How much is my borrowing limit?
Your borrowing limit is generally up to 7 times your annual salary, depending on the bank. Existing loans, credit cards, and liabilities may reduce the amount you can borrow.
What are the mortgage rates in the UAE?
Mortgage rates vary from bank to bank and are based on whether you are salaried or self-employed. Your personal profile will determine the exact rate.
Can non-residents get financing in the UAE?
Yes, non-residents can apply for property finance. Up to 60% LTV is available, with interest rates starting at 3.89% for a 3-year fixed plan, subject to profiling.
What is the minimum deposit required?
- Expat (1st-time): 20%
- UAE national (1st-time): 15%
- Expat (2nd-time): 40%
- UAE national (2nd-time): 35%
*Some banks offer lower deposits if the existing mortgage is under 60% LTV.What documents are required for the application?
Salaried:
- ID documents
- Salary certificate
- Last 6 months’ payslips and bank statements
- Details of liabilities
Self-employed:
- ID documents
- Company docs (Trade license, MOA, etc.)
- Business bank statements (12 months), personal (6 months)
- Audited financials, company profile, liabilities
How long does pre-approval take?
Initial feedback comes within 2 working days. Once documents are submitted, pre-approval typically takes 5–7 working days.
