The minimum salary requirement varies by bank, but most lenders require a minimum monthly income of AED 10,000.

Yes, expats can apply for mortgages in Dubai. Lenders typically require proof of residency, employment, and a steady income.

Typically, you’ll need:

• Passport and Emirates ID
• Salary certificate or proof of income
• Bank statements (3–6 months)
• Proof of property purchase agreement (if applicable)

For first-time homebuyers, you can borrow up to 80% of the property value if the property is worth AED 5 million or less. For higher-value properties or second purchases, the loan-to-value ratio is lower.

• Fixed-Rate Mortgage: Your interest rate stays the same for a specific period, offering stability in your monthly payments.
• Variable-Rate Mortgage: The interest rate fluctuates based on market conditions, which can result in lower or higher payments over time.

Yes, refinancing is a great way to reduce your monthly payments or secure a lower interest rate. Speak with one of our advisors to explore your refinancing options.

The approval process usually takes 3–7 working days, depending on the complexity of the application and the lender.

Yes, there are fees such as:

• Property valuation fee
• Bank processing fee (typically 1% of the loan amount)
• Mortgage registration fee
• Life insurance and property insurance premiums

Yes, self-employed individuals can apply for mortgages. You’ll need to provide additional documents such as audited financials, trade licenses, and proof of income stability.

Most banks charge an early settlement fee, usually 1–3% of the outstanding loan amount. The exact fee depends on the lender’s terms and conditions.