Yes you can refinance, I had a long discussion with the exec at Tamweel, upto 70%, not sure but they will value the property for you at your cost ofcourse, but You need to be resident & employed in dubai having sufficient salary to pay the EMI required, which can be a max of 55% of you fixed salary as per Central Bank rules, if you have other loans(auto, personal, company etc.), it gets added to your 55% reducing the loan amount. They do consider to a very small extent the income you receive as rent. But no rent to own, though the rental returns seem to be sufficient.
Have heard that Amlak also refinances property in IC1
Hope this helps
Vikram
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