Mortgage Calculator
Estimate your monthly payments and discover financing options that align with your budget and goals.
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Mortgage services in Dubai
Speak with our team of in-house mortgage experts today, and they will help you find the best mortgage deals available.
How much can I borrow?
Your borrowing limit is typically calculated as up to 7 times your annual salary, but the final amount depends on the lender’s criteria. Factors such as existing loans, credit card debts, and other financial commitments can impact the maximum mortgage amount you qualify for. Each bank has its own policies, so our team at Luxury Invest Group can help you assess your eligibility and find the best mortgage options for your situation.
What mortgage rates should I expect in the UAE?
Interest rates in the UAE vary depending on the lender, the type of mortgage, and your financial profile. Whether you’re salaried or self-employed, rates will be tailored to your risk profile, income stability, and loan-to-value ratio. Mortgage rates in the UAE can be fixed, variable, or hybrid, with competitive rates available from both local and international banks. Our mortgage advisors can help you compare the latest rates and find the most cost-effective financing option.
Can non-residents get a mortgage in the UAE?
Yes, non-residents can apply for mortgages in the UAE, subject to eligibility criteria. Most banks offer a maximum loan-to-value (LTV) of 60% for non-residents, meaning you’ll need to provide a minimum 40% deposit. Interest rates for non-resident mortgages start from around 3.89% for a 3-year fixed rate, but this may vary depending on your financial profile and the lender’s requirements. Luxury Invest Group can connect you with the best non-resident mortgage providers and assist in securing financing that meets your needs.
What is the minimum deposit required?
The minimum down payment depends on whether you are a UAE national or an expatriate and whether this is your first or second property purchase.
- UAE nationals (first-time buyers): 15% deposit
- Expat residents (first-time buyers): 20% deposit
- UAE nationals (second-time buyers): 35% deposit
- Expat residents (second-time buyers): 40% deposit
Some banks make exceptions, allowing 20% deposits for second-time expat buyers and 15% for UAE nationals, provided their existing mortgage is under 60% LTV. Our mortgage specialists can help you explore financing solutions that align with your deposit capacity.
What documents do I need for a UAE mortgage?
The required documentation varies depending on whether you are salaried or self-employed:
For salaried applicants:
- Valid passport, visa, and Emirates ID
- Salary certificate from your employer
- Six months’ payslips and bank statements
- List of existing financial commitments (loans, credit cards, etc.)
For self-employed applicants:
- Valid passport, visa, and Emirates ID
- Trade license and company incorporation documents
- Memorandum of association and shareholder certificates
- Audited financials and/or 12 months of business bank statements
- Six months of personal bank statements
- List of existing financial commitments
Each lender may have slightly different requirements, and we can assist you in preparing all necessary documents to streamline the application process.
How long does it take to get a mortgage pre-approval?
The pre-approval timeline depends on the lender, but most banks provide an initial response within 2 working days. Once all required documents are submitted and reviewed, final pre-approval typically takes 5 to 7 working days. Luxury Invest Group works closely with top mortgage providers to ensure fast and efficient approvals, keeping your property purchase on track.
Mortgage Calculator
Navigating property financing is easier with the right tools. Our mortgage calculator allows you to quickly estimate monthly payments, interest costs, and repayment timelines, giving you a clear picture of what to expect. Whether you’re buying your first home or expanding your investment portfolio, this calculator helps you make informed decisions with confidence. Adjust loan amount, interest rate, and term to find a mortgage plan that suits your financial needs, and get one step closer to securing your property in Dubai.
