Is it easy to get a mortgage in the UAE to pay for property that I also want to use to get a golden visa? What guarantees would they request from me?
Answers
For UAE golden visa for the investor you must consider: (1) The value of the property is 2 million AED, wholly owned by the
investor (one or more properties) under the name of the applicant; (2) The property may be mortgaged, and a no-objection bank letter to be submitted indicating that the bank does not object to issuing a residence permit on
the property, indicating the paid amount and the balance; (3) The applicant must be inside the UAE. For your specific question about the mortgage, it depends on your original
home financial conditions and employment status plus the UAE bank required documents checklist. If you meet the requirements, you are eligible to get up to 50% mortgage with the no-objection bank letter or apply when the 2M AED balance purchase is completed and you own the property and then apply for your golden visa. Your other option is to proceed with the payment plan projects according to your current financial capacity.