Data Hub
Real Estate Transactions
If you would like to take away the stresses of renting out your property in Dubai, then we have you covered.
Levante Real Estate Broker LLC, we value inclusion, diversity, innovation, and a personalized consumer experience above all. Our Team strives to perfect the systems and strategies that get more properties sold or rented for the right amount of money in the least amount of time.
We want to win at what we do, and we do all we can to help our clients, agents and employees build wealth. We love to work with people who are passionate about working hard and giving back to their communities in a big way.
Levante Real Estate Broker LLC stands out as the go-to choice for clients eager to view properties, backed by an extensive database of comparable community data and a sterling reputation built on trust – just three of the compelling reasons why people opt for our services
Mortgage Calculator
Use our mortgage calculator to estimate your monthly mortgage payments.
How much is my borrowing limit?
As a general rule of thumb, the limit is calculated at 7x the annual salary of the applicant but it also depends on the bank. If the customer already has loans, credit cards and existing liabilities, then this ultimately affects the maximum amount they can borrow.
What are the rates I should expect in the UAE?
Rates differ greatly between bank to bank and will all depend on the customer’s individual profiling and whether they’re salaried or self-employed.
Can non-residents avail financing in the UAE?
Yes subject to individual client profiling as always. Maximum loan-to-value available for non-residents would be 60% funding with rates at this level starting from 4.99% for a 3-year fixed rate.
What is the minimum deposit?
For expat residents (first-time buyer): 20%
For UAE nationals (first-time buyer): 15%
For expat residents (second-time buyer): 40%
For UAE nationals (second-time buyer): 35%
There are exceptions to the rules though, some of the banks allow 2nd-time buyers, 20% and 15% deposits for expats and locals, respectively, if their existing mortgage is under 60% LTV.
What kind of documentation is required?
For salaried applicants: ID documents, salary certificate, 6 months’ payslips, 6 months’ bank statements and details of existing liabilities.
For self-employed: ID documents, company documents (trade licence, incorporation documents, memorandum of association, shareholders certificate, company profile, etc), audited accounts and/or 12 months business bank statements, 6 months’ personal bank statements and details of existing liabilities.
How long will it take to get a pre-approval?
This varies from bank to bank but normally banks will reply with initial observations and requests within 2 working days. Once additional documents have been provided, or additional questions have been addressed, the turnaround time to receive a pre-approval is usually between 5-7 working days.
Residential Sales Price
If you would like to take away the stresses of renting out your property in Dubai, then we have you covered.
Levante Real Estate Broker LLC, we value inclusion, diversity, innovation, and a personalized consumer experience above all. Our Team strives to perfect the systems and strategies that get more properties sold or rented for the right amount of money in the least amount of time.
We want to win at what we do, and we do all we can to help our clients, agents and employees build wealth. We love to work with people who are passionate about working hard and giving back to their communities in a big way.
Levante Real Estate Broker LLC stands out as the go-to choice for clients eager to view properties, backed by an extensive database of comparable community data and a sterling reputation built on trust – just three of the compelling reasons why people opt for our services