Mortgage for Buying Commercial Property
Mortgage for Buying Commercial Property
- Mortgage for Buying Residential Property Test
- Mortgages for First Time property buyers
- Mortgage for Buying Commercial Property
- Transfer Existing Mortgage/Equity Release to another bank/ financial institution
- Cash Finance at Low Rates against Existing Property
- Mortgages for Non UAE Residents
- Mortgage against Under Construction project
- Project Finance
Mortgage for Buying Commercial Property
Banks are understandably very selective when financing commercial properties. But we at 4C help you to acquire commercial finance for land, offices, warehouse, retail shops, labor camp, building, multiple units or any other commercial premises in the UAE with very competitive rates on loan to value. While assuring you peace of mind, we facilitate access to the ideal mortgage finance option which maximize your return on investment and saves your precious time.
- Instant Business Growth
- Increased Revenue
- Enhanced Customer Engagement
- Streamlined Operations
- Improved Productivity
Where Can I Get Some?
-
What are the costs associated with property purchase in Dubai ?
- The following are indicative costs associated with property purchase.
- Real Estate Broker Commission - 2% of property purchase price (indicative).
- Land Department Transfer Charge - 4% of property purchase price
- Land Department Mortgage Registration - 0.25% of the Finance Value
- Developer NOC Cost - varies from Developer to Developer
- Banks Processing Fee - 1% of Finance Value (varies from bank to bank)
- Property Valuation Fee - AED 3,000 (varies from bank to bank)
- Life Insurance Cost - To be indicated by the insurance provider
- Property Insurance - To be indicated by the insurance provider
- The following are indicative costs associated with property purchase.
-
How much fee do you charge for your service?
- Mortgage Finance is a high value, long term financial decision and we understand that you will be incurring more than 7% of the property purchase price as transaction costs. Hence, we have priced our services nominally so we create a win - win situation. This keeps our team members motivated to provide the right service quality. We also run promotions from time to time, so we request you to please call and check for the latest offers. Given our hands on experience from within Mortgage Banking Industry, we do bring in a lot of value by helping you take an informed long-term financial decision.
-
What happens when the property evaluation is lower than our property purchase price?
- We recommend you negotiate better when finalising the property and ask your broker to advise you on the recently traded prices of similar properties in your neighbourhood. In certain cases, you may even need to arrange extra cash to compensate for the shortfall in the property evaluation.