Nuuk
I agree with all you points regarding what hassle it is for obtaining mortgages here in Dubai. The charges are ridiculous and the lack of 'service' even more so.
However, not sure about the info you had relating to the banks having a guarantee from the provident scheme. Have you had to do this, because I didn't? Not sure why they would ask to do this as the funds are set up in the form of a trust, registered in the Isle of Man. The A & B fund are set up in one, while the C fund is in another. Not even Emirates has access to this. There is no way,therefore, that the banks can insist you guarantee this money. Having said that, maybe it's a good thing. They obviously think they can, but you know better!
