Purchase price

300,000 AED
200,000,000 AED

Residency status

  • UAE national
  • UAE resident
  • Non-resident

Down payment

  • 20%
  • 240,000 AED
  • 960,000 AED

Loan amount

  • 80%
  • 240,000 AED
  • 960,000 AED

Loan period

  • 1 year
  • 25 years

Interest rate

  • 1%
  • 10%

Estimate your monthly mortgage payment

Monthly payment
4,936 AED
with interest rate of
3.75%

Why thousands of home buyers trust us with their mortgage needs

We work for you, not the bank

10 minutes
90% of inquiries submitted between 9 AM – 6 PM receive a call within 10 minutes

4.9
Customer reviews from 1000+ people

5,000 AED
Average savings with 0 fees

100,000+
Happy clients we served

6 steps to get your place

  • Planning

Start by saving for your deposit: 15% for locals, 20% for expats, and 40% for non-residents or second property buyers. Remember to budget for extra costs like agent fees (2%), transfer fees (4%), and other expenses such as trustee office, mortgage registration, and valuation.

  • Get pre-approval

We collect all the necessary details to determine your borrowing limit. You receive our mortgage recommendations tailored to your specific financial needs. We send the required documents for submission to the bank and handle any queries from it on your behalf, saving you the hassle.

  • Find property

If you're still searching for your dream home, explore properties within your pre-approved range on Property Finder with insights on buildings, communities, and other pertinent information.

  • Offer and valuation

Upon finding the ideal property, make an offer. If accepted, the agent will draft an MOU (Memorandum of Understanding). Ensure Mortgage Finder's advisor reviews it. The agent supplies all necessary documents and property access details. After you pay the valuation fee, we handle the rest with the lender.

  • Final disbursement

We'll assess your valuation report and final offer letter. Set up a bank account for mortgage payments; we'll advise on the amount. Sometimes, a manager’s cheque and bank-required life insurance are necessary. Lastly, secure an NOC from the developer to ensure no seller debts and possibly a liability letter.

  • Get those keys

We will liaise with all parties involved to arrange a suitable day for the transfer of the property. Congrats, home owner!

Rated 4.9 out of 5!

by 1100+ people

I would like to thank Mr Omar and Marry for their hard work, honestly, professionalism and continues support. It was a long journey, they were with me in every step which made the process so easy.

Tarek Bassam
28 Oct 2023

Surely recommending to the new buyers in Dubai. The Team is so supportive and experienced. Special thanks to Youhanna for his excellent follow up and valuable directions during the process of buying the property.

Oral Bozkurt
02 July 2023

Brendan and Chetna really made the whole process much less stressful. We were guided throughout the process and they were always available to answer our questions. I will definitely use them again in future.

Ben Montila
04 Nov 2023

Excellent service!! All details and steps have been clearly explained, everything is on time, constant support and help resolving challenges! Definitely, I am recommending Mortgage Finder to everyone!

Alexy Supov
10 Oct 2023

Ian, Manini and the rest of the team did an incredible job helping me to get a loan for my apartment. They provided me with step by step process and were reachable to answer any of my questions.

Ekaterina Pryakhina
12 Oct 2023

Frequently asked questions

  1. What documents are required to get pre-approved?

Documents required can differ depending on your circumstances, but our mortgage advisors will be able to discuss this with you. In general we will require the following documents for your mortgage:

  • Copy of your passport, visa and Emirates ID;
  • Salary certificate addressed to ‘Mortgage Finder’;
  • Last six months payslips and bank statements;
  • Latest credit card statements;
  • Proof of your current address – copy of DEWA bill or tenancy agreement.
  1. Which bank should I choose?

At the beginning you don’t need to choose, but let us explain why. When approaching a bank directly they will not necessarily have the best mortgage offer for your situation and they will be focused on showing you the benefits of their product. If you consult a mortgage broker, like Mortgage Finder, our team are able to look at mortgage products across the UAE from different banks to offer you the best one for your situation and also share the pros and cons of them with you, so you can make an informed decision.

  1. Which mortgage options can Mortgage Finder help with?

In the UAE there are many types of mortgage products available. Below are mortgage types Mortgage Finder can help with:

  • Residential and commercial mortgages;
  • Mortgages for residents and non-residents;
  • Mortgage products across all available mortgage providers (e.g. fixed and floating rates, interest only mortgages etc)
  1. Should I get life and building insurances?

Life and building insurances are necessary under any circumstances. Without it, you won't be granted a mortgage.

  1. Why might I not qualify for a mortgage?

Some reasons for not qualifying for a mortgage in the UAE can include:

  • Low Income: Insufficient earnings for mortgage payments. As a general rule, UAE lenders require borrowers to have a minimum income of 10,000 AED per month.
  • High Debt: A high debt-to-income ratio.
  • Low Down Payment: Inadequate upfront payment.
  • Employment Stability: Lenders assess your employment history for stability.
  • Age Restrictions: Age might affect eligibility.
  • Incomplete Documents: Missing or inaccurate paperwork.
  • Legal Requirements: Checking your legal status and residency for eligibility.
  1. Can I get a mortgage if I live outside UAE?

Yes, it is possible to get a mortgage in the UAE even if you live outside of the country. Non-residents might be required to provide a 50% down payment.

  1. How long will it take to get my pre-approval?

The mortgage pre-approval process is the first step in getting a mortgage and can take up to 5 working days. However, it is worth noting that securing pre-approval may take longer depending on the bank used and the complexity of your case.

  1. What happens if I miss a mortgage payment?

If you do not repay the debt within the specified period, the bank will additionally require you to pay a penalty. It is calculated from the day following the payment due date. Filing a lawsuit and property seizure are extreme measures. The bank will resort to them if the borrower does not repay the debt for an extended period of time.

  1. What should I do if I begin to struggle to repay my mortgage?

Banks will often do what they can to support the borrower and there 'may' be plans/arrangements that you can negotiate to help manage the situation. However in all circumstances, it is important to get in touch with them as early as possible to avoid penalties and missed payments. The following circumstances are genuinely considered valid reasons for banks to consider offering help:

  • Reduction or termination of employment due to health reasons or company closure.
  • Salary reduction.
  • Forced medical expenses for the borrower or their family.
  • Emergency situations causing significant financial damage.
  1. Can I close the mortgage ahead of schedule?

In general most banks will charge a penalty for settling the mortgage early, but this will vary from one bank to another. In most cases the penalty will range from 0% – 3% of the outstanding mortgage balance but this will depend on whether the mortgage is being repaid by your own funds, being sold or being refinanced by another bank.