- Client: UK National and UAE Resident
- Property: Large villa in a prime Dubai location
- Loan Amount: Circa AED 15 million
- Term: 1-year fixed rate
Enness was approached by a UK national residing in the UAE who was looking to invest in Dubai property. Although the client was based in the UAE, they did not have a UAE-based business or local income, making the financing more complex than a typical domestic property purchase.
The client’s circumstances required a lender that was willing to take a broader view of their financial position rather than assessing the application solely on locally generated income. Understanding the client’s wider financial profile and identifying a lender comfortable with international income were therefore key to structuring the transaction.
Enness reviewed the client’s global financial position and approached lenders with experience of working with international high-net-worth borrowers. Following discussions with a suitable lender, we were able to negotiate a one-year fixed-rate facility of approximately AED 15 million, based on an assessment of the client’s worldwide income.
The structure provided the client with the liquidity required to proceed with the acquisition of a large villa in one of Dubai’s prime residential communities. By considering the client’s international financial position rather than limiting the assessment to UAE income, Enness was able to identify a financing route that matched the client’s circumstances.
This case highlights the importance of working with a lender that understands international income and cross-border wealth when financing property in Dubai. For high-net-worth clients who live in the UAE but generate income or hold assets internationally, the right lending structure can make a significant difference to the options available.
Enness works with a broad network of international lenders and specialises in arranging finance for high-net-worth and ultra-high-net-worth clients with complex income and asset profiles. If you are looking to finance a property in Dubai using international income or assets, speak to a mortgage specialist to discuss your requirements.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal or tax advice. Finance is subject to status, underwriting, property assessment and lender criteria. Terms and availability will vary depending on individual circumstances and the proposed transaction.
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Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
