Dubai

Do I qualify for a Dubai mortgage?

To qualify for a mortgage in Dubai, a calculation is used to establish whether you can afford to maintain the mortgage repayments. Once you have completed our enquiry form, Mortgage Helpline International will be able to assess your suitability for a mortgage.

How much can I borrow?

Calculation based on the valuation or purchase price, whichever is the lower.

Up to 70% of LTV available for house purchase only.

Applications can only be made on an individual basis

Existing liabilities, e.g. mortgage or rental payments, loans, credit card payments and maintenance are taken into account, together with the proposed Dubai mortgage payments. All this must not exceed 50% of your monthly net income

What evidence of income do I need?

If you are employed:

1. Your last three month’s payslips
2. Your last two years tax assessments and Employers Reference/Contract of Employment
3. Your last three month’s personal bank statements
4. Full credit report

If you are self-employed:

• Your last three year’s accounts and personal tax returns
• Your last three month’s business and personal bank statements
• Full credit report

Example mortgage payments
If, for example, your net monthly income is 15,000, 50% of this equates to 7,500. If your only liability is your mortgage payment, of say 3,500, this would leave a balance of 4,000 for your Dubai mortgage repayment.

What types of Dubai mortgages are available?

For our latest rates and to see the different types of Dubai mortgages on offer, please contact us.

Loans taken out in Arab Emirates Dirhams are available up to 70% of the property’s value.

The maximum term of any mortgage is 25 years or age 70, this varies on the type of loan.

Repayment mortgages only

The minimum loan you can take out is 250,000 AED