UAE residents
This page covers mortgage conditions for UAE residents on a regular salary. If you own a business or live outside the UAE, see the Self-employed or Non-residents pages.
Mortgage basics
Let's keep it very simple, check out the cards below.
How much can I borrow
Honestly, I won't explain these calculations. They're complex. Just add in your details and you'll see your maximum borrowing limit.
Figures are estimates, and can vary bank to bank.
Who qualifies
You'll generally qualify if:
- you earn AED 10,000+ a month
- you've received at least 1–3 salary payments from your current employer
It's not true that you need to be six months into your employment. Multiple banks can approve you after just one salary payment if you have previous work experience, either in or outside the UAE.
Documentation
- PassportMake sure it's a clear copy
- Emirates IDFront and back
- UAE residence visaDownloaded from the ICP UAE app
- Salary certificateIssued within the last 30 days
- PayslipsLast six months or all payslips since you've joined
- Bank statementsLast six months
If you're applying jointly, both applicants provide these documents.
Upfront costs
Your upfront costs are more than just your down payment. The calculator below includes all fees that you'll have to stump up out of your own pocket.
Figures are estimates. They include 20% down payment for properties less than AED 5M, and 30% for properties valued more, plus approximately 7% in transaction fees.