An Expat Mortgage Broker: One’s Ultimate Key to Housing Affordability in Dubai

Expat Mortgage Broker

An Expat Mortgage Broker: One’s Ultimate Key to Housing Affordability in Dubai

Expat ​Mortgage ​Broker

Just by hearing the word Dubai, an individual’s intuition naturally delves into luxury, intriguing deserts, beautiful beaches and of course, business. As a result, Dubai is a paradise for expatriates looking for a luxurious lifestyle in a modern, well-developed city. Not only do professionals move here for a big career boost, it can be an extravagant destination for families as well.

While many expatriates find themselves planning for long-term residence in Dubai, some people simply have an affinity to invest in real estate, which is where euphoria to buy property starts to come through. On a normal scale, one would have probably had some shallow insight about an ​expat mortgage broker​, or mortgages in general. The real question people

often​ ​have​ ​is,​ ​who​ ​to​ ​seek​ ​for​ ​in​ ​order​ ​to​ ​get​ ​legitimate​ ​paperwork​ ​and​ ​mortgages?

Are you in one or more of the following situations?

  • Preparing​ ​to​ ​purchase​ ​your​ ​first​ ​property​ through​ ​​an​ expat​ ​mortgage ​​broker​ in​ ​
  • Looking​ ​to​ ​refinance​ ​your​ ​current​ ​mortgage​ ​in​ ​
  • About to delve into real estate as an investment through an ​expat mortgage broker ​in


  • Seeking​ ​a​ ​realistic​ ​way​ ​to​ ​legitimately​ ​reduce​ or​ ​​to​ ​pay​ ​off​ ​your​ mortgage​​ ​

If you identified yourself in the above list, whatever reasons for seeking a property in Dubai, this article is for you to get a better brief understanding on the concept of ​expat mortgage broker​, expert​ ​mortgage​ ​broker​ ​Dubai​ ​and​ expat​ ​mortgage​ ​lenders.



Understanding the Expat Mortgage Brokerand Mortgages

As an expatriate, one probably wouldn’t know much of the property purchase regulations of Dubai and house purchase in general. It can be overwhelming to organize everything alone, which is where an ​Expat Mortgage Broker ​comes in. To have a good comprehension of the concept,​ ​starting​ ​from​ ​the​ ​basics​ ​is​ ​essential.

A home mortgage is a loan secured for a house by a borrower, who is usually obligated to make a predetermined series of payments on the loan. An ​Expat Mortgage Broker ​is an intermediary working with expatriate borrowers and ​expat mortgage lenders (usually banks) to negotiate a loan on behalf of the expatriate borrower/s.

The process through which the ​Expat Mortgage Broker ​undergoes as a go-between is to allow the borrower to receive a mortgage loan from

their​ ​desired​ expat​ ​mortgage​ ​lenders​.

This is why an ​Expat Mortgage broker ​gathers the borrower’s income statements, asset holdings and employment documentation, any credit reports and other information required for assessing the borrower’s ability to secure financing. Through this, an ​expat mortgage broker determines an appropriate loan amount, loan-to-value ratio and the borrower’s ideal loan type, and then submits the loan to the ​expat mortgage lenders for approval. The broker

communicates​ ​with​ ​the​ ​borrower​ ​and​ ​the​ ​lender​ ​during​ ​the​ ​entire​ ​transaction.


What is an Expert Mortgage Broker?

With so many prime real estate locations in Dubai, it is easy to get ahead of oneself in selecting the perfect property. Many expats have established themselves in Dubai by buying a family home or investment property. As a result, the local financial services sector is experienced in dealing with foreigners.

This means it is ideally possible for a foreign resident to delve into property purchase in Dubai. People who stand in decent financial positions can expect to easily get a mortgage that suits them as expat property buyers. The need for the best service and legitimacy is reserved for the experts in this field, the ​expert mortgage broker Dubai​.

For people who are unsure about their eligibility for a mortgage, it is a good idea to take expert advice from a qualified mortgage broker. This is particularly significant for people who are new in Dubai and hardly got any idea about the regulations and options of mortgage market over here.


Expert Mortgage Broker Dubai is qualified Mortgage consultants based in Dubai who are well equipped to deal with expatriate and non-resident mortgage applications, investment or family homes and have provided their service to a large number of satisfied mortgage loan seekers. ​Expert mortgage broker Dubai often uses an underwriting software to determine how much a borrower can afford and be able to pay back to the lender.


It is important to note that an expert mortgage broker does not work for a bank and cannot approve one’s loan. Their job is to get the heavy paperwork together, advise their clients (borrowers), deal with multiple banks (lenders) in order to negotiate the best loan amount as well as to ensure that they meet the loan

programmes​ ​guidelines​ ​and​ ​conditions​ ​that​ ​are​ ​offered​ ​by​ ​the​ ​banks.


The​ Expat​ ​Mortgage​ ​Lenders​ ​in​ ​Dubai

An expat mortgage lender is an individual, public group, private group or financial institution that provides an expatriate borrower with money, with the expectation that the funds will be repaid in addition to any interest and/or fees. Expat mortgage lenders often have a wide range of mortgage products for Dubai, which is specifically suited for expats looking to buy property or invest in Dubai.

Dubai got one of the highest rated mortgage markets across the world. A large number and variety of different mortgage providers are always ready for attractive deals, from globally renowned brands to local big companies. Some of the​ ​well​ ​ranked​ Expat​ ​mortgage​ ​lenders​ ​are:

  • HSBC​ ​Bank
  • Mashreq​ ​Bank​ ​(UAE​ ​based)
  • Emirates​ ​NBD

Mortgage choices are not limited to these three lenders stated above. It is important to note that, there​ ​are​ ​many​ ​other​ ​lenders​ ​to​ ​choose​ ​from​ ​based​ ​on​ ​one’s​ ​personal​ ​preference.



On that conclusive tip, arranging a mortgage in Dubai will mean one will have fees to pay such as administrative fees and legal costs. The exact prices of fees applied will vary depending on one’s circumstances. If you are considering a perfect new place in Dubai, it is advisable to know that all costs to be incurred can be considered costly.

On the brighter side, however, there will be limited language barriers as English is the most spoken language in the area although Arabic is the official language. As a result, banks and real estate agents have English websites

and​ ​are​ ​likely​ ​to​ ​speak​ ​English​ ​with​ ​no​ ​difficulty.

You may need an advisor or an agent to help you with buying or selling a house. All you will have to do is visit this highly recommended agency through us at  Déjà Vu Properties and you will get the best experienced agents.


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