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I like this way….

HOW DO YOU RUN YOUR BUSINESS?

Emir Home’s are below…

MISSION STATEMENT

The mission of Emir Home. is to develop life-long relationships by providing high-quality, ethical and professional real estate services and education.

VISION

To enable consumers to make wise real estate decisions by providing valuable real estate education to the community.

WHY ESTABLISHED?  (CORE IDEOLOGY)

Emir Home. was established to give buyers & real estate professionals a superior company of which to conduct business.  Emir Home., its real estate agents & its offices staff uphold the highest level of customer satisfaction & ethical behavior.

CORE VALUES

Integrity

Ethical Behavior

Inspire Others

Lead By Example

Get By Giving (belief)

HOW DO YOU RUN YOUR BUSINESS? (Emir Home = Integrity)

 
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Posted by on November 18, 2013 in Uncategorized

 
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19 days only for 85% home loans
New UAE mortgage rule will kick in from December 1

Mortgage pre-approval letters issued by banks in the UAE with home finance value of 85%  will not be valid from December 1 onward.

The pre-approved mortgage letter issued this month will not be valid after December 1,” a senior mortgage consultant with a top local bank said on conditions of anonymity.

Your transaction must be completed before the month-end.

Thereafter, we will be following the UAE Central Bank new guidelines on mortgages.

The validity of mortgage pre-approval letters varies from bank to bank, but generally they are valid for 45 to 60 days from the date of issuance.

The UAE Central Bank issued new mortgage lending regulation late last month, which allows banks to provide loans of up to 80 per cent of the property value to Emiratis and 75 per cent to expatriates.

The new rules will be enforced one month after they are published in the official gazette.

Moreover, home buyers will no longer be allowed to seek personal loans or use their credit cards to meet their downpayment requirements, the Central Bank said.

UAE Central Bank Governor Sultan Nasser Al Suwaidi has said that the new limits on mortgage loans would help the banking sector.

First home: If the property value is Dh5 million or less – a maximum 80% of the property value

If the value of the property more than Dh5 million – a maximum 70% of the property value

Second and subsequent homes or investment property: 65% of the value of the property, regardless of value

Non-Emiratis

First home: If the value of the property is less than Dh5 million – a maximum 75% of the property value

If the value of the property is more than Dh5 million – a maximum 65% of the value of the property

Second and subsequent homes or investment property

60% of the value of the property, regardless of value

Maximum period of the loan

Maximum length of mortgage loan of 25 years

Maximum age of the borrower at the time of payment of the last installment 70 years for citizens and 65 years for non-citizens (or 70 years if the borrower works for the benefit of himself)

New UAE mortgage rule.

 
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Posted by on November 11, 2013 in Uncategorized