Is it possible to get mortgages for property in Dubai?
Yes Amlak, Tamweel, HSBC, Lloyds, MashreqBank, RAKBANK, National Bank of Dubai, United National Bank, Arab Bank, Abu Dhabi Commercial Bank, Standard Chartered Bank and United Bank Ltd (Pakistan) are just some of the banks that lend on Dubai property, both on and off-plan. Each one has different rates and terms, and some only lend to residents. You can also now get mortgages internationally for property in Dubai. HSBC I the UK, for example, will lend asset backed mortgages against a property you own there. Other banks are starting to do the same.

How do mortgages differ from those abroad?
Firstly, lenders do not lend on every project currently being built. Often buildings are sold that no one leads on at all, but given the favorable payment structure system in Dubai, that doesn't mean they aren't worth buying. On the other hand, it is possible to get a mortgage on many off-plan properties, unlike most places in the world.

What are mortgage rates in Dubai?
On the whole, and in comparison with international rates, rates are considered to be expensive at between 6-8% . But these are not asset backed as they would generally be were you to get a mortgage for a Dubai property somewhere else in the world. Mortgages in Dubai depend on your income as the main factor.

How quickly can I get a mortgage?
Some banks are claiming that they will give you an offer in under a week. Do not assume this is the case though. It is almost unheard of, and you should expect at least two weeks.

Can I get a pre-approved mortgage?
Yes, this is preferable and is the way to go. Most lenders will work out how much they are likely to lend you before you have a specific property in mind. This means you can then go shopping, and find something you know you can afford. It means fewer surprises, and less heartache.

Can I know which are the available properties?
Available properties of Goldcrest Properties are
Goldcrest Views
Goldcrest Views 2
Goldcrest Executive
Goldcrest Dreams
Goldcrest Dreams 2
Goldcrest Dreams 3
Goldcrest Dreams Business Vistas
Goldcrest DHA ISB Pakistan