A new home finance product was recently launched named “Amlak Buy to Rent” by Amlak Finance PJSC for customers who wish to invest in the lucrative real estate market.
Under the new finance scheme, only 30 per cent of the customer's credit worthiness will be assessed on the basis of his or her salary or business income, while the rest will be on the basis of the rent that accrues from the property being financed, according to Khaleej Times.
'Amlak Buy to Rent' is available for both residents and non-residents for properties which are ready for use.
