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Mortgage Services
Helping Expats Secure Mortgages in the UAE
Buying property in the UAE can be complex, especially for expats. Our mortgage service is designed to simplify the process, whether you’re buying a new home to live in or looking to refinance an existing property. We handle every step, from initial application to final approval, making it easier for you to secure a mortgage that fits your needs.
Why Choose Our Mortgage Services?
- Whole-Market Access: We have access to all UAE mortgage lenders, which allows us to compare a broad range of offers and find a deal that’s right for you.
- End-to-End Digital Application: Apply, track, and manage your mortgage application through our digital platform, designed to make the process as smooth as possible.
- Dedicated Mortgage Broker: Our dedicated mortgage brokers are available for any questions or guidance you may need along the way. From bank requirements to understanding your repayment terms, we’re here to support you.
What’s Included in Our Service?
01
Complete Application Management
We manage the entire mortgage process, keeping you informed and ensuring all paperwork is in order. Your broker will handle lender negotiations, document submissions, and provide updates on each step.
02
No Additional Costs
Our service doesn’t add any extra cost to you. A 2% fee on the property value is paid to your real estate agent, of which we receive a percentage. Other costs like bank fees, valuation fees, and government charges are standard fees in the UAE, and we’ll break these down in detail for you.
03
Full Transparency on Fees
- Bank Valuation: AED 2,000–3,000
- Bank Processing Fee: 0–1% of the mortgage amount
- Dubai Land Department/Abu Dhabi Municipality Fees: Standard for property transactions
- Mortgage Registration Fees: Required for all mortgage-backed purchases
Note: In some cases, a portion of your fees can be included in your mortgage.
Common Questions Answered
Do I need life insurance?
Yes, life insurance is mandatory. Most banks will require you to arrange this insurance with them before releasing mortgage funds.
Can I buy a property with my spouse?
Yes, co-ownership with a spouse is possible as long as you can demonstrate repayment capability. Some lenders may request your marriage certificate.
What is EIBOR, and how can I check it?
EIBOR (Emirates Interbank Offered Rate) reflects the interest rate at which UAE banks lend to each other. You can check current rates on the Central Bank’s website.
How long is a mortgage pre-approval valid?
Pre-approval typically lasts 60 days, though this varies by lender. Some offer 30- or 90-day pre-approvals.
Can I take out a personal loan for my down payment?
No, UAE Central Bank regulations prohibit using personal loans for down payments. However, you may have the option to cover a percentage of fees within your mortgage if needed.
Are mortgages available for off-plan properties?
Yes, but options for off-plan properties are more limited. Most are restricted to projects by well-established developers. In many cases, off-plan buyers enter payment plans with developers and take a mortgage on the remaining balance at handover.
What types of properties can I buy?
You can buy residential properties like apartments, townhouses, and villas. If you’re interested in a commercial mortgage, different financing options are available.
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