Yes, it is generally possible to avail of a Lease Rental Discounting (LRD) loan against a property with multiple tenants, but it depends on the lender’s specific criteria and the terms. Banks in the UAE usually assess the stability and credibility of each lease agreement. If your property has multiple tenants, lenders will look at:
- The tenure and consistency of each rental contract.
- The creditworthiness and reliability of the existing tenants.
- Whether the tenants are corporate or individual.
- The total rental income.
- The type of property (e.g., residential, commercial) and its occupancy rate
