FAQs
A mortgage in the UAE is a home loan provided by banks or financial institutions to help you purchase property. The loan is repaid in monthly installments with interest over an agreed period.
Both UAE residents and non-residents (expats and overseas investors) can apply. Eligibility depends on:
- Employment type
- Income
- Credit history
- Nationality
- Most banks require a minimum monthly salary of AED 10,000 for residents.
- For self-employed or non-residents, requirements may be higher.
- UAE Residents: Minimum 20% of the property value for the first property.
- Non-Residents: Minimum 25–35% of the property value (varies by bank and property type).
Mortgage terms usually range between 5 and 25 years, depending on eligibility and retirement age.
Yes. Residents with a stable income can qualify for up to 80% financing of the property’s value.
- Passport & Emirates ID
- Salary certificate
- 6 months’ bank statements
- Pay slips
- Proof of address
- Property documents
Banks typically cap your mortgage installment at 50% of your monthly income after deducting other financial liabilities (such as loans or credit cards).
Yes. Self-employed individuals can apply if they meet income stability and business age requirements (usually at least 2 years in operation).
- Passport & Emirates ID
- Trade license
- Company bank statements (last 12 months)
- Personal bank statements (last 6–12 months)
- Audited financials (if available)
- Property documents
Banks assess your average monthly income based on company bank statements. They may also require a higher down payment compared to salaried applicants.
Yes. Many banks offer mortgages to non-residents, especially in Dubai and Abu Dhabi. Financing usually covers 60%–75% of the property value.
- Passport copy
- Proof of income (salary slips or business documents)
- Bank statements (last 6 months)
- Proof of residence in home country
- Property documents
Yes. Interest rates for non-residents are generally slightly higher than for residents.
Yes. Some banks allow non-residents to buy investment properties for rental income, subject to conditions.
- Dubai Land Department (DLD) fee: 4% of property value
- Mortgage registration fee: 0.25% of loan amount
- Bank processing fee: 0.5%–1% of loan amount
- Valuation fee: AED 2,500–3,500 (approx.)
- Trustee office fee: AED 4,000–5,000
- Yes. Early settlement is allowed, but banks charge a fee:
- 1% of outstanding loan OR
- Capped at AED 10,000 (depending on bank policy)
On average, the process takes 2–4 weeks from application to approval, depending on documentation and property valuation.
Yes. This process is called mortgage buyout or loan refinancing and is usually done to secure lower interest rates.
- Residents: Yes, a valid UAE residency visa is required.
- Non-residents: A valid passport and proof of overseas residency are sufficient.
- Access to the best mortgage rates across UAE banks
- End-to-end support with documentation and approvals
- Expertise for both residents and non-residents
- Tailored mortgage solutions for salaried and self-employed clients
