03 August 2008 Many factors slow down the processing of applications in Dubai, says Chris Dommett, CEO of John Charcol Dubai. They include the complexity of the UAE mortgage market, the absence of a credit bureau and the lack of trained and qualified staff. Looking for a home mortgage usually involves you, your money, and a bank officer or a mortgage broker. So what's the big deal? You ask. The end result is the same - you get a mortgage; you get a new house. But these two job types are different and it is important that you at least understand that difference.
