Who do we work with?
To Make It Happen.
Calculate Your Mortgage
In order to estimate your eligibility, we will use current averages across all the UAE banks (the rate used in the calculator) and the central bank criteria. The rate varies between 3.7% and 6% depending on the Bank and its policy.
Mortgages Made Simple..
Hassle free and tailor made to your requirements.
STEP 1
Discuss with one of our experts your requirements and allow SPF to explore the markets to ensure you are getting the best mortgage options in the market available to you. Our expert advisers will look into your mortgage priorities and outline their recommendations.
STEP 2
Once we have tailored a mortgage to suit your requirements, we will then get you pre-approved. Our client relationship managers will submit your application to the bank to secure the funds for your purchase.
STEP 3
Find Your Dream Home With the funds secured, we will then review all documents to ensure you are protected. You can confidently sign an MOU / Form F to purchase your new home.
Award Winning Financial Services.
We Make It Happen.
Speak To The Team
With over 50 years of mortgage experience, our consultants can provide guidance and knowledge on the entire mortgage process.
OUR MORTGAGE EXPERTS
We provide a premium, personalised service for all clients, working quickly and discreetly to achieve your desired outcome.
Services
Dubai is known for its spectacular skyline and vibrant lifestyle, and in the last few years has become a global financial hub. It also boasts a dynamic real estate market that has attracted investors and property purchasers from across the world.
As Featured In...
Publications Globally.
FAQ's
You may have some questions for us...
Why should I use a mortgage adviser vs going to the Dubai bank?
Arranging a mortgage can be complicated and time-consuming, so it’s best to work with a broker who understands the financial implications, technical jargon, and the appropriate procedures to follow in Dubai. Your mortgage broker’s connections will be very beneficial in Dubai, as solid working relationships with money lenders are required to get the best deals.
Considering that not all banks and building societies can provide such low rates, working with a mortgage broker in Dubai with a vast network of contacts could be your best option. To save you the time and hassle of negotiating, your broker will approach each lender on your behalf.
How much is the fee for a mortgage adviser in Dubai?
For properties financed by a mortgage or home loan, you must pay a Mortgage Registration
Fee to the DLD (0.25% of the mortgage amount value plus AED 290 in administrative costs).
Your property brokers may charge a 2% agency fee, which is negotiable. Mortgage brokers
provide rates ranging from 0.4% to 1%. The amount mortgage brokers charge varies, but if
they are independent, it is unusual for them not to charge a fee.
How long does the mortgage application take?
The standard approval time for a mortgage is 2 to 6 weeks. On average, you should wait up
to two weeks while the mortgage lender surveys the property and underwrites your loan.
What documents are required to apply for a mortgage in Dubai?
Depending on your specific circumstances, different documents may be required, but mortgage brokers can review this with you. For your mortgage, the following paperwork is typically needed:
- Copy of your passport, visa and Emirates ID
- Salary Certificate
- Last six months pay slips and bank statements
- Latest credit card statements
- Proof of your current address – a copy of the DEWA bill or tenancy agreement
Can non-residents avail financing in the UAE?
Yes subject to individual client profiling as always. Maximum loan-to-value available for non-
residents would be 60% funding with rates at this level starting from 3.89% for a 3-year fixed
rate.
What is the minimum deposit for purchase in the UAE?
- For expat residents (first-time buyer): 20%
- For UAE nationals (first-time buyer): 15%
- For expat residents (second-time buyer): 40%
- For UAE nationals (second-time buyer): 35%
There are exceptions to the rules though, some of the banks allow 2nd-time buyers, 20% and 15% deposits for expats and locals, respectively, if their existing mortgage is under 60% LTV.
