Frequently Asked
Questions

Answer: We provide a wide range of mortgage solutions in the UAE, including home purchase loans, refinancing options, equity release, non-resident mortgages, and buy-to-let investment financing. Our team works with leading UAE banks to secure both fixed-rate and variable-rate mortgage options tailored to your needs.

Answer: The process is simple. You can start by completing our online mortgage application form or contacting our advisors directly. We’ll first assess your eligibility, review your income and credit history, and then submit your application to the bank. From there, we manage the approval process until your mortgage is finalized.

Answer: Typically, banks in the UAE require:

• Passport and Emirates ID (residents) or passport copy with visa entry stamp (non-residents)
• Salary certificate and recent payslips (for employed applicants)
• Trade license, audited financials, and bank statements (for self-employed applicants)
• Last 6 months’ personal bank statements
• Property documents (sales agreement, title deed, etc.)

Requirements can vary slightly between banks, but we’ll guide you through exactly what’s needed.

Answer: Banks in the UAE assess eligibility based on your income, employment stability, credit history (AECB credit report), age, existing financial commitments, and the property value. Typically, your monthly mortgage payment should not exceed 50% of your income after deducting other liabilities.

Answer: Interest rates in the UAE vary by bank and applicant profile. Rates can be fixed (usually 2–5 years) or variable, linked to EIBOR (Emirates Interbank Offered Rate). Currently, mortgage rates start from around 3.99% p.a. for eligible applicants, but your exact rate will depend on the bank, loan amount, and profile.

Answer: Yes. If you already have a mortgage in the UAE, refinancing allows you to switch to another bank for better rates, longer tenure, or to release equity from your property. This can help reduce your monthly payments or free up cash for other investments.

Answer: On average, mortgage pre-approval takes 3–5 working days, provided all documents are submitted correctly. Final approval and disbursement typically take 2–3 weeks, depending on the bank and property type.

Answer: Yes. Most banks in the UAE have a minimum loan amount of around AED 250,000. The maximum depends on your eligibility and property value, but financing can go up to AED 20–30 million with some banks.

Answer: As per UAE Central Bank regulations:

• UAE Nationals: 15% minimum down payment for properties under AED 5 million
• Expats/Non-Residents: 20%–25% minimum down payment for properties under AED 5 million
• For properties above AED 5 million, the down payment requirement increases by 5%.

Answer: Typical fees and charges in the UAE include:

• Bank processing fee: 0.5% – 1% of loan amount
• Property valuation fee: AED 2,500 – AED 3,500
• Dubai Land Department fees: 4% of property value (varies by emirate)
• Mortgage registration fee: 0.25% of loan amount + admin fee
• Trustee/transfer fee: AED 4,000 – AED 5,000

We provide you with a detailed breakdown upfront so there are no surprises.