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  • Ready House Loan Ready House Loan
    • Description
      Client can obtain a no interest loan of 750,000AED maximum to book a ready housing within the Establishment's housing projects.​
      Target Audience

      ​Dubai citizens with income of (10,700 -100,000AED) can apply.​

      Required Documents
      1- Download FileFill the service request form  

      2- ID copy and original (single/couple).

      3- Full passport copy with cover and original (single/couple).

      4- Civil status copy  (including page 26 and last page) and original.

      5- Passport copy of children, cover and page 26 (for widows& divorcees and ones married to Dubai issued passport holder or non).

      6- Current verified proof of marriage(if wife is not added to civil record/or request is in wife's name).

      7- Current (6months) proof of civil status (widows and divorcees and single females only).

      8- Proof of children financial support or custody (6 months recent) (widows & divorcees).

      9- Current proof of civil status for females 18 and above years old (6 month recent)(widows/divorcees/citizen married to non citizen).

      10- Succession Certificate (only widows and singles without financial supporter).

      11- Recent work sponsor letter or any other income entity, such as commercial licenses on condition that the client is an owner + statement of all commercial licenses verified from concerned entity (6months recent).

      12- Verified employment contract from  Ministry of labor for private sector (6months recent).

      13- Income statement of the deceased (widows only) (6months recent)

      14- Recent financial obligation statement from the bank with income transfer and any other if there are loans.

      15- Bank Statement of last 3 months of income.  

      16- Valid house lease or proof of residency.

      17- Certificate or copy of the previous grant sale stating the value and date of sale verified by Dubai Land & Property authority (Grant users)

      18- Letter of explanation of use with documentation (Grant users)

      Note: 1- In case of partnership with 1st degree relative, to supply all following documents in point:3/11/12/15 and: Personal Guarantee to settle housing loan.
      Possibility of loan transfer and difference in house price to any financing entity (yusur program)

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      Terms And Conditions
      Male 

      1- Citizen of the country and holds a passport & civil record issued by Dubai emirate

      2- Married or at any age or single in order to provide housing to parents and siblings as they have no other housing available..

      3- Applicant or wife has not previously had any housing loan or gov. housing from any government entity federal or local and in case of any action, request will be provoked.

      4- Applicant's income is not less than (10,700AED)

      5- Partnership with first degree relatives is permitted(son/daughter/father/spouse)

      6- Housing is not permitted to be sold or leased or gifted or donated or any other mean of deed transfer against payment or non without the agreement of the Establishment and housing is only for personal use of residing and no other and client signs on an agreement of this.

      7- Client will waiver granted residential land in place of the house purchase or presents an agreement to exchange the house with the land agreement if any of them is available.

      8- Housing allocation is not for individual cases.

      9- In time of allocation, payment of the additional amount to the house loan  agreed by the Establishment, must be fully paid.

      10- In time of booking, 25,000AED must be paid as down payment.
       
       
      Female

      1- To be a citizen and has a passport and civil record from Dubai Emirate.

      2- Married to a citizen with passport issued by Dubai emirate or non citizen) on condition she has residential land grant in Dubai.

      3- Widow and has a son or more with proof of financial support issued by the concerned court.

      4- Divorced and has a son or more with proof of custody issued by the concerned court.

      5- Applicant or spouse has not previously had any housing loan or gov. housing from any gov entity federal or local and in case of any action, request will be provoked.

      6- Applicant's income is not less than (10,700AED)

      7- Partnership with first degree relatives is permitted(son/daughter/father/spouse)

      8- Housing is not permitted to be sold or leased or gifted or donated or any other mean of deed transfer against payment or non without the agreement of the Establishment.

      9- Housing is only for personal use of residing and no other and client signs on an agreement of this.

      10-  In time of allocation, waiver of the land for the house loan.

      11- Client will waiver granted residential land in place of the house purchase or presents an agreement to exchange the house with the land agreement if any of them is available.

       
      12- Housing allocation is not for individual cases.

      13- In time of allocation, payment of the additional amount to the house loan  agreed by the Establishment, must be fully paid.

      14- In time of booking, 25,000AED must be paid as down payment.
      Service Fee NA
      Service Procedures
      Service Direct Contact
      ​Call Center : 80030
      Service Branches

      ​Client Services- Client Relations at the Establishment Office Building, Umm Ramool, Dubai.​

      Service Required Time NA
Last Modified 08/16/2018 11:14:25 AM


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