Final Offer Letter (financing offer) for real estate purchase in Dubai

Offer document issued by the lender notifying the buyer (mortgagor) of the commitment to finance the purchase of a property in Dubai (mortgage loan) in accordance with the further notified details (subject of the loan, collateral, interest rate, term). Before receiving the final financing offer for the purchase of a property in Dubai, a basic approval (“pre-approval”) must be obtained from the bank. This is followed by the purchase price negotiation and agreement between buyer and seller by means of a “Memorandum of Understanding” (MoU).