As an expat, you’ll need a minimum deposit of 20% for properties valued under AED 5 million. If the property costs more, the deposit increases to 30%. For UAE nationals, the minimum starts at 15%.

Most banks require expats to have a minimum monthly salary of AED 15,000 to qualify for a mortgage. However, some lenders may work with slightly lower incomes depending on your overall financial situation and loan amount.

Interest rates depend on the mortgage type and market conditions:

• Fixed-Rate Mortgages: Rates usually range between 3% to 5% per year, offering stability for a set period (e.g., 1–5 years).
• Variable-Rate Mortgages: These are tied to the Emirates Interbank Offered Rate (EIBOR) and may rise or fall over time based on market trends.

Getting a mortgage in Dubai is easier with the right support. At Holo, we start with a quick, free eligibility check that won’t impact your credit score. Your personal case manager then handles everything while you track progress and upload documents through the Holo portal. We take care of the rest, ensuring a smooth and stress-free approval process.

A mortgage loan is a type of loan used to purchase property, where the property itself serves as security for the loan. In simple terms, you borrow money from a lender (like a bank) to buy a home, and in return, you agree to repay the loan in monthly installments, which include both the principal amount and interest. If you fail to repay, the lender has the right to take ownership of the property. Mortgages make it possible to own a home without paying the full price upfront.