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Frequently Asked Questions
How much Deposit is required?
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This can vary between 15% to 40% of the property value. Depending if You're a UAE National, Expat Resident, Non Resident or Second time buyer.
How is the Customers Loan Amount Calculated?
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The Borrowing limit can vary depending on the Customers Affordability Assessment. This is worked out by using their Income and Expenditure. Banks can use 7x Annual Customers Salary. This sometimes varies from bank to bank.
Are UAE Mortgage Products available to Non Resident applicants?
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Yes there is subject to customers affordability assessment. Deposit can vary from a Minimum of 35% with rates starting from 4.99% for a 3 Year Fixed Rate.
What are the UAE Mortgage Rates?
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Mortgage Rates do vary from bank to bank. The customers profile and affordability assessment is used to decide which Mortgage Products and Rates will be suitable.
How long does pre-approval take?
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Once all the required information has been submitted. This can take between 5-10 working days and can vary from bank to bank.
What types of Documentations is required?
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The Documents required will depend if you're Employed or Self Employed. For Example Photo ID Documents, 6-12 Month Personal Bank Statements, 6-12 Month Business Bank Statements, 6 Months Pay slips, Audited Accounts from a professional Accountant, Company Formations Documents and Credit Report from home country confirming Liabilities and Credit Score. Once again this information will vary if you are Employed or Self Employed.

Calculate your mortgage repayments

AED 200,000AED 35,000,000
30%
AED 100,000AED 5,155,032
1 year30 years
1%20%

AED 31,382

* Estimated initial monthly payments based on a AED 8,591,720 purchase price with a 3.89% fixed interest rate.