With no other debts, an AED 15,000 monthly salary can support a mortgage of about AED 1.16 million over 25 years.
How it works: banks let all your debts use up to half your income (AED 7,500 a month here), tested at a higher stress rate of about 6%.
- 25-year term, no other debts: about AED 1.16 million
- 20-year term: about AED 1.05 million
- With a AED 3,000 car loan: about AED 698,000
- Property price this fits (expat, 80% loan): up to about AED 1.45 million
- Monthly payment at 3.99%: about AED 6,140
AED 15,000 is the minimum most banks ask of salaried expats, so you have the widest choice of lenders from here. Allowances on your salary certificate count in full.
Estimates only. Each bank uses its own stress rate and rules.
Related: How much can I borrow? · Check your eligibility
