Selling property with us.
Sell your Property with Provident: Experience a Seamless and Rewarding Selling Journey in Dubai
At Provident Estate, we understand that selling a property can be a significant decision, and we are here to support you every step of the way. Our highly skilled professionals have in-depth knowledge of the Dubai real estate market, allowing us to provide accurate and up-to-date market insights. We stay abreast of market trends, property values, and buyer preferences, enabling us to position your property strategically and attract qualified buyers.
When you choose Provident Estate to sell your property, you can access our extensive network of potential buyers and our vast resources in the Dubai real estate market. We understand that every property is unique and tailor our services to meet your needs. Our personalized approach ensures you receive the highest service and support throughout the selling journey.
Trust Provident Estate to confidently sell your property and deliver exceptional results. Contact us today to discuss your property, and let us guide you through a seamless and rewarding selling experience in Dubai.
What we provide
Provident Estate is your trusted partner, providing a seamless selling experience tailored to your needs. Here's why you should choose us:
“I had an excellent experience working with Nora for my first real estate investment in Dubai. She was knowledgeable, professional.”
Helena Abrimovich
May 18, 2023
4.8
4.9/5
Property Mortgages in Dubai FAQs
Under a flat lending rate, interest is calculated on the total principal amount sanctioned, whereas interest accrual under a diminishing rate is based on the outstanding loan amount.
UAE lenders use Debt-Burden-Ratio (DBR) to calculate how much you can afford to borrow. Your DBR is your monthly debts (including any future mortgage payments) as a ratio to your monthly income.
Security cheques will favour the banks if the loan holder defaults on the instalment payments. They have the option of depositing the security cheque.
A security deposit 5%/10% of the Annual Rent is paid to the landlord by the tenant in advance. This fee is held in reserve to protect the landlord if in case the depositor fails on any contractual obligation. It covers Loss of Rent, Damage to the Property, Lost of Security Keys and Repairs that are not wear and tear.
Where your employer pays you a housing allowance, this can be considered when applying for a mortgage.
For example, if you currently live in company-provided accommodation and it is stipulated in your contract or salary certificate that you will be paid a housing allowance should you leave the provided accommodation, then the allowance you will be paid can be considered for your mortgage.
You will still be required to have the necessary down payment. Still, the allowance can contribute to your affordability and, therefore, can increase the amount you can borrow.
Bonus income can be taken into account when applying for a mortgage. If it is a guaranteed bonus written into your contract or salary certificate, it is more likely to be accepted. Still, discretionary bonuses can also be considered.
A No Objection Certificate – or NOC – is a legal document issued in the UAE. An agency, organisation, or other institution can issue it. As the name suggests, a NOC informs parties that the issuer has no objection to the holder conducting a specific action.
It is possible to get an insurance policy to cover you if you cannot repay your mortgage due to accident, sickness or unemployment (this can include redundancy).
This type of policy is something other than what you will get through your bank when taking your mortgage. Instead, you must speak to an insurance advisor to arrange this policy. We can put you in contact with insurance advisors if this is something you are interested in.
Please note that this type of insurance is separate from the life insurance. You must get a mortgage in the
Get in touch with our team and we’ll be happy to help