QuestionSmartInvestor - 28.08.2017 - 17:29:18
Is anyone aware of banks in the UAE offering Home Finance for off-plan properties and which developments they are financing? During the UAE property boom pre-2008 this was very common but I am not sure if banks are financing off-plan anymore. Any advice?
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AnswerTinoGambino - 06.09.2017 - 15:27:26
Hi there, as real estate market matures, less and less retail off plan financing will be present. this setting will push project completion risk back onto developers where it belongs and off retail customers. . in 2013 UAE Central Bank has limited the off plan financing to a max of 50% of total property price with cusomters down payment to be utilized first. Having said that, a number of banks are still fianncing reptuable developers for off plan properties. ADIB has a number of tie ups with developers for that purpose.
BASHEEROKR - 26.09.2018 - 06:34:06
Kindly Contact your Bank Branch, all Banks are Offering the Home Finance to Off - plan properties
Tayobe - 05.05.2019 - 00:04:24
Hi Dear Expert,
I have some question,
could pls tell me details if it possible by you,
1. Can I ADIB smart account opened in one currency, the funds in another currency?
2. Can I open ADIB deposit for my foreign passport if I lost my national passport, but I want to open it urgently?