Purchasing A Luxury Villa in Dubai
Congratulations, you’ve found the Dubai Villa of your dreams. Now it’s time to source a finance strategy which will suite your real estate purchase.
Purchasing a villa in Dubai can make an attractive family residence, a holiday home or an investment property. Assessing location, quality of the construction, ongoing ownership costs, resale costs and your tax position are all key factors to engineer the right finance strategy for your circumstances.
A common mistake made, is spending an entire budget on the property without factoring in transaction and moving costs or future maintenance and repairs. We appreciate that high-net-worth clients will usually pay for properties outright – however retaining liquidity can be the reason why they may explore explore mortgage options.
To effectively prepare for a villa purchase in the UAE, Elevate Capital Finance recommends planning a saving of approximately 6-8% above the property purchase price. For this, buyers should take into account, Dubai Land Department (DLD) transfer fees, estate agent commissions, mortgage arrangements, legal and conveyancing charges and conversion costs for currency exchange rates.
What to consider when purchasing a Villa in Dubai
Step 1 – To begin, we encourage enquirers to use our online mortgage calculator to understand if a residential mortgage application for a villa home in Dubai is attainable. Our mortgage calculator provides a clear affordability overview in terms of monthly income and expenses, in respect of the value of the property and the planned mortgage loan duration.
Step 2 – Choosing the right financial adviser is fundamental. At Elevate Capital Finance, we provide a clear explanation of the financial commitments involved before purchase, offering tailored guidance throughout the process and answering your questions so that you can make confident and well-informed decisions.
Step 3 – It’s easy! Don’t waste time trawling through technical property finance information. Instead, contact our consultants at Elevate Capital Finance – Private Property & Capital Advisory to formulate a finance strategy to suit your new UAE villa home. Our highly experienced property finance consultants are here to assist clients to structure finances in principle before they commit to buying a new villa home.
Sourcing Finance through Elevate Capital
At Elevate Capital Finance we curate bespoke residential mortgage solutions to buy villa properties in Dubai. Our tailored finance strategies are carefully selected to suit our client’s requirements and ambitions. To find out more, please contact our real estate finance specialists to help you leverage your property assets and plan your next move.
Looking to find a desirable Villa in the UAE? Visit Property Finder | Buy and Rent Real Estate in UAE