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ROi
  • Beach
    Boulevard View
    Canal view
    City
    City view
    Community
    Community view
    Corner view
    Cornich
    Courtyard View
    Desert View
    Emirates Palace
    Full sea
    Full Sea View
    Garden
    Garden view
    Golf course view
    Island View
    Mall View
    Mangrove
    Marina view
    Marina/Sea view
    Panoramic
    Park view
    Partial sea view
    Pool
    Reem Island
    Saadiyat Island
    Sea
    Sea view
    Street
    Street view
    Yas Island
  • Basketball court
    BBQ facilities
    Beach Access
    Central A/C system
    Central gas
    Central heating
    Children's play area inside
    Children's play area outside
    Childrens Swimming Pool
    Clubhouse
    Common Washroom
    Community center
    Emergency generator
    Fire alarm system
    Fire fighting system
    Fitness club
    Garbage disposal
    Golf course
    Gymnasium
    Intercom
    Jacuzzi
    Landscaped gardens
    Marina
    Marina berths
    Media room
    Mosque
    Olympic Swimming Pool
    Parking
    Recreational facilities
    Roads
    Sauna
    School
    Secure play areas for children
    Sky Pod
    Smart systems
    Squash courts
    Steam room
    Storage
    Swimming pool
    Tennis court
    Visitor parking
    World class hotels
  • 24 hour maintenance
    Balcony
    Balcony
    Breakfast bar
    Built in BBQ
    Built in wardrobes
    Built-in Wardrobe
    Carpet
    CCTV
    Ceiling fan
    Central A/C
    Central A/C
    Central A/C systems
    Ceramic tiles
    Closed Kitchen
    Coffee Machine
    Conventional electric oven
    Conventional gas oven
    Cooking hoods
    Covered car ports
    Dishwasher
    Driver Room
    Driver's Room
    Drivers room
    Dry Pantry
    Dryer
    Electric cooking hub
    Electrical Kettle
    Exhaust Systems
    Fire alarm system
    Fireplace
    Fitness club
    Free Satellite
    French doors
    Garbage disposal
    Gas cooking hub
    Granite countertops
    Guest Room
    GYM
    Iron
    Jacuzzi
    Kitchen Facilities
    Landscaped gardens
    Laundry Room
    Library
    Light fittings
    Maids room
    Marble flooring
    Microwave oven
    Nany Room
    Nursery
    Open Kitchen
    Pantry
    Parquet flooring
    Private pool
    Refridgerator
    Sat Decoder
    Security Room
    Security systems
    Slate flooring
    Sliding doors
    Smart home technology
    Split/Unit AC
    Squash courts
    Storage
    Storage
    Study
    Terrace
    Utility Room
    WalkIn Closet
    Washer Dryer
    Washing Machine
    WIFI
    Wood flooring
Home Mortgage Facilitations
Mortgage Loan Mortgage Calculator Mortgage Finance Providers Mortgage FAQs

Know How Terms


Under which name the property and mortgage should be registered if the person is self employed?

It should be under the person s name.

Loan:

The lender agrees to hold the title or deed to your property until you have paid back your loan plus interest.

Amortization:

Repayment of a mortgage/home loan by installments with regular payments to cover the principal and interest. Amortization Calculator.

Debt-to-Income-Ratio (DTI)

The ratio of aggregate monthly debt to aggregate monthly income.

Down Payment:

Money paid by a buyer from his own funds, as opposed to that portion of the purchase price, which is financed.

EMI:

Equated monthly installments

Home Equity:

Equity is the difference between the home's fair market value and the unpaid balance of the mortgage and any outstanding debt over the home. Equity increases as the mortgage is paid or as the property enjoys appreciation. For example, if your homes' market value is AED 100,000 and you owe AED 60,000 on your mortgage, then you have AED 40,000 equity in your home.

EIBOR:

(Emirates Interbank Offered Rate) EIBOR is the interest rate charged by banks in the United Arab Emirates for inter-bank transactions. In most cases, EIBOR is the reference rate most commonly used by borrowers and lenders to conduct financial transactions in Dubai and the surrounding Emirates.

LIBOR:

The London Inter-bank Offered Rate Index (LIBOR) is an average of the interest rates that major international banks charge each other to borrow U.S. dollars, in the London money market. Like the U.S. treasury and the CD indexes, LIBOR tends to move and adjust quite rapidly to changes in interest rates.

Loan-To-Value Ratio (LTV):

The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage. A LTV ratio of 70 means that a borrower is borrowing 70% of the value of the property and paying 30% as a down payment. For purchases, the value of the property is assumed to be the purchase price, and for refinances the value is determined by an appraisal.

Mortgage:

A legal document that pledges property to a creditor for the repayment of the loan, and is the term used to describe the loan itself. Some states use the term First Trust Deeds to refer to mortgage loans. Calculate Your Mortgage.

Processing-Fee:

The fee imposed by a lender to cover certain processing expenses in connection with making a loan. Usually a percentage of the amount loaned.

Pre-Approval:

A term used to mean that a borrower has completed a loan application and provided debt, income and savings information that has been reviewed and pre-approved by an underwriter.

Approval:

After your loan application is completed, a Bank loan processor and underwriter will review to ensure all necessary documents and information are included. They will then make a determination on whether or not youre approved for the loan.

A Memorandum of Understanding is signed between the buyer and the seller confirming the terms and conditions on the re-sale property transition. The MOU is usually prepared by the broker and is signed by the buyer, seller and the witness.

Title Deed:

Legal document which is used to prove ownership of a piece of property.



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