100 offset mortgage

100 offset mortgage
With ever increasing prices of real estate in Dubai, it is becoming increasingly difficult for a normal buyer to pay the entire amount in one go. Mortgage system is practical for the buyer. In mortgage loan, creditors have the title of the property acquired through debt the amount together with interest paid. In the event the debtor fails to repay, creditor can retain the property. In Dubai, everything mortgage is for a recovery. Some important features of Dubai mortgage market are discussed below.

Growth Potential:

Dubai mortgage market is on the rise since 2002, but according to the experts, and research reports, we have to expand the real boom. EFG-Hermes has predicted a growth of up to 10-times by the year 2012 in recent research report. Dr. Sabahuddin Azmi, an Islamic finance expert confirmed, while in conversation with a summit by the support of Shaikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah. The growth trend has been far from parallel to the real estate market.

Shariah-compliant:

Amlak Finance and Tamweel, the leader of the Dubai mortgage market, with 60% market share in common is both are Shariah compliant. Given that the majority of Dubai's inhabitants are Muslims, and Islam prohibits any kind of interest on loans, Shariah-compliant lender is likely to the larger market share in the future. Some people argue that Islamic mortgage is high prices. The fact is that you pay a larger amount as "payment" in comparison to conventional mortgages, but you are always a better pay plan. This is the reason that non-Muslims are always for this type of financing at home.

Interest:

Interest rate (or profit in the event of Shariah-compliant mortgage) is slightly higher compared to the rest of the world, but with ever larger and more intense competition, and soon a company or other, it is its interest rate to gain competitive advantage over competitors, it is. Commercial Bank of Dubai has already reduced its interest rates, other banks will soon have to catch up with similar cuts or lose their business to the CBD in the shortest time.

Dubai property market along with their mortgage market is growing by the day. With abroad and foreigners who are more interested in buying property, competition in Dubai mortgage market is heating up. This competition will certainly help to resolve questions such as can be and there is more to consumers.

William King is the director of Wholesale Dropshippers & Dropshipping Directory and Pakistan Property & Pakistan Real Estate Portal He has 18 years experience in marketing and trade and industry was at retailers and start-ups with their product sourcing, promotion, marketing and supply chain requirements.