As an expat, you’ll need a minimum deposit of 20% for properties valued under AED 5 million. If the property costs more, the deposit increases to 30%. For UAE nationals, the minimum starts at 15%.

Most banks require expats to have a minimum monthly salary of AED 10,000 to qualify for a mortgage. However, some lenders may work with slightly lower incomes depending on your overall financial situation and loan amount.

Interest rates depend on the mortgage type and market conditions:

- Fixed-Rate Mortgages: Rates usually range between 3% to 5% per year, offering stability for a set period (e.g., 1–5 years).

- Variable-Rate Mortgages: These are tied to the Emirates Interbank Offered Rate (EIBOR) and may rise or fall over time based on market trends.

Getting a mortgage in Dubai is easier with the right support. At Mortgage Feeders, we start with a quick, free eligibility check that won’t impact your credit score. Your personal case manager then handles everything while you track progress and upload documents through the Mortgage Feeders portal. We take care of the rest, ensuring a smooth and stress-free approval process.

A mortgage loan is a type of loan used to purchase property, where the property itself serves as security for the loan. In simple terms, you borrow money from a lender (like a bank) to buy a home, and in return, you agree to repay the loan in monthly installments, which include both the principal amount and interest. If you fail to repay, the lender has the right to take ownership of the property. Mortgages make it possible to own a home without paying the full price upfront.

Home loan affordability in the UAE depends on your monthly income, monthly debts, and the property’s value. Lenders assess your borrowing capacity using the Debt Burden Ratio (DBR), which ensures your total monthly debt payments (including the mortgage) do not exceed 50% of your income. To make it simple, you can use our Mortgage affordability calculator—just enter your income, expenses, and property details to instantly see how much you can borrow.

Your mortgage affordability is determined based on:

- Monthly Income: Lenders generally allow borrowing up to 7 times your annual income.

- Existing Debts: Keep your monthly debt payments (loans, credit cards, etc.) under 50% of your income to meet eligibility.

- Down Payment: Expats need at least 25% of the property value as a down payment, while UAE nationals need 20%.

In the UAE, the minimum credit score for a mortgage is between 550 and 700, depending on the lender. A higher credit score improves your chances of approval and helps you secure better interest rates. If your credit score is lower, lenders may require a larger down payment or impose stricter terms.

A mortgage loan is calculated based on key factors like the loan amount, interest rate, and loan term. The monthly repayment is determined using a formula that includes both the principal (the amount borrowed) and interest (the cost of borrowing).

Banks calculate mortgages by assessing several factors, including:

- Loan amount: The total amount you borrow.

- Interest rate: Fixed or variable, depending on the loan type.

- Loan tenure: The length of time you’ll repay the loan (e.g., 15 to 25 years).

Interest rates for home loans in the UAE vary depending on the lender and mortgage type:

- Fixed-Rate Mortgages: Rates typically range from 3% to 5% per year for a set period (e.g., 1–5 years).

- Variable-Rate Mortgages: Rates are tied to the Emirates Interbank Offered Rate (EIBOR) and can fluctuate over time based on market conditions.