Residential Mortgage (Ready Homes)
A residential mortgage enables salaried individuals, self-employed residents, and property buyers to purchase ready-to-move freehold or designated leasehold property across Dubai and the UAE.
Key Regulatory Parameters
Reviewed: 2026-10-21What It Is
A ready property mortgage is designed for completed homes with an existing Title Deed. UAE banks advance funds against an independent valuation, secured by a first charge mortgage registered with the respective land department.
Key Features & Structure
- Maximum LTV up to 80% for expatriate residents (AED 5M and below) and 85% for UAE Nationals.
- Choice between initial fixed-rate stability (typically 1–5 years) or variable EIBOR-linked structures.
- Loan tenures available up to 25 years (subject to retirement age limits).
- Finance available for primary residences and ready investment properties.
Who It Suits
Expatriate residents and UAE Nationals purchasing a completed apartment, townhouse, or villa in freehold zones.
Important Things to Consider & Risks
- Upfront transaction fees in Dubai (DLD 4%, trustee, agency, valuation) typically total around 6% to 7% of property value on top of the minimum down payment.
- Variable interest/profit rates after any fixed term will fluctuate with EIBOR.
- Lenders mandate property insurance and mortgage life insurance.
Typical Documents Required
- Valid Passport, UAE Residence Visa and Emirates ID
- Salary certificate directed to lender and last 6 months payslips
- Last 6 months personal bank statements showing salary credits
- Credit report from Al Etihad Credit Bureau (AECB)
- Signed MOU (Form F) and copy of property Title Deed
Estimate Your Monthly Payments
Use our client-side calculator to model repayment scenarios under CBUAE rules.
Frequently Asked Questions
Under Central Bank regulations, expatriates need a minimum 20% down payment for ready properties valued up to AED 5 million (80% maximum loan). UAE Nationals require a minimum 15% (85% maximum loan). Properties above AED 5 million require 30% for expats and 25% for nationals.
Yes. Securing an in-principle mortgage pre-approval before signing Form F (MOU) ensures you know your borrowing limit and protects your 10% deposit cheque.
The maximum tenure allowed under Central Bank guidelines is 25 years, subject to maturity age caps (typically 65 for salaried expats and 70 for self-employed/nationals).