Is it possible to mortgage a house in the UAE?

In the UAE, houses are given to applicants only as a rental. There is no mortgage contract in this country. The rules related to renting residential houses are implemented in the same way in all cities of the UAE.

The duration of the rental contract is one year, and the cancellation of this contract by either party is subject to a fine.

Usually, rental houses have a contract for a period of one year and this contract cancellation by either party is subject to a fine. House holders in this country often receive the rent in advance. They keep the price equivalent to 3 months of rent as a guarantee. The tenant can give this amount in the form of a check to the house owner. The number of checks is determined according to the agreement between the parties.

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