I come from the finance industry, to those who are not familiar with mortgages and their secrets; this channel and the expert guest provided a pure content worth a lot!

@tahirmajithia

Жыл бұрын

Thanks a lot 🙏🙏🙏

@aknaama

2 ай бұрын

Agreed. I am a banker and agree that Amit is very knowledgeable at what he is doing.

wow this guy is like the humanized chat gpt version of loans and mortages in dubai.. he is actually more accurate lol i work in banking too and i can see that the process is pretty much the same as europe. Well done sir u r a master

Tahir and Amit, thank you for your sharing, expertise and insights. Super informative and useful indeed 👍

Tahir's podcast is direct and fact based. No speculative blue ocean talks like most of the so called "agents and brokers" who are nothing more than desperate oil salesmen trying to hype up properties while preying on emotional purchase. Well done.

@tahirmajithia

Ай бұрын

Thanks a lot for your feedback 🙏🙏🙏 really appreciate it

Amazing Sir @Amit Nainani 🎉👍

Thanks for these talks

Great video ever Watched Thanks Man

This was absolutely amazing, thank you

@tahirmajithia

Жыл бұрын

🙏🙏🙏

Compared to well-structured markets like the US, UK, and Canada, getting a mortgage in Dubai comes with some added risks. Dubai's mortgage rules might not be as strict, which could make things a bit uncertain for borrowers. The real estate market in Dubai is known for its ups and downs, and economic factors like oil prices can influence it, making it a bit riskier. Also, it might be a little harder for lenders to judge if you're good at repaying your loans because Dubai doesn't have as much credit history data. So, Dubai's market is a tad more unpredictable, but it's not all bad!

Awesome questions, pretty clear and understandable answers. Thank you guys 👏🏻

@tahirmajithia

8 ай бұрын

🙏🙏🙏

Asslaamu Alaikum Tahir Sb, I met you in while you were coming out of Masjid in Zabeel area last Friday, I'm fan of your youtube videos

Thanks for the great video. I am from Qatar and looking to invest Dubai. This interview helped me a lot. Amit seems very knowledgeable and trustworthy. I will definitely work with him once I decide to buy property in Dubai.

This is well informed Thank You I have enjoyed watching this and I'm much more knowledge than I was 30 minutes ago bless

@tahirmajithia

Жыл бұрын

Glad you liked it 🙏🙏

Great content

Very interesting.thankyou both.

@tahirmajithia

5 ай бұрын

Glad you liked it 🙏

Thanks a lot, it's so informative ❤

@tahirmajithia

Жыл бұрын

Glad you found it helpful 🙏

Thank you so much for a very simple explanation for a very interesting subject. I like how you ask all the questions I would think about before buying property in Dubai 👍🏽

@tahirmajithia

Жыл бұрын

Thanks a lot 🙏🙏🙏 glad you liked it and found it useful the purpose of the content is to give value and answer most frequently asked questions

Brilliant! Thank you

@tahirmajithia

Жыл бұрын

🙏🙏🙏

Thank you so much… was very very informative.!

@tahirmajithia

5 ай бұрын

Glad you liked it

Thanks for the info! Great to know someone to work with in Dubai!!

@tahirmajithia

5 ай бұрын

🙏🙏🙏

Comprehensive questions from Mr. Majithia and excellent answers from Mr. Nainani. Thank you both.

@tahirmajithia

3 ай бұрын

Thanks 🙏

Two Champs together, Kudos Tahir and Amit, Very Informative 😊

@tahirmajithia

Жыл бұрын

Thanks a lot sir 🙏

@shefikshefik5181

Жыл бұрын

@@tahirmajithia Hi Tahir im a new subscriber to you channel how can I contact you regarding building a new home in Dubai ?

@tahirmajithia

Жыл бұрын

@@shefikshefik5181 my contact details are on my page or in the description of the video. You can also email me on tahir@trustedhomesdubai.com

This was very good! Can you make one about Halal mortgage and finance for those who don't want to deal with interest?

