Mortgage Calculator

Rates differ greatly between bank to bank and will all depend on the customer's individual profiling and whether they are salaried or self-employed.

Yes subject to individual client profiling as always. Maximum loan-to-value available for non-residents would be 60% funding with the rates at this level starting from 4.99% for a 3-year fixed rate.

For expat residents (first-time buyer): 20%
For UAE nationals (first-time buyer): 15%
For expat residents(second-time buyer): 40%
For UAE nationals (second-time buyer): 35%
There are exceptions to the rules though, some of the banks allow 2nd-time buyers, 20% and 15% deposits for expats and locals, respectively, if their existing mortgage is under 60% LTV.

For salaried applicants: ID documnets, salary certificate, 6 months' payslips, 6 months' bank statements and details of existing liabilities.
For self-employed: ID documents, company documents (trade license, incorporation documents, memorandum of association, shareholders certificate, company profile, etc), audited accounts and/or 12 months business bank statements, 6 months' personal bank statements and details of existing liabilities.

This variees from bank to bank but normally banks will reply with initial observations and requests within 2 working days. Once additional questions have been addressed, the turnaround time to receive a pre-approval is usually between 5-7 working days.