Buying Guides · 5 min read

First-Time Buyer's Checklist

By: Keystones Mortgage Consultancy · Last Reviewed: 2026-10-21
Article Summary & Key Themes

Essential practical steps every first-time buyer in the UAE should execute from initial budget planning to receiving your keys.

Purchasing your first property in the UAE is an exciting milestone. Following a structured checklist helps prevent unexpected delays and financial surprises.

  1. Check your credit score: Download your AECB credit report through the AECB app and verify that all accounts reflect active, clean histories.
  2. Calculate total cash required: Ensure you have the 20% down payment plus 6–7% for upfront purchasing costs.
  3. Obtain pre-approval: Lock in an in-principle pre-approval before entering negotiations.
  4. Inspect the property thoroughly: Review service charge statements, parking assignments, and maintenance history.
  5. Review the MOU carefully: Ensure the Form F incorporates standard mortgage protection clauses.
Rate Risk Notice: Fixed rates usually last 1–5 years. After that your rate typically follows EIBOR plus the lender's margin, so payments can go up or down.

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1. Check Affordability
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2. Estimate Buying Costs
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3. See Eligibility
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