Based on your income and liabilities, you may borrow up to 7x your salary.

This varies from bank to bank but normally banks will reply with initial observations and requests within 2 working days. Once additional documents have been provided, or additional questions have been addressed, the turnaround time to receive a pre-approval is usually between 5-7 working days.

For expat residents (first-time buyer): 20% For UAE nationals (first-time buyer): 15% For expat residents (second-time buyer): 40% For UAE nationals (second-time buyer): 35% There are exceptions to the rules though, some of the banks allow 2nd-time buyers, 20% and 15% deposits for expats and locals, respectively, if their existing mortgage is under 60% LTV.

This is a guide based on averages. For exact terms, speak to our licensed mortgage consultants.

For Salaried Employees: Passport Copy with valid UAE visa, Emirates ID (front and back), Salary Certificate (dated within 30 days), Last 6 Months Bank Statements, Last 3 Months Payslips, Credit Report (from Al Etihad Credit Bureau – AECB). Proof of Down Payment (bank statement or deposit slip) For Self-Employed Individuals: All the above, plus: Trade License or Commercial Registration, Company Bank Statements (6–12 months), Audited Financial Statements (last 2 years)