| KeithL |
| Anyone know of a finance company that will finance properties in International City ?? I plan to buy a property there to rent and have tried contacting Amlak and Tamweel but their service is atrocious and the staff have no clue as to what they offer. Thanks :) |
| MaaaD |
| other than the other two you mentioned (biggest two) there is HSBC, ADCB, RAKBank, and Barclays. But i think Tamweel is the one doing financing for international city if your buying from developer. If you are buying from the secondary market you can go with whoemever you want. I can recommend RAKBank. |
| KeithL |
| Thanks Maad ! Ive been looking around and the max that they are willing to finance is around 70% of the market value Interest rates have climbed to over 8% now :shock: |
| fayz |
| I think banks are a little overexposed hence the worry. Out of curiousity though what are they claiming market value at for International City? if you don't mind sharing. |
| KeithL |
Hey Fayz, its no problem at all - Studio's range from between 300,000 to 330,000 - 1BHK's go for around 430,000 to 475,000 And its a little higher in the buildings like the CBD area |