Yes, you can. However, if you are a resident with an existing mortgage, the Loan-to-Value (LTV) ratio for your new mortgage will typically be reduced from 80% to 60%.

No, you can apply for pre-approval even before choosing a property. Having pre-approval can give you an advantage in negotiations by demonstrating your commitment.

Yes, mortgages are available for off-plan properties for the final payment stage. The developer must be approved by the bank, and an Oqood Certificate must be obtained. Generally, the Loan-to-Value (LTV) ratio is limited to 50%, meaning you need to pay at least 50% of the property’s value as a down payment.

The amount you can borrow depends on your residency status and the value of the property.

The maximum Loan-to-Value (LTV) ratio for properties under AED 5 million is:

85% for UAE Nationals

80% for UAE Residents

60% for Non-Residents

Yes! If you’re self-employed, you can still apply for a mortgage. Banks will assess your application based on your company’s structure, financial performance, and overall stability.

The maximum mortgage term in the UAE is typically 25 years, depending on your age at the time of application and the bank’s policy.