Palm Jumeirah Villa for a London-Based Entrepreneur
AED 8,500,000 · 15 years · 5.25% fixed 5 yrs. A London entrepreneur was purchasing a four-bedroom villa on the Palm Jumeirah as a UAE investment and lifestyle asset.
The Client
HNW Investors
The Challenge
A London entrepreneur was purchasing a four-bedroom villa on the Palm Jumeirah as a UAE investment and lifestyle asset. He visited Dubai regularly for business and intended to use the villa personally and rent it on a short-term basis when absent. Non-resident mortgage applications in the UAE are available but at lower LTVs.
Our Solution
Doulton placed a non-resident UAE mortgage at 60% LTV with a major UAE bank. The short-term rental programme through a DTCM-licensed operator was confirmed pre-purchase, with rental income projections used to support the application. The London business income was fully documented.
The Outcome
Villa purchased. DTCM holiday home licence obtained. Rental income in first year from 22 weeks of occupation by short-term guests substantially exceeded projections. Key highlights: Non-resident UAE mortgage at 60% LTV; DTCM holiday home licence obtained pre-purchase; Rental income exceeded projections in year one.