With no other debts, an AED 40,000 monthly salary can support a mortgage of about AED 3.1 million over 25 years.
How it works: banks let all your debts use up to half your income (AED 20,000 a month here), tested at a higher stress rate of about 6%.
- 25-year term, no other debts: about AED 3.1 million
- 20-year term: about AED 2.79 million
- With a AED 3,000 car loan: about AED 2.64 million
- Property price this fits (expat, 80% loan): up to about AED 3.88 million
- Monthly payment at 3.99%: about AED 16,370
Townhouses and villas in many communities come into reach. Keep the price under AED 5 million if you can: above it, expats can borrow only 70% instead of 80%.
Estimates only. Each bank uses its own stress rate and rules.
Related: How much can I borrow? · Check your eligibility · Down payment rules
