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Condo Hotel Mortgage Financing


Q. When buying a condo hotel in Dubai, how do I arrange for mortgage financing? What is the down-payment percentage?

A. Typically in Dubai, 100% of the purchase price is paid in advance of closing and taking possession of the unit. Having said that, some developers, including the ones Condo Hotels Dubai works with, provide seller financing of up to 50%. While 50% down is more than the 20% down that we typically see required for U.S. condo hotels, the much lower prices on Dubai property keeps them affordable.

The above question was submitted via e-mail by a visitor to The answer was prepared by Joel Greene, a licensed real estate broker, who specializes in condo hotels and the Dubai real estate market.

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