Excellent questions

@tahirmajithia

18 күн бұрын

Thanks

Great video. As an Australian it’s hard to find content like here so thank you for doing it

@tahirmajithia

Жыл бұрын

Thanks 🙏 glad you liked it

@AlexGorasov

4 ай бұрын

Feel free to watch my video on the full guide to get a mortgage in dubai, I explained the process I went through and hopefully it will be useful for you too! Cheers and have a lovely day

Really good information

@tahirmajithia

Жыл бұрын

Thanks 🙏

A complete guideline for mortgage property 🙏👏

@tahirmajithia

3 ай бұрын

🙏🙏

thanks for a wonderful podcast, one request - if you could please insert the sections in the video like we can scroll on the relevant subject that really helps.

@tahirmajithia

Жыл бұрын

Sure will try and do that soon. Appreciate the feedback 🙏🙏🙏

Thank you

What new Updates for UAE Banks regarding the policy for bounced checks in relation to self-employed mortgage applicants and credit card settlements will continue to impact lending decisions ?

I would like to know about Green visa also. Could you please ..?? How much is the investment amount?

What is the Business loan and car rate of interest (roi). How many diff loans are available What if I default and want 2 pay back after few years 2 come back to gulf countries.

I love your style and way brother. Allah bless you Mashallah!

@tahirmajithia

7 ай бұрын

Thanks a lot for your kind words

You forgot to ask about defaults - how the banks handle that part

excellent

@tahirmajithia

Жыл бұрын

🙏🙏🙏

Very informative podcast. It's good to know mortgage is an option Hope some day I could buy a investment property in Dubai 👍

@tahirmajithia

Жыл бұрын

Thanks. Glad you liked it. Hope you make your property investment in dubai soon 🙏🙏

@c3vs241

Жыл бұрын

@@tahirmajithia I hope too brother

Mashreq bank product is the best in the mkt If your bank statement is strong you can apply Mashreq and others are doing non resident financing

Loan also possible to buy business as well ?

Very good interview with lots of valuable information. Just one thing. Usually, after asking a question, the host (who is not the expert) should allow the guest (who IS the expert) to talk without constant interruptions rehashing what he is saying and not permitting him to finish and maybe even provide additional information. Hosts should be FRUGAL in their speech.

@tahirmajithia

10 ай бұрын

Thanks for the feedback

In uk property value double in price for 10years how about in dubai?

Really informative podcast! Thank you. For residential mortgages based on salary multiples, is this based on basic or total salary? (Given that many employers in Dubai offer a basic salary along with an allowance to make the total monthly salary)

@jeanvictorhajjar

11 ай бұрын

It's always based on the total

How much can be loaned with a total income of Dhs 32,000, but it's the total household income of husband and wife. Wife is employed, under husband's visa. In that case, can both husband and wife be co-owners?

Hello Tahir, You are doing an amazing job, Please confirm when we are talking in millions is it USD or AED.

@tahirmajithia

Ай бұрын

Hi thanks a lot 🙏 we are talking in AED

Hi I recently relocated to UAE like 40 days ago and now i have a job that pays me 10k per month. What will be the eligibility criteria for mortgage for me if i want a 1BHK apartment for myself.

@reiren6568

Жыл бұрын

what job is this, if i may ask? and can u recommend me

@mbekka1

9 ай бұрын

BS 😂. 10 my ass . Maybe diram

Very nice videos. Please make one video on Islamic banking mortgage

@tahirmajithia

Жыл бұрын

Thanks sure will do

@retinadoc

Жыл бұрын

I am also interested in this. I’m from USA. Many Muslims are interested in Islamic financing

How much would be an average 3BHK apartment worth?

What about interest/riba free loan or maybe installments for non residents ,whats will be the process and how much can non resident borrow in that case and which banks/companies gives those loans .

