Dubai Mortgage Documentation
For self-employed UAE residents:
- Identification documents (copies of passport, visa, and Emirates identification card)
- Twelve months personal and company bank statements
- Latest credit card statement
- Proof of any other personal and company finance (car/personal/mortgages) facilities
- Company Documents (copies of trade license and last 2 years company audited
financial accounts)
For salaried UAE residents:
- Identification documents (copies of passport, visa, and Emirates identification card)
- Salary letter signed by a named representative of the company and stamped with
company stamp. - Latest six months’ pay slips and personal bank statements.
- Latest credit card statement
Why Choose My Mortgage
01
Tailor-made mortgage solutions across Dubai and other emirates.
02
Dedicated team of specialists at every step of your mortgage loans journey.
03
Avail competitive interest rates and flexible payment plans.
04
Streamlined documentation for instant pre-approvals.
FAQs
Homebuyers in the UAE are required to make a minimum deposit of 20% of the property's value when applying for a mortgage in Dubai and the UAE. This substantial deposit ensures that buyers have a significant financial stake in the property, which can help mitigate risks for lenders.
The minimum salary required to qualify for a home loan in the UAE is usually around AED 12,000.
If you can't pay your mortgage in Dubai, you will be considered a defaulter, which can lead to significant consequences. Initially, late payments may result in penalties and fees, negatively impacting your credit score. If payments are missed for over 90 days, your account could be classified as a Non-Performing Asset (NPA), prompting banks to send recovery agents. Additionally, you may face legal actions, including court proceedings, and potential travel bans
