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.​

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EXECUTIVE DIRECTOR
ASSOCIATE DIRECTOR
MORTGAGE DIRECTOR
SALES DIRECTOR
ASSOCIATE DIRECTOR
SALES DIRECTOR
ASSOCIATE DIRECTOR
ASSOCIATE DIRECTOR

FAQ's

You may have some questions for us...

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.

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.

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.

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

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.

  • 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.

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