Navigating the path to homeownership is a significant milestone. We provide clear, tailored mortgage solutions to fit your unique financial situation. Our experts will guide you through every step, from initial pre-approval to final closing, ensuring you secure the best possible terms for your new home.
Navigating the mortgage process can be complex, but you don’t have to do it alone. For thousands of successful home buyers, we are the trusted partner that makes the journey clear, smooth, and successful. Here’s why they choose us:
We don’t believe in a one-size-fits-all solution. Our dedicated experts take the time to understand your unique financial picture and homeownership goals, crafting a mortgage plan that is perfectly tailored to your needs.
Gain access to exclusive rates and loan products from our extensive network of lenders. We work tirelessly to find you the most competitive terms, saving you money both now and over the life of your loan.
From pre-approval to closing, we manage the details and paperwork with precision. Our clear communication and expert handling of the process ensure a smooth, predictable, and surprisingly stress-free experience.
No hidden fees or surprises. We provide clear, upfront explanations of all costs and terms, and our team is always available to answer your questions, ensuring you feel confident and informed at every step.
To be eligible for a mortgage in the UAE, applicants generally must:
Be at least 21 years of age (and under 65 at the time of loan maturity).
Have a minimum stable monthly income, typically starting from AED 15,000 for expatriates and AED 10,000 for UAE nationals.
Provide proof of income (e.g., salary certificates, bank statements).
Pass a credit history check from the Al Etihad Credit Bureau (AECB).
The maximum mortgage amount depends on whether the property is for investment or owner-occupation and your nationality:
For UAE Nationals: Up to 80% of the property’s value for the first property.
For Expatriates: Up to 75-80% for properties valued below AED 5 million, and up to 65% for properties valued above AED 5 million.
For Off-Plan Properties: Typically up to 50% of the property value during the construction phase.
Our advisors will calculate your precise eligibility based on your income and financial commitments.
We offer two main types of interest rates:
Fixed-Rate Mortgage: Your interest rate and monthly payment remain constant for an initial period (typically 1-5 years), protecting you from market fluctuations. After this period, the rate converts to a variable rate.
Variable-Rate Mortgage: Your interest rate is linked to the UAE Central Bank’s EIBOR rate and can change throughout the loan term, meaning your monthly payments may go up or down.
When budgeting for a property, you should also account for:
Mortgage Registration Fee: 0.25% of the loan amount + AED 290 admin fee (payable to the Land Department).
Property Registration Fee: 4% of the property purchase price (payable to the Land Department).
Valuation Fee: AED 2,500 – AED 3,500 (to assess the property’s market value).
Mortgage Processing/Arrangement Fee: Usually around 1% of the loan amount.
Life Insurance & Property Insurance: Required to secure the loan.
At Realty Access Mortgages, we strive for efficiency. The initial pre-approval can be obtained within 24-48 hours after document submission. The full approval and property purchase process typically takes 2 to 4 weeks, depending on the complexity of the application and the responsiveness of all parties involved.
Absolutely. We have specialized mortgage solutions for self-employed individuals and business owners. The process involves providing additional documentation, such as audited financial statements for the last 2 years, business bank statements, and proof of trade license validity.
A mortgage pre-approval is a formal assessment from a lender indicating how much they are principally willing to lend you. It is crucial because:
It sets a clear budget for your property search.
It demonstrates to real estate agents and sellers that you are a serious and qualified buyer, strengthening your position when making an offer.
Most banks in the UAE charge an early settlement fee. This is typically a percentage of the outstanding loan balance (e.g., 1%) or a fixed amount. The specific terms will be clearly outlined in your mortgage offer letter. Our advisors will explain these details upfront to ensure there are no surprises.
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