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DUBAI MORTGAGE FOR NON-RESIDENT | PROPERTY INVESTMENT IN DUBAI 2022 | AX CAPITAL - YouTube
Channel: AX CAPITAL Real Estate
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hi guys welcome my name is David James thank you聽
for joining me I'm one of the Consultants here聽聽
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at ax capital and today I wanted to take some time聽
to share some information with you today I'm going聽聽
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to be talking to all those investors out there聽
those investors looking to enter the Dubai Market聽聽
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um that may not have the full budget that would聽
like to look at it buying an investment property聽聽
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and potentially utilizing a mortgage and is聽
that still profitable is it still worthwhile聽聽
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investing in the Dubai Market if you need to聽
take a mortgage so in my opinion it is very聽聽
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profitable to invest in Dubai in combination with聽
a mortgage and I'll tell you why so let's start聽聽
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with mortgages mortgages have been around here聽
since 2003 so still really young still evolving聽聽
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still maturing with time and investors look聽
at mortgage packages here and see the average聽聽
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mortgage rate for a non-resident around the four聽
percent Mark at the moment and get a little bit聽聽
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frightened by that other parts of the world other聽
countries like the UK where you see the 1.7 to 2聽聽
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percent mortgages obviously don't exist here yet聽
I have every faith that they will in the future聽聽
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but it's still profitable to invest in Dubai with聽
a mortgage and buy that dream project that's going聽聽
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to generate you very high returns so Dubai very聽
very very unique City very different to other聽聽
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locations around the world 365 day sun that聽
attracts a lot of people throughout the year聽聽
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so the opportunity for an investment project聽
is undoubtedly short-term letting short-term聽聽
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letting can generate anywhere from 10 to 13 net聽
net yields if you choose the right project in聽聽
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the right location I'm working on projects right聽
now that generate these net returns and that's聽聽
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something that I'm introducing to my clients at聽
the moment regularly so let's take the mortgage聽聽
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facility for non-residents it's 50 loan to value聽
that's the standard so 50 of the property's value聽聽
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offered to you by the bank for the mortgage so you聽
have the other 50 as liquidity now when you put聽聽
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those together for the purchase of the property聽
you're looking to buy a property investment and聽聽
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let that out short term which is going to generate聽
you these 10 to 13 net yields which are very high聽聽
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net yields but that might be on a 2 million Dirham聽
property that you've only put in a million dirhams聽聽
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to purchase and the bank has put in another聽
million Dirhams for the 50 mortgage now on聽聽
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that bank's million Dirhams you are being charged聽
on average different for every individual but on聽聽
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average as a non-resident four percent so four聽
percent on a million dirhams to buy a property聽聽
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that's worth two million Dirhams that's going to聽
generate you between 10 and 13 it's obvious to聽聽
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see the profitability in that just from that loose聽
description and also mortgages are a depreciating聽聽
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liability so what I mean by that is over time聽
you're paying that mortgage off the four percent聽聽
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is still there but on a lesser sum because you've聽
paid it off so that is a depreciating liability so聽聽
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the interest rate cash value decreases depreciates聽
each time now with your asset purchase of 2聽聽
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million Dirhams that you are making 10 to 13 net聽
yields on you are making those yields regardless聽聽
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and the asset value should climb over time if you聽
choose the right project in the right location so聽聽
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a quick summary are mortgages easy to聽
achieve for non-residents yes they are聽聽
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um can we help you with that as a consultancy聽
undoubted undoubtedly and also will you make聽聽
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high returns when combining a mortgage to a聽
property purchase the answer to that is choosing聽聽
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the right project in the right location managing聽
the letting operation on a short-term let basis聽聽
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will generate you the high net returns so use聽
a mortgage if you need to we can introduce you聽聽
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to the right projects in the right locations and聽
that is what we do here I'm sure you're probably聽聽
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watching this thinking David which projects are聽
going to generate me 10 to 13 net yields get in聽聽
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touch with us and we can guide you through the聽
full process introduce you to the project and聽聽
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talk to you about buying with a mortgage but if聽
you're a non-resident and you don't have all the聽聽
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money for a property value here in Dubai don't be聽
put off from it if you're looking to invest and聽聽
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let that property out you will still make very聽
high returns I hope that's been beneficial any聽聽
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questions feel free to write them in the comments聽
below and we will see you soon thank you very much
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