February 1, 2023

Home Finance In Dubai For Indians

Home Finance In Dubai For Indians

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Everyone desires to have their own nest where they can live peacefully with their loved ones. Having a place to be called home in a luxury place like Dubai is a heavenly feeling which is way beyond a fruitful experience. To have your dream home you need to have apt finance.

Home finance is the easiest way to have funds to own a home. But to avail of home finance in Dubai can be a complex process if one is not rightly informed. Let us solve some of the leading questions for Indians that must be considered before availing of home finance in Dubai.

Why to avail home loan in Dubai? 

1. Be the owner of your nest. 

A home loan helps you to have a property of your own in Dubai and experience an unmatched feeling of certainty and security.  

2. Rate of Interest 

The rate of interest to avail of a home loan is 3 to 4% which is much lower than the Indian market.

3. Amount of home loan. 

One can avail of a home loan of up to 50% of the property value.

4. A Lifestyle like nowhere 

Dubai offers world-class amenities along with a rich standard of living that no other place offers, which makes it an important choice among the masses to own a home here.

What are the documents required to avail of home finance in Dubai for Indians?

Availing of home finance requires you to submit some documents to check creditworthiness and ensure the authenticity of other details. 

Documents required for self-employed people

  • Proof of ownership of the business 
  • Passport 
  • Address 
  • 6-month bank statement 

Documents required for salaried people 

  • Salary certificate
  • Passport 
  • Address proof 
  • 6-month bank statement 

What are the major banks offering home finance in Dubai for Indians?

Below are some of the leading banks of UAE that you can contact to avail of home finance. 

  • Emirates NBD 
  • Dubai Islamic Bank
  • Mashreq bank 
  • First Abu Dhabi Bank
  • Commercial bank of Dubai 

Note: Some banks may also require certain age restrictions for applicants seeking home finance. In general, the age limit varies between 21 to 65 years.

Conclusion

One can easily own a home in Dubai with lucrative home finance options available in Dubai. Taking a fully informed decision and knowing all prerequisites is very crucial.  We have covered the maximum essentials to know before availing of home finance. If you’re looking to invest in Dubai real estate and you wish to take a home loan for the same, do contact us for a hassle-free experience.

We assure you of minimum chaos and maximum safety with an easy and transparent home finance process. We are your ally to help you simplify the process of home financing and ensure to present you with authentic and reliable deals.

Dubai South Agreement With Bright Capital Investment

Dubai South Agreement With Bright Capital Investment For Premium British Education

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Dubai south is the largest single urban master development plan with a business-friendly zone and a diverse range of premium residential options. 

With more than 150 nationalities coexisting, quality education was a rising demand and to match the demand Dubai South announced the signing of an agreement with Bright capital investment, a school operator investment company seeking to create one of the largest educational platforms in the UAE.

Dubai South is the hub of all modern amenities and a dream destination for residents and corporates. With the British school opening here, it will generate more demand for properties in Dubai South. Let us take you to some key considerations you must know about the project.

Key insights into the Dubai South Agreement 

  • The agreement has been signed by Khalifa Al Zaffin, executive chairman of Dubai Aviation City Corporation and Dubai south, and Mr Esref Temel, managing director of bright capital investment as well as other top executives from both organisations.
  • The agreement is to lease and operate a premium quality affordable British School in the thriving Dubai South Residential district alongside Expo Road and in proximity to Expo City Dubai and different residential communities across Dubai South. 
  • The agreement is made to provide world-class amenities to the residents of Dubai South and the emirate.

Benefits of the Dubai South Agreement  to residents 

  • Opportunity to experience world-class service and amenities for the residents. 
  • Opportunity to nurture the students to become responsible citizens and shape the future of the country. 
  • Opportunity to raise the capabilities of human resources to experience the highest level of excellence.
  • Opportunity to develop education by focusing on advanced IT and tech.

Features of the school developed under the Dubai South Agreement 

Dubai South Agreement With Bright Capital Investment
  • It will be built across an impressive 2,50,000-square-foot campus.
  • The excellent facilities are designed for students aged 3 to 18. 
  • It will offer a large classroom with state-of-art labs for Science, Technology, Engineering, art mathematics (STEAM), and more. 
  • Registration will commence by the end of 2023 and is scheduled to open for the community for the academic year starting September 2024.
  • The school will also offer a 25-metre competition standard swimming pool, football pitch, multipurpose sports halls, outdoor activities, picnics, and other events for students, parents, and faculty members.
  • It will be built in phases starting with early and primary schools. 

Conclusion  

The bright doors of quality education are all set to open with this agreement and it will make Dubai south an ideal location for multiple communities looking for top-notch education for their children. This agreement will benefit the residents by providing premium education to their children and will enable them to contribute to “UAE Centennial 2071”.

It will be the first premium British education school in this residential district and everyone looks forward to it. With such a visionary approach this agreement will provide excellent opportunities for education and strengthen the roots of the future generation.