Guides & FAQs

Mortgages, explained plainly.

General information to help you prepare. It is not personal financial advice; lender criteria and fees change, so confirm details for your situation.

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Refinancing considerations

Refinancing can reduce your costs, but only if the savings outweigh the cost of switching.

Start with your current terms

Note your rate, remaining balance, remaining term and when any fixed period ends.

Count the switching costs

These may include an early settlement fee from your current bank, new registration and valuation fees, and an arrangement fee from the new lender.

Compare total cost

Look at the total you would pay over a realistic period, not only the monthly payment. Extending the term can lower monthly payments while increasing total interest.

Timing

Reviewing a few months before a fixed period ends gives you time to compare options without pressure.

Frequently asked questions

Eligibility and borrowing limits

Yes, we can help non-resident buyers explore the lenders that consider applications from outside the UAE. Criteria are typically stricter than for residents.

Not automatically. Lenders assess off-plan and near-handover properties project by project, often considering the stage of construction. We can check what may be available for a specific unit.

Under the Central Bank of the UAE rules, the maximum tenor of a mortgage loan is 25 years. Lenders can set shorter terms, and they also decide the maximum age at the final repayment. See the repayment and affordability guide.

The maximum loan-to-value depends on your nationality category and the property value. For expatriates buying their first owner-occupied home, the Central Bank sets 80% below AED 5 million and 70% above it. For UAE nationals the figures are 85% and 75%. Lenders can apply lower limits. Read loan-to-value limits explained.

The Central Bank caps the debt burden ratio at 50% of gross salary and regular income. Lenders also stress test the loan 2 to 4 percentage points above the current rate. Existing loans and credit card commitments reduce the amount available for a new mortgage.

No. The Central Bank rules say repayments must come from salary or verifiable business or rental income, and end-of-service benefit cannot be used.

Deposits, valuation and fees

The sale transfer fee is 4% of the property value, and registering a mortgage costs 0.25% of the mortgage value. Other administrative and trustee charges also apply. The full list of purchase costs is explained with a worked example.

For home loans, the Central Bank caps early or partial settlement fees at 1% of the outstanding balance or AED 10,000, whichever is less. Your loan schedule shows the fee that applies to your contract. See the balance transfer article.

Yes. Lenders must obtain an independent on-site valuation from a suitably qualified third party before they commit to lend. The valuation can come in below the price you agree to pay.

Applications and timing

No. An initial enquiry only needs a few details about your plans and how to contact you. We will explain which documents a lender needs if and when you decide to proceed.

An enquiry is a conversation with us. A pre-approval is issued by a bank after it has reviewed your application, and it is usually conditional and time-limited.

It depends on your circumstances, the property and the lender. We will give you a realistic view once we understand your situation, and keep you updated throughout.

No. Approval decisions are made by lenders. Our role is to help you understand your options, prepare a clear application and coordinate the process.

Using the calculator

No. It is an illustrative estimate based on the figures you enter. Rates, fees and the amount a bank will lend are set by the lender after its own assessment.

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