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Three reasons to get a mortgage in the UAE In the second quarter of 2024 alone, Dubai recorded 8,989 mortgage transactions, with the total value of mortgage transactions increasing by 34.8% compared to last year. Mortgage popularity in the UAE is growing, and here are three reasons to consider getting a mortgage: ✺ Enter a Project with Minimal Investment In the UAE, you only need to make a 20% down payment. Interest rates here are low—3-6% depending on the bank. The UAE offers some of the most attractive mortgage terms in the world. Check out how mortgage rates compare across different countries. ✺ Earn Rental Income If you purchase an apartment with a mortgage, you can not only cover your loan payments but also earn additional income. A good option is an apartment in Business Bay for $340,300. The monthly payment is $1,400, and you could earn $18,000 annually from rent. ✺ Obtain Residency When you buy property worth $205,000 or more, you can apply for a residence visa. This visa allows you to live in the UAE for two years. There’s also an option to obtain a 10-year Golden Visa, but the property must be valued at $550,000 or more. Want to learn more or calculate a mortgage for a specific property? Contact us — we’ll help you with the mortgage and select the right property for purchase: https://ins.is/whatsapp #dubaimortgage

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