Author: Ra'uf Asim Rahal

As Dubai’s property market continues its upward trajectory, potential homebuyers face a crucial decision: DECIDING BETWEEN A NORMAL HOME LOAN OR A Mortgage. This choice has profound consequences for at least the financial outlook in the long-term and the possession of assets. The following are the advantages and disadvantages of each option within the UAE’s legal framework according to the experts. Home Loan vs. Mortgage: Introduction to the Basics Even though the home loans and mortgages share the common characteristic of applying for a loan with the home as the collateral, there are certain distinctions that potential homeowners need to…