Frequently Asked Questions

A mortgage helps you buy property sooner, maintain cash flow, protect savings, and build long-term wealth through real estate ownership.

A conventional mortgage is a standard home loan where a bank provides funds to buy a property, and the borrower repays the amount with interest over an agreed period.

An Islamic mortgage is a Shariah-compliant financing option that does not charge interest. Instead, the bank buys the property and sells or leases it to the customer at a pre-agreed profit.

Islamic mortgages are popular because they follow Islamic principles, offer transparency, and provide ethical and culturally aligned financing solutions.

Both UAