Question 1

What is the minimum salary for a mortgage in Dubai?

Accepted Answer

Most UAE banks require a minimum monthly salary of AED 10,000–15,000 for salaried applicants, though a few accept AED 8,000. Self-employed applicants typically need to show equivalent average monthly income through bank statements. Your total monthly debt payments, including the new mortgage, must also stay within 50% of your gross monthly income under UAE Central Bank rules.

Question 2

How much does a mortgage broker cost in Dubai?

Accepted Answer

Mortgage brokers in Dubai typically charge 0.3%–1% of the loan amount, and some work free of charge to the client because banks pay them a commission. ASK Mortgage Advisor's initial consultation and eligibility assessment are always free, with any fees agreed transparently before you commit.

Question 3

Can I get a 100% mortgage in the UAE?

Accepted Answer

No. UAE Central Bank rules require a minimum down payment: 20% for expat residents (15% for UAE nationals) on properties under AED 5 million, 30% above AED 5 million, and 40% for non-residents. You must also cover roughly 7–8% in purchase fees on top of the down payment.

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