Can I Get a Pre-Approved Mortgage in Dubai?
Yes, you can obtain a pre-approved mortgage in Dubai, which is highly recommended if you plan to buy property in the city. A pre-approved mortgage gives you a clear understanding of how much you can borrow, helping you set a realistic budget before you start house hunting. The pre-approval process involves submitting your financial documents to a lender, who will assess your eligibility and issue a pre-approval letter stating the loan amount you qualify for. This letter not only streamlines the home-buying process but also strengthens your negotiating position with sellers.