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20%
4.3%
10 Years
AED
0 /per month
Principal & Interest : 0 AED
Monthly Taxes : 0 AED

Frequently Asked Questions

Everything you need to know about mortgage services

A mortgage is essentially a loan that allows you to purchase a property without paying the full price upfront. It's an agreement between you (the borrower) and a lender (like a bank or financial institution).

Mortgages are a crucial tool for homeownership, allowing individuals to acquire significant assets like homes over an extended period.

The processing time for mortgage approval can vary, but generally, it takes 2 to 6 weeks from the time you submit your full application to receiving a formal mortgage offer. To help speed things up, ensure all your documents are prepared and readily available, and respond promptly to any requests for additional information from your lender.

Monthly mortgage payments are typically composed of Principal (reducing your loan balance), Interest (the cost of borrowing), and often include amounts for property Taxes and homeowners Insurance (PITI), usually held in an escrow account. While the total payment amount might remain fixed for a fixed-rate mortgage, the allocation between principal and interest shifts over time, with more interest paid initially.

The amount you can borrow for a mortgage in the UAE generally depends on your nationality and income, with expats typically able to borrow up to 80% of the property's value and UAE nationals up to 85% for first homes under AED 5 million. Banks also assess your ability to repay, usually capping total monthly debt repayments at 50% of your income.

We highly recommend connecting with one of our mortgage advisors. They're here to provide you with all the essential information about securing a mortgage and will guide you seamlessly through each stage of the process.

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