Realstate Financing..

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Realstate financing.. Nov 03, 2006
Hi all, I am planning to relocate to Dubai from US in December. My employer will provide a months accomodation but I will be on my own after then.

I have researched the real estate market and am interested in buying a property as opposed to renting.. Here are my questions:

1 - I have excellent credit in the US, but I understand that in UAE credit is established throug bank statements and employment history in UAE. Wondering if it is possible/realistic to get financing without much established credit history in UAE.

2 - Is it possible/easy to get a short term rental lease (e.g. 3 months) ?

thanks in advance for the guidance.

ikhalid
UAE, Dubai Forum starter
Posts: 1

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Nov 03, 2006
1- Bring with you proof of good credit in the US (pay slips, paid bills, etc..) that might help you here but usually they will want to see a few months of regular income and paid bills before you get a loan out here.

2- yes, classifieds are full of those.
MaaaD
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Posts: 3401

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