Frequently asked questions

A residential mortgage is a home loan provided by a bank or financial institution to help you purchase a residential property, such as a villa, apartment, townhouse, or ready home in the UAE. Instead of paying the full property price upfront, you contribute a down payment while the lender finances the remaining amount. You then repay the loan through monthly instalments over an agreed period, subject to the lender's terms and conditions.

Yes, if bank-approved.

Yes, required by UAE banks.

4% Dubai Land Department transfer fee.

Usually 5–10 working days.

Not mandatory but strongly recommended.

Typically AED 15,000+ monthly income.

Yes, fixed rates are available for 1–5 years.

Up to 25 years depending on age and income.

20% for residents (property under AED 5M), higher for non-residents.

Yes, UAE residents and expats can apply subject to bank eligibility.