Key Points in 15 Seconds
- Minimum income: AED 10,000-15,000/month for salaried employees
- Down payment: 20-25% for expats, 15-20% for UAE nationals
- Employment tenure: Minimum 6-12 months with current employer
- Debt-to-income ratio must not exceed 50% per UAE Central Bank rules
Understanding UAE Mortgage Requirements
UAE mortgage requirements are established by the Central Bank of UAE and individual bank policies. Meeting these requirements is the first step toward home ownership. Requirements vary based on your nationality, employment type, and the property you wish to purchase.
This guide covers the standard requirements across major UAE banks. Individual banks may have additional criteria or more flexible terms for certain profiles.
Income Requirements
Salaried Employees
- Minimum salary: AED 10,000-15,000 per month
- Salary must be transferred to a UAE bank account
- Bonus and allowances may be partially considered
Self-Employed
- Higher income thresholds (AED 25,000-50,000+)
- 2+ years of audited financial statements
- Valid trade license and company registration
Debt-to-Income (DTI): Per UAE Central Bank regulations, your total monthly debt obligations (including the new mortgage) should not exceed 50% of your gross monthly income.
Employment Requirements
Salaried Employees
- 6-12 months with current employer
- Permanent or long-term contract
- Valid employment visa
Business Owners
- 2+ years business operation
- Valid trade license
- Audited financial statements
Down Payment Requirements
Down payment requirements are set by UAE Central Bank and vary by nationality:
UAE Nationals
15-20%
First property
Expat Residents
20-25%
First property
Non-Residents
35-40%
All properties
Property Requirements
- Property must be in areas where your residency status allows ownership
- Developer must be approved by the financing bank
- Property must pass bank valuation requirements
- Clear title deed or approved sale agreement for off-plan
Documentation Overview
You'll need to provide identity documents, income proof, employment verification, and property documents. The exact requirements depend on your employment type and residency status.
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Related Resources
Frequently Asked Questions
What are the basic requirements for a UAE mortgage?
What income is required for a mortgage in UAE?
How long must I be employed to get a UAE mortgage?
Do I need UAE residency for a mortgage?
What property types qualify for mortgages in UAE?
This content is not financial advice. Please consult a licensed financial advisor before making borrowing decisions.
LeoCompare may receive referral commissions from partnered financial institutions. This does not influence the information presented.
Reviewed by the LeoCompare Editorial Team – specialists in UAE home financing content.
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