The Dubai Property Market
Dubai is one of the pinnacles of luxury and extravagance, and naturally, there is property to match. Real estate can easily cost several millions of pounds. At the top end of the scale, property can set you back as much as £20 million.
Villas and contemporary homes are prominent, especially on the Palm Jumeirah, in the Emirates Hills and other popular expat areas. There is lots to choose from wherever you want to buy: waterfront property is abundant, as are luxury penthouses in some of Dubai’s most iconic neighbourhoods. Branded developments are increasingly coming onto the market, too. Depending on the size of your property, you will find pools and outside space is the norm. High-end appliances, bespoke finishes, access to on-property gyms and spas and private beaches will also come as standard in many properties. Dubai also offers lots of options to buy homes fully furnished, should you wish.
Unregulated mortgages are for properties that will not be used as your home but that you let on the open market to fee-paying tenants.
You may wish to buy a property in London as a holiday home, investment, for friends and family or for other reasons. Some lenders will still view this as a regulated mortgage. However, other lenders offer an unregulated mortgage if you are a non-UK resident, a high-net-worth individual and you will only use the property occasionally. If so, you will likely be able to bypass the usual income, expenditure and affordability process and have a mortgage based on loan-to-value, your net worth or your profile.
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