A mortgage is a loan secured against a property, used to purchase residential, commercial, or investment real estate. You repay it in monthly instalments that cover both the principal and interest, or profit, in the case of Islamic financing.

UAE nationals, residents, and non-residents can all apply for a mortgage, as long as they have a stable income. This includes salaried employees, business owners, and individuals with rental income.

You can choose from a variety of options, including:

• Residential mortgages (owner-occupied or rental)
• Investment property loans
• Non-resident mortgage programs
• Land and construction financing
• Commercial property loans

• UAE Nationals: Minimum 15% for properties under AED 5 million
• Expats: Minimum 20% for properties under AED 5 million
  For properties over AED 5 million, the minimum down payment increases by
  5–10%.

Typically:

• Passport and visa copy
• Emirates ID (for residents)
• Salary certificate or trade license
• Six months of bank statements
• Credit report (local or international)
  Additional documents may be requested depending on the bank and your profile.

1. Get pre-approval to confirm your budget
2. Find a property and sign the sales agreement
3. Bank completes property valuation and final approval
4. Mortgage is issued and used to make the final payment
5. Property is transferred to your name

We assist you through every step to make the process smooth and stress-free.

• Conventional mortgages involve paying interest on the loan.
• Islamic mortgages are Sharia-compliant and use profit-based or lease-to-own structures instead of interest.

Both options offer competitive terms; the choice depends on your preference and values.

Equity release lets you borrow against the current value of your property without selling it. The funds can be used for business, renovations, education, or any personal need.

Yes. You can switch to another bank to get a better interest rate, longer loan term, or to release equity from your property. Refinancing can lower your monthly payments or free up cash for other uses.

Yes. Non-residents can apply for mortgages in the UAE, particularly for investment properties. While the process is similar to residents, some banks may require a higher down payment and additional documentation.

Yes. Married couples can apply jointly, even if only one person is earning income. The bank will assess your combined affordability when reviewing the application.

You can, but working with a mortgage broker like Prime Rate Hub gives you access to multiple banks, better deals, and full support throughout the process. It saves you time and increases your chances of approval.

You should budget for:

• Land Department fee (~4%) Dubai and (~2%) Abu Dhabi
• Real estate agent commission (~2%)
• Mortgage registration fee (~0.25%)
• Bank arrangement fees (up to 1%)
• Property valuation and trustee fees

Some of these fees can be financed within your mortgage, depending on the bank.

Yes, if your personal investment in the property is AED 2 million or more. This includes your down payment or the paid portion of the mortgage. If eligible, you can apply for a renewable 10-year Golden Visa that offers long-term residency and family sponsorship benefits.