John Charcol Middle East

Posted on 17 February 2011 by Alan Black

I have a 2 bed apartment in Time place, Dubai Marina. It's current value is around 1M AED. I have a mortgage with Amlak in Dubai for 850K AED over 12 years with a rate of 9.9%. I would like to re-mortgage the 850K AED over 19 years with a better interest rate. Amlak will not allow me to chanmge the existing terms. Is this possible?


We have a franchise based in Dubai which works with all the country's lenders to obtain the best and most suitable mortgage for you.

They can be contacted on 800JCME (800 5263) or e mail


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We recommend you seek professional advice with regard to any of these topics where appropriate.


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