How does financing work in Ajman?
Generally there are payment plans offered by the developers of 1, 3, 5 and in certain cases as long as 7 years. Financing is different from other areas of the world in that it is very difficult to obtain long-term financing from the bank as there is no system to check credit records in the UAE, so instead banks review account turnover (flow of funds into and out of the account). Bank policies with regards to financing are generally very strict.
