Off-Plan Dubai Creek Harbour Apartment for a UK Investor
AED 1,400,000 · 20 years · 5.10% fixed 2 yrs. A UK-based investor was purchasing an off-plan apartment in Dubai Creek Harbour from a major UAE developer.
The Client
Buy-to-Let Investors Abroad
The Challenge
A UK-based investor was purchasing an off-plan apartment in Dubai Creek Harbour from a major UAE developer. Off-plan UAE purchases involve stage payments during construction, with the mortgage converting to a standard facility on handover. The client had no UAE residency.
Our Solution
Doulton arranged a non-resident off-plan mortgage with a UAE bank, structured as a construction facility converting to a term mortgage on handover. The developer's build programme was reviewed and payment stages confirmed. An Oqood registration was completed as required under UAE off-plan law.
The Outcome
Off-plan purchase completed. Apartment handed over at month 28. Mortgage converted to term facility on handover. Property immediately tenanted through a Dubai estate agency. Key highlights: Non-resident off-plan UAE mortgage structured; Oqood registration completed as required; Smooth conversion to term mortgage on handover.