Are you dreaming of selling or buying property in Burj Khalifa or anywhere in the UAE? Then EBS is here to serve you with the best property solutions according to your property needs while maintaining excellent communication and ensuring a smooth process.
So, are you looking for a unique way to manage your property?
Don’t worry; manage your property now with us!
EBS offers property-related services such as
Our EBS professional advisors are specialized in having industrial knowledge, current market trends, and high experience to deliver the best advice that meet client’s property needs. We know buying a property is a hectic task, but with us buying your home will be very easy; from finding your property as per your unique requirements to financing it, we are here to help you build your dream home.
Our professional team can aid with the valuations of commercial and residential properties in the UAE. We offer valuations on all types of properties, including both mainstream asset classes and large mixed-use classes, as mainstream assets include offices, retail, and residential properties.
If you are interested in selling your property in UAE and need professional advice, then you are at the right place. We offer free market appraisals with an up-to-date market view of the property that you want to sell.
We also provide selling services for our clients and focus on properties including villas, apartments, penthouses, and lands in different areas of Dubai. Emirates Business Setup also works as a real estate broker and can help you in selling your property.
Buying property in the UAE
We offer buying services for people who want to buy property in the UAE, as we give our clients one point of contact covering the whole market. We also aid with snagging inspections; our team will ensure you get all the sheets in your hand regarding defects.
A very large proportion of buying and selling property in Dubai is transferred through cash, but now many financial centres in Dubai offer mortgages. We, EBS, also helps you to obtain mortgages, but the availability criteria vary from person to person either to UAE residents and UAE nationals or to person outside the UAE.
For UAE residents and UAE nationals,
- A 20% down payment is necessary; a percentage of the property’s value is paid upfront. The least or minimum down payment is 20% for all UAE residents and 15% for UAE nationals. The conditions are that the individual applying for the mortgage must work in the same company for six consecutive months with a minimum 10,000 AED monthly salary.
For business owners that are non-residents, the conditions are different as,
- The individual or owner of the company must have an income of almost 25K AED per month and have 25,000 AED or plus credits in a personal account. The down payment will be more than 40% for the company’s sole owner or self-employed individual. The sole owner must also register his company for at least 6 months. So, altogether 25K income per month and a 25K daily balance in the last six months. Also, documents are required, including proof of having a trade license, a Memorandum of Association (MoA), all the company certificates proving it has been registered for more than six months, a bank statement, and a copy of passport (the bank may ask for more documents, but these are the main ones).
- The most crucial requirement for a 50% mortgage is to have a balance of at least AED25,000 on a personal bank statement within the last 3 months.
- There is also an option of getting a 75% mortgage; however, the requirements are much stricter, and much documentation is required.
It always varies case by case for self-employed residents, and there are no standard rules for salaried individuals. For self-employed, it’s best if the company is open for at least 2 years. Having more documents gives a higher chance of a mortgage.
Even if you are not a UAE resident, you can still have mortgage services from us and can now become a property owner in Dubai.
Emirates Business Setup offers you a wide range of services, and mortgages are also one of them. We try to give you the best attractive finance terms as we have links with banks in the Middle East.