Ready Properties

Individual (Salaried or Self Employed) who are interested in buying completed residential properties in the form of Apartments, Villas, Townhouses, compound villas, buildings, etc.

Ajman Bank provides finance for the following 2 types of Ready properties:

1st Rank Mortgage
2nd Rank Mortgage

Features & Benefits*:

Maximum Finance amount up to AED 15 Million.
Maximum tenure up to 25 years.
Finance to value of up to:

1st Rank Mortgage:

Up to 85% for UAE Nationals, 80% for Resident Expatriates

2nd Rank Mortgage:

Up to 85% for UAE Nationals

Finance for property having existing Title Deed and which can be registered in Lands Department
Financing available for Freehold & Non Freehold properties
Financing available for UAE Residents Only
Widest geographical coverage.
Quick and Fast Approvals.

*Terms and conditions apply

Property Classification Definition:-

Freehold Properties

The properties which are given or sold by the developers/sellers and give buyer (i.e. UAE Nationals and Expatriates) the rights to own are termed as free hold properties. Freehold properties are built on specific locations as approved by the government authorities.

Non - Freehold Properties

Non free hold properties pertain to areas where UAE Nationals & GCC Nationals can buy properties. The title deeds / mortgage deeds are issued by respective municipality and hence are eligible for finance.

The following are the transactions available under Ready Properties:

New Purchase	Means to buy a property directly from the developer
Resale	Means to buy a property from secondary market
Buyout	Standalone Buyout: - means customer will transfer his existing finance from another bank to Ajman Bank. Buyout: - means customer can transfer his existing finance from another bank Resale Buyout: - means a transaction of buying a land in the secondary market between buyer and seller and Ajman Bank will buyout the finance of the seller from another bank of FI.