Title Deed is a document. It is registered at the land department and tells the ownership of the plot/land. If an individual purchases land/plot through mortgaging then the information will be etched as Owning The Property. The original document remains under the possession of bank until the mortgage has been repaid.
Individuals require paying different sums of fees for buying a property in Dubai. 4% real estate, 2% Mortgage registration, and 0.25% plus trustee and title deed fee must be rendered respectively. It should be kept in mind that bank charges differentiate from bank to bank.
The borrowing amount entirely depends on factors like gross income (salary), existing liabilities, and existing personal circumstances. You can enquire more details by getting in touch with mortgage consultant.
Mortgage broker plays a vital role to bring best of the deals from the market for you, as they have access to all mortgage deals in the market from different banks, so they can bring the best which suites according to your profile.
Yes, Banks acquire professional services of Al Etihad Credit Bureau that collects the data of different kinds of loans, credit card facilities, and credit score. Which helps banks to have better idea on the credit history of person. But bank seeks approval/consent from person to go through such a checks
No, there is no such provision or clause stating the borrowing more than 80% for expats of the property price. But, yes you can avail finance on land department and real estate charges as a part of mortgage.