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Best home loan options for residents in the UAE

Living and owning a house in the UAE is the zenith of luxury excellence. And if you are eyeing that dream house here and are worried about having the financial backup, we have got you covered. We help you discover lucrative home loan options for UAE residents to bridge the gap between their dream and the reality of real estate opulence.

Loan amount of up to

AED 25 million's

Minimum

Processing Fees*

Finance Up to

80% Off**

Mortgage Solutions for UAE Residents

Explore an extensive range of house mortgage options while being assisted by our mortgage experts. Instantly find out how much you are eligible to borrow with our quick digital pre-approval process. Enjoy all the perks of attractive low-interest rates on your mortgage. With the option of variable and hybrid rates, you have the luxury to choose the solution that matches your individual requirements. We are proud to be a trusted source in the country to provide you with a seamless digital homeownership experience. With us by your side, you can now discover properties, apply for a property valuation online, get pre-approval instantly, and receive access to a special home-buying guide, all customised for you.

Home Loan for Salaried

Owning a home in the UAE or salaried individual has never been easier than it is now with us in your corner. As a dedicated mortgage specialist in the UAE, we stand by your side throughout the entire process, supporting you every step of the way by making sure you get a smooth journey to owning your dream home.
You can easily buy constructed and ready residential as well as commercial units, as we help you find diverse home loan options.

Home Loan for Self-Employed

Self-employed individuals can secure home loan options from us with as much ease as those with regular incomes and salaries. We help you discover tailor-made home loan options to match the needs and requirements of self-employed individuals. Self-employed professionals (lawyers, doctors, etc.), along with non-professionals (such as traders), can avail of the various home loan options we bring forward. We assess tax returns and P&L account statements, and balance sheets of your business entity to determine loan eligibility.

How Does It Work?

The first step in the process is getting a consultation session with our reputed advisor. Our in-house advisors offer customised guidance to make sure you are making a well-informed decision. We help you understand the mortgage calculator to help you figure out how much you can borrow based on your current financial situation.

Initial Consultation

Finding the Best Options for You

After you have used the calculator and consulted with our advisors, we will schedule another session wherein our advisors will help you identify the best options available for you. We will guide you through the most optimal mortgage options to suit your needs and requirements.

Pre-approval

During the pre-approval stage, we evaluate your income documents. Before the loan disbursal, we verify the property documents as well. It is a conditional approval from us for your specific loan amount, depending on an evaluation of your creditworthiness, financial health, and repayment capacity.

Application and Paperwork

To ensure a smooth home mortgage process, you need to submit a duly filled application along with necessary documents such as income proof, identity proof, and address proof, among others. In the event you are applying with a co-applicant, you need to submit the same set of documents for the co-applicant as well.

Moving to Your New Home

The next process is the sweet little prize you were working all along for. Move into your new dream house. Nothing makes us happier than helping you fulfil your lifelong dream of owning a house to check off your bucket list.

Ongoing Support

Our services are not just limited to mortgage disbursement. We also provide ongoing support and resources to you to assist you with managing your loans and addressing potential issues. We stay in touch with you and keep you updated about your loan status.

Advantages of working with us

Trust and Transparency

The rich and on-field experiences of our advisors in consultancy, banking, and real estate help in bringing invaluable insights to every interaction. We ensure we prioritise trust and transparency in communicating the best mortgage solution for you.

We work with all the Banks

Our extensive network of home loans options in the UAE ensures you have access to all the major banks of the nation. Through our strategic partnerships, we bring you close to the leading UAE as well as global banks.

Team of experienced professionals

The combined expertise of our leadership team gives you valuable insights into financial services, real estate, consulting, technology, and creative industries. With our shared vision, we are dedicated to bringing you close to the best home loan offers in the UAE.

Frequently
Asked Questions

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The required deposit for a mortgage in Dubai is usually capped at 15% of the value of the property for UAE nationals. On the other hand, expats may have a higher minimum deposit requirement of 20%. For properties which are valued at AED 5 million or more, the deposit requirement can increase to 25% for UAE nationals and 30% for expats. To purchase a second unit with a home loan this deposit requirement increases to 35% for UAE nationals and 40% for expats.

In Dubai, the current mortgage rates generally range starts from 3.89%. These rates can change depending on the concerned mortgage product (fixed or variable), the lender, and the financial situation of the borrower. Many financial institutions provide long-term fixed rates, such as for five years. Please note that the fixed rates are often a bit higher than their variable counterparts.

Although the minimum salary to get a mortgage in Dubai is AED 10,000 for UAE nationals and expats, majority of the banks requires a minimum salary of AED 15,000. Note that the ultimate decision on loan approval depends on varied factors such as the credit score of the borrower, the debt-to-income ratio, and the specific criteria set by the lender.

Yes, non-residents can absolutely avail of financing options in the UAE, especially for buying properties. However, non-residents must meet various criteria, including a strong credit history, minimum income requirements, and age limits (typically 21-65). While the terms might be stricter for non-residents than it is for residents, financial institutions and banks in the UAE provide home loans and other allied financing options to non-residents, especially in cities such as Dubai and Abu Dhabi, with flexible terms and competitive rates.

Non-residents have to provide proof of income (usually through bank statements) and a reliable credit history, which needs to be verified through credit bureaus in their specific home country or the Al Etihad Credit Bureau of the UAE. Apart from these, identity documents and bank statements are required. For residents, the documents that are required to secure a home loan in the UAE include a copy of your passport, Visa, Emirates ID, proof of your current address (a copy of tenancy contract or DEWA bill), a salary certificate, payslips and bank statements for the last six months.

It can take up to five business days to get pre-approvals for a home loan for UAE residents. For non-residents and self-employed, it can go up to 15 business days. This timeframe varies depending on the internal procedure of the bank or the complexity of the application. While some banks may offer instant pre-approvals, others can take a bit of time.

Yes, it is usually possible to finance your handover payment with a mortgage. Many developers offer properties for sale at an affordable price during the off-plan stage, with the agreement that the final payment will be made upon the project’s completion and handover. You can finance this final payment through a mortgage, given you meet the eligibility criteria of the lender and the property in question is eligible for mortgage financing.

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Best home loan options for residents in the UAE