@tahirmajithia

2 ай бұрын

You have Islamic loans also available and non residents can get upto 60% mortgage in dubai

I have one Qs that i would like to clarify. For example, i invested in offplan property. It has 50/50 payment plan. I will pay 50% during construction. But at handover, i have to pay the remaining 50%. My property value at the time of launch was 700K. I will pay 350k till the handover. After 3 years when the property is handed over to me, it might have some appreciation and its value becomes 800K. So when i now apply to morgtage bank for 80% loan then will Mortage bank pay the remaining 350k to developer-only or (2) because the property value is not 100k more than the original price i.e. 800K so will bank will give 80% of appreciated value which is 640k and out of this 650k, will give 350k remaining value to developer and 290k will pay to me?

@tahirmajithia

5 ай бұрын

In case of off plan the bank will usually take the original purchase value of 700k and based on that will release the funds

@SW_Sherry

5 ай бұрын

@@tahirmajithia Thanks a lot. It means if the property price was 700k and the payment plan was 50/50. I will pay 50% i.e. 350k during construction and at the handover of the property when i will apply for a mortgage, the bank will pay 80% of 700k or will pay 50% (350k)?

@tahirmajithia

5 ай бұрын

@@SW_Sherry that depends on the bank as well some banks will only pay the 350k some will give 80% of 700k

Does anyone know if there’s any developers still offering rent to own, lease to own or payment plans on a ready property?

@tahirmajithia

Жыл бұрын

Not in todays market

And how much is the knwoledge fee? On that he you didn’t give a figure… thanks

Nice video! I’ve heard that for non-resident buying off-plan it’s only possible to get a mortgage for 50% of the final handover payment. So let’s say I buy a 1 mln dirham off plan property with a 70/30 payment plan, I can only finance 150,000. Or can I get a mortgage for the whole handover payment of 300,000?

@tahirmajithia

Жыл бұрын

Whole handover payment.

@_TheVAX_

Жыл бұрын

@@tahirmajithia thanks!

Amit looks like Gabbar Singh (Amjad Khan) of Sholay, in his early years 😂

What is the max Loan Tenure offered to non residents looking to purchase ready freehold properties under 1M AED?

@tahirmajithia

7 ай бұрын

The tenure can be 20-25 years depending on your age.

Hi Tahir, greetings from Canada Thanks for the video, it is very informative. I have a question, my brother is planning to buy a house in Dubai for Dhs 1 million. With the golden visa he is getting can he sponsor us his 2 sisters and give us residence visas? Thanks 😊

@tahirmajithia

Жыл бұрын

Thanks I am glad you liked it. If your brother buys a property he can’t sponsor you or your sisters, he can only sponsor his wife and kids and parents

@mimiio5095

Жыл бұрын

@@tahirmajithia thank you. How about if the value of property is Dhs 2 million can he sponsor us his sisters? BTW, I have subscribed to your channel. It is very informative and provides good value.

@tahirmajithia

Жыл бұрын

@@mimiio5095 no even if it’s 2 million investment for a golden visa still only kids, spouse and parents can be sponsored.

Very informative podcast. for NRIs who are buying 2 million worth of property, At what stage they would get the title deed, and also at what stage are they eligible to apply for a Golden visa? Please advise

@tahirmajithia

Жыл бұрын

You get the title deed when you purchase the property. For golden visa you can apply if your equity/ contribution in the property is 2 million Aed. If the total value is 2 million Aed and there is a mortgage then it’s not possible to get golden visa but say the property value is 5 million and your down payment is 2 million & rest is mortgage then you can get golden visa

@bulljam8888

11 ай бұрын

@@tahirmajithia I doubt this is correct! As per my understanding one is not eligible to get a Golden Visa unless they have title deed on their name

@tahirmajithia

11 ай бұрын

@@bulljam8888 no it is. Even if you take a mortgage you still get a title deed the only thing is it’s mentioned that the property is mortgaged. If you have paid 2 million Aed and rest is mortgaged you still can get golden visa. I have already done it for my clients

How much down payment is required for 25 years or 23 years tenure ?

@tahirmajithia

Жыл бұрын

The tenure doesn’t change the down payment requirement. If you’re a resident of Uae then you need 20% down payment and if you’re a non resident then 40-50% down payment

My home mortgage loan denied by one bank inspite of high salary excellent credit score what should i do now ?

