How to Get a Mortgage in Dubai: A Complete Guide

Securing a mortgage in Dubai is straightforward if you understand the process. Here is everything you need to know...

Eligibility Requirements
- Minimum age: 21 years
- Maximum age at loan maturity: Typically 65 for employed, 70 for self-employed
- Minimum salary: Usually AED 15,000 per month
- Employment duration: At least 6 months with current employer

Loan-to-Value (LTV) Ratios
- First property (UAE residents): Up to 80% for properties under AED 5M
- First property (non-residents): Up to 75%
- Subsequent properties: Up to 65%

Required Documents
- Passport and visa copies
- Emirates ID
- Salary certificate or employment contract
- 6 months bank statements
- Proof of address

Interest Rates
Mortgage rates in Dubai typically range from 3% to 6% depending on your profile and the bank.

Pre-Approval
Getting pre-approved helps you understand your budget and shows sellers that you are a serious buyer.

Working with a mortgage broker can help you find the best rates and navigate the application process.