Your borrowing limit is typically calculated as a multiple of your annual income, often up to approximately seven times your salary. However, the final amount depends on the bank’s lending criteria, your credit profile, and any existing financial commitments such as loans or credit cards. These factors are assessed together to determine your maximum eligible loan amount.

The process begins with understanding your goals, budget, and preferred location. Once suitable properties are identified, viewings are arranged and an offer is submitted. After price agreement, a Memorandum of Understanding is signed and a deposit is placed. The transaction is then completed through the Dubai Land Department, where ownership is officially transferred. Throughout the process, The Ark Real Estate provides guidance on legal requirements, documentation, financing, and final handover to ensure a smooth and transparent experience.

Yes, non residents can access mortgage financing in the UAE, subject to bank approval and client profiling. Typically, non residents may qualify for up to 60 percent loan to value, with interest rates depending on the bank and loan structure. Our advisors can clarify eligibility and suitable options based on your profile.

Minimum deposit requirements depend on residency status and whether you are a first time or repeat buyer.

For expat residents purchasing their first property, the minimum deposit is usually 20%.
For UAE nationals purchasing their first property, it is typically 15%.
For second time buyers, deposits are generally higher, although some banks may offer flexibility if existing mortgages fall below certain loan to value thresholds.

Deposit requirements may vary by bank and individual circumstances.

For salaried applicants, banks usually request identification documents, a salary certificate, recent payslips, bank statements, and details of existing liabilities.

For self employed applicants, additional documentation is required. This typically includes company registration documents, trade licence, financial statements or audited accounts, business and personal bank statements, and liability details.

Exact requirements may vary by bank.

Mortgage pre approval timelines vary by bank, but initial feedback is often provided within two working days. Once all required documents and clarifications are submitted, pre approval is typically issued within five to seven working days.