@tahirmajithia

27 күн бұрын

You can reach Amit on +971 55 102 8311 he is the best to answer this

Hi Tahir, Thank you for the info I had a question in regards to early settlement If i take a mortgage for 500000 at 5% for 25 years The total il be paying for 25 years is 876900 including interest But if i want to do an early settlement in the 37th month Total loan already paid in 36 months in 105228 including interest Now i decide to do early settlement Do i have to pay 1% of the remaining principal amount or the total remaining loan amount (including interest)

@tahirmajithia

10 ай бұрын

For early settlement you have to pay 1% of the outstanding principal only

@vishalmange2656

9 ай бұрын

This is subject to the terms & conditions finalised at the time of sanction and before disbursement

What if you work for a family owned company. Will they treat you as self employed even though you are on a fixed salary?

@tahirmajithia

Жыл бұрын

Depends on the bank

@srao2

8 ай бұрын

@@tahirmajithia Can you please guide which banks offers mortgage of the above criteria of employed with fixed salary in family owned company,much appreciated

@tahirmajithia

8 ай бұрын

@@srao2 you can connect with Amit for detailed information his contact details are in the description

@srao2

8 ай бұрын

@@tahirmajithia sure Thank you that helps alot 😃

Good info, but hope all those who invest get a secure return. I haven't got a good experience in the past not once but lost twice by investing in property.

@alexsorov1958

10 ай бұрын

In dubai? What went wrong?

Non resident should keep in mind that they have to visit 2-4 times to complete the process

@tahirmajithia

6 ай бұрын

2-4 times are not required we have done it in one visit also

Hey Tahir, Quick question if I continuously invest into UAE real estate market will that guarantee me citizenship with the UAE ?

@tahirmajithia

Жыл бұрын

You get residency in UAE not citizenship

@kevincharles5904

Жыл бұрын

I’ve always seen others say that as well, hence after you finish your golden visa can you apply for permanent residency with the UAE government? I have another question, can the UAE government nominate you for citizenship? If you continuously invested into the country?

Hello Tahir. I appreciate your content. So, at the end of the day, If you purchase a home in Dubai, is it yours for generations?

@tahirmajithia

Жыл бұрын

Yes it’s yours for generations as it’s absolutely free hold

@stevedorsey4234

Жыл бұрын

@@tahirmajithia even thought I’m a US citizen?

@tahirmajithia

Жыл бұрын

@@stevedorsey4234 yes doesn’t matter what nationality the property is yours forever

@kamransiddiqui9384

3 ай бұрын

If you need mortgage then do contact me

Minimum Salary required to Apply for a Mortgage Loan??

@tahirmajithia

6 ай бұрын

Aed 10,000/- monthly is the minimum requirement

Sab kuch toh bak diya yeh bhi bol dete .. min salary requirement for mortgage is AED15K per month 😅

If you are self employed if you set up a business I thought you need 2 years before getting a mortgage

Wish they could have discussed Islamic mortgages

@tahirmajithia

6 ай бұрын

Noted will do one episode on that as well in sometime

Email address for the guest please

@tahirmajithia

8 ай бұрын

Amit.nainani@lionmortgage.ae

How about new cryptocurrency millionaires with poor paperwork and now wealth all of a sudden ?

@tahirmajithia

Жыл бұрын

Getting loans based on crypto income is not possible

ibore? Does he really not know? He kept saying ibore

Good video, feel free to check my mortgage videos where i explain in my own way the step by step the requirements for getting your first mortgage. Have a great day all!

halal finance?

@tahirmajithia

Жыл бұрын

Islamic finance is also available

@inflatedmedia

Жыл бұрын

@TAHIR MAJITHIA make a video on it , please

which is the best real estate company for new joiners to begin with, especially as an off plan realtor ?? and how many months backup one should keep? ??????????

@tahirmajithia

Жыл бұрын

You should keep 6 months backup before you join. It’s difficult to name one company because there are a lot of good companies but it also depends on where you feel comfortable working