| Dubai real estate has been a consistently hot real | | | | property in Dubai has not bought with mortgage |
| estate market for investment property in the past | | | | finance. This gives the market a huge amount of |
| few years. Dubai is the most populated and second | | | | resilience. Many of the mortgage providers in Dubai |
| largest Emirate in the United Arab Emirates. It has | | | | will only lend to non residents in the Dubai freehold |
| seen enormous construction and has attracted | | | | zones. |
| investors worldwide to its real estates projects. | | | | Properties for sale that are suitable for foreign |
| I remember the time when an overseas investor | | | | buyers are in the following freehold zones: Dubai |
| searching for a mortgage would be confronted by | | | | Sports City , Dubai Marina , I.M.P.Z. International Media |
| puzzled Dubai developers and even more confused | | | | Production Zone , Jumeirah Village , The Palm |
| estate agents. When an international investor did find | | | | Jumeirah, Shaikh Zayed Road, International City, The |
| a local bank it would be so expensive and time | | | | Lagoons, Palm Deira, Jebel Ali Airport, Emirates Road, |
| consuming the buyer often gave up. The good news | | | | Dubai Land ,Business Bay ,Downtown Dubai and much |
| is that the Dubai real estate market is maturing and | | | | more |
| the big banks have woken up to the fact that Dubai | | | | So what is attracted international Banks to Dubai |
| mortgages are potentially very big business. | | | | that's simple money and plenty of it. Dubai's |
| The early troubles with a Dubai mortgage all | | | | population is currently in the region of 1.4 million |
| stemmed around the difficulties foreign buyers had | | | | citizens, by 2010 it is expected that Dubai will be |
| securing the freehold on a property. Since the | | | | home to 3.5 million residents. The Banks anticipate a |
| announcement on March 12 2006 that non United | | | | huge demand for property and in turn a big demand |
| Arab Emirates nationals may be given the right to | | | | for mortgages. The large multi nationals will be |
| own freehold properties in some parts of Dubai, | | | | moving in and with them their employees all needing |
| massive interest has been stirred in overseas | | | | a place to live. |
| property investors. Demand is surging and real estate | | | | Most of Dubai population is set to be made up from |
| is in short supply many off plan developments sell out | | | | people from overseas. Dubai will be truly multi cultural |
| in days of release. | | | | multi national and that feeling is already in Dubai. |
| Now with laws passed and established zones in Dubai | | | | Experience Dubai nightlife and you will see it is a truly |
| where freehold ownership is not in question the | | | | multi national experience. |
| banks are finally acting. The Dubai mortgage market | | | | The future for the big banks is bright as overseas |
| is set to be one of the most competitive markets in | | | | investors will feel more secure going with mortgage |
| the world. The worlds investors are looking at Dubai | | | | providers that they are familiar with. |
| long and hard. Investors will not tolerate being ripped | | | | In all mortgages in Dubai are good for the banks and |
| off with high price mortgages. | | | | are set to be good for overseas buyers investing in |
| Unlike many overseas markets most freehold | | | | the new world attraction which is Dubai. |