Home Loans in Dubai – Your Path to Home Ownership

1. What is the minimum salary required for a home loan in the UAE? While this varies between banks, most lenders in the UAE look for a minimum monthly salary of AED 15,000 for salaried individuals. Self-employed applicants may face different criteria. We can assess your specific situation and guide you to the right lender.

2. How long is a mortgage pre-approval valid for? A mortgage pre-approval in the UAE is typically valid for 30 to 60 days, depending on the bank. It’s a crucial step that we provide expert guidance on, as it confirms your budget and makes you a serious buyer in the market.

3. Can I get a home loan in Dubai if I am self-employed? Yes, it is possible for self-employed individuals to secure a home loan. Banks will typically require 2-3 years of audited business financials and a strong credit history. Our team has extensive experience in structuring applications for self-employed clients to maximize their chances of approval.

4. What are the total upfront costs besides the down payment? On top of your down payment, you should budget for an additional 6-8% of the property price to cover costs like the 4% DLD (Dubai Land Department) fee, trustee fees, bank processing fees, and valuation fees. We provide full transparency on all these costs from the very beginning.

5. Why should I use a mortgage consultant instead of going directly to a bank? Going directly to one bank gives you only one option. As mortgage consultants, we work with a wide network of leading UAE lenders. We compare the entire market for you, finding the best interest rates and terms that suit your profile. We manage the application process, handle the paperwork, and save you time and money, all while providing unbiased, personalized support.