I was thinking about buying a house here in the UAE, I am an expat from the UK and wondering if it is possible for me to receive a mortgage from a bank out here even though I am not a UAE national.
The deposit for expats is 25% and 15% for UAE nationals.
The deposit was increased a number of years ago after the global financial crisis. The move was designed to reduce the number of people taking mortgages they couldn’t afford. This at the time was considered odd as more than 75% of property transactions were cash…