The Hand That feeds You Mortgages and Rental in the UAE

There has been a consolidation in mortgages in UAE recently.

Before anyone could get a mortgage, now you need to be squeeky clean as banks have become more restrictive.

There is less lending at the moment but in the long run that will help because the money will go to creditworthy clients.

In South Africa, we saw a drop in interest rates from 15% to 14% and the best mortgage guys in SA are starting to offer 95% loans, thats awesome, even to SA citizens living in UAE. So say the Wizards.

The rental market is making some great adjustments in the UAE and now you can get rental finance for 6 months, 1 year and you can pay your rent with one or two cheques, negotiate lower rents even if the landlord wants 12 cheques and manage your cash flow. Independent Finance are the guys offering this and its a real win as they have about 8 options available from interest based to fee based deals.

So be smart, get credit managed and control that crazy spending anduse your money wizely.

DUBAI in Black and White.... part 1...

When you finally enter Dubai, or the UAE.......

There are a few things that you will need

A CAR, A PLACE TO LIVE and a JOB!

then step into the doorway, put on your shades

and enjoy this DUBAI in black and white; an amazing

place where everyday feels like a holiday.

Next on your journey get yourself PRE-QUALIFIED by an expert for ALL finances for the future. Email them and tell them I need a pre-qualification for future finances. They will assist you from that day onwards for opening bank accounts, getting car finance, short term loans for rental, home loans and mortgages, all insurance and offshor financing, investment and establishing of trusts and tax havens. - Now thats what I call service.

Once you have learned how easy the taxi's work - don;t ever drink and drive here - its painful!!!!

Working days typically 9 to 6 and sunday to Thursday - yes the weekend is Friday and Saturday and the diving is good, snorkelling excellent and the dates out of this world.

Experience DUBAI in Black and White - this town is about service.

Then go down to the beach, if you are not living there already and chill!

Mortgage Rules!! mmmmm!

Not just any piece of land!!


Under the law, which could be in force within three months, mortgages will be considered null and void unless they are registered with the Dubai Land Department.

The Managing Director of Independent Finance, the best known Dubai-based mortgage advisors, said banks were unable to access details of an individual’s debts with other lenders as easily as they would like.

“Even though they have the Emcredit bureau, it is still in its infancy stage and until more people contribute towards the information base, it’s going to be difficult,” he said. In the absence of a central database of mortgages, banks rely on borrowers’ bank balances to identify existing loans and debits.

The mortgage law, which will come into effect within 60 days of being published in Dubai’s official gazette, will also introduce a process to deal with foreclosures in the event of borrowers seriously defaulting on their repayments.