Can you believe this thing? Is it a practical approach using a saving account and then utilize this amount for such a big task? Like me, I am sure the majority of the readers will not agree with this approach. What is the alternative?
Almost 60 banks are working in UAE including private as well as public sector banks and they are providing some suitable mortgage finance in Dubai. What you have to do, just visit any bank and check out the terms and conditions. If you could afford a mortgage package then don’t need to invest in the business markets and give priority to your first task. What most of the expatriates do, they are interested in the business and try to find out a way through stock trading offers and profit margin. But this route is a bit risky. Let’s have a look at the possible solutions to have your own home or residence in Dubai:
- No argument that the UAE region is the most expensive but lavish place to spend your whole life. That’s the reason most of the high net worth individuals and traders would love to come here and then find a settlement. If not permanent, they must go for short term planning. The bank route to take a loan offer is suitable if you could work smartly. For example, using your bets credit score a borrower can approach any bank for a mortgage loan at the lowest rates. I am sure a reasonable way for repayment of the loan amount will work for the required time and you can easily get out of this burden.
- Planning is really important and one must check out the home loan eligibility UAE before taking any initiative. Evaluate the terms and conditions of different banks and then move along that one where you could get the best rates and smooth repayment option. Try to take the first step and the next journey will be covered with some best options. I know the risk factor is involved but you need to have calculated measures to achieve your bigger goals.
Check out the working style of Mashreq bank as you can approach Islamic as well as conventional banking under the same roof, the question is still to your interest. Keep following the offers and wait for your chance. I am sure this region and local banks can help you to find your permanent place.