What is the minimum salary for a home loan in Dubai?

What is the minimum salary for a home loan in Dubai?

Do note that the minimum salary for a home loan in Dubai can vary based on the bank. Some banks allow UAE nationals with a monthly income of at least AED 8k to apply for home loans in Dubai, but it is largely subjective to bank policies.

Can an expat get a mortgage in UAE?

In recognition of this trend, the mortgage market in the UAE is now well-established, with international and local lenders offering home loans to expats. Both residential and buy-to-let mortgages are available to foreign nationals living in the UAE, although their criteria vary. Should you buy property in the UAE?

Who can qualify for mortgage in Dubai?

WHO CAN QUALIFY FOR MORTGAGE IN DUBAI? Whether you want to buy an apartment in Dubai or are more inclined towards a villa or townhouse, you can easily secure a home loan for it, given you meet the eligibility criteria. You can apply for a mortgage in Dubai if you are: Have a monthly income of AED 15K (salaried) and AED 25k (self-employed)

How much down payment is required for a mortgage in Dubai?

If you already own a mortgaged property, the minimum down payment required goes up to 35% for UAE nationals and 40% for expats. There you have it – everything you need to know about how to get a mortgage in Dubai.