Typically, your borrowing limit can go up to seven times your annual income, although this may vary by bank. Factors such as existing debts, including personal loans, credit card balances, or other financial commitments, will impact the total amount you’re eligible to borrow.

Pre-approval timelines differ depending on the bank. Most institutions provide an initial response within 2 working days. Once all requested documents and clarifications are submitted, pre-approval is usually granted within 5 to 7 business days.

Yes, non-residents are eligible for property financing in the UAE, based on individual eligibility assessments. Most banks offer up to 60% loan-to-value (LTV) for non-resident buyers. Interest rates for such financing typically start from 3.89% on a 3-year fixed term.

Expat first-time buyers: Minimum 20% deposit
UAE nationals (first-time buyers): Minimum 15% deposit
Expat second-time buyers: Minimum 40% deposit
UAE nationals (second-time buyers): Minimum 35% deposit

Some banks may offer flexible terms for second-time buyers with existing mortgages under 60% LTV, allowing lower down payments (20% for expats and 15% for locals).

For salaried applicants: Valid ID (Emirates ID, passport) Salary certificate Payslips for the past 6 months Bank statements for the past 6 months Details of current liabilities (if any)

For self-employed individuals: Valid ID Company documents (Trade license, MOA, incorporation certificate, shareholder details) Company profile Audited financials or 12 months of business bank statements 6 months of personal bank statements Details of current liabilities