Real Estate

  Introduction Buying a Dubai property is a big step, whether it’s your first home or an investment. For many buyers, a mortgage is the most practical way to finance the purchase. But here’s the catch: the mortgage process in Dubai comes with its own set of rules, requirements, and timelines. If you don’t know the steps, you risk delays or worse, losing the property you want.  This guide with GLLIT breaks everything down in simple steps so you can move forward with confidence. From eligibility checks to final approval, here’s how to secure a Dubai mortgage and make the most out of it without the stress. 1. Understand who can apply for a mortgage in Dubai Not everyone can automatically get a Dubai mortgage, so it’s important to know if you qualify before starting. Who’s eligible? UAE residents, non-residents, and expatriates can all apply for a Dubai mortgage, but conditions vary. Age limit: Most lenders require you to be between 21 and 65 at the time of the last repayment. The...

  Introduction: Credit score – the deal maker or deal breaker? Buying a home in Dubai is an exciting milestone. Whether you’re upgrading to a larger space, investing for the long run, or making your first move into real estate, there’s one key number that follows you into every conversation with a bank: your credit score. For most buyers, especially those relying on financing, mortgage approval isn’t just about income or property value; it depends heavily on how trustworthy you look on paper. And in the UAE, that trust is increasingly measured through a credit score issued by Al Etihad Credit Bureau (AECB). So, if you’re eyeing a Dubai property purchase and planning to take the mortgage route, it’s worth asking: is your credit score ready? What is a credit score in the UAE? Let’s break this down. Your UAE credit score is a 300–900 point rating based on your financial history – how consistently you’ve paid off credit cards, loans, bills, and more. It’s issued by the AECB and reflect...