Helping You To Finance Your Investments

Rates differ greatly between banks and will depend on the customer's individual profiling and whether they're salaried or self-employed.

Yes, subject to individual client profiling as always. Maximum loan-to-value available for non-residents would be 60% funding, with rates starting from 3.89% for a 3-year fixed rate.

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 banks allow second-time buyers to secure deposits of 20% (expats) and 15% (locals) if their existing mortgage is under 60% LTV.

For salaried applicants: ID documents, salary certificate, 6 months' payslips, 6 months' bank statements, and details of existing liabilities.

For self-employed applicants: ID documents, company documents (trade licence, incorporation documents, memorandum of association, shareholders certificate, etc.), audited accounts and/or 12 months business bank statements, 6 months' personal bank statements, and details of existing liabilities.

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 addressed, the turnaround time to receive a pre-approval is usually between 5-7 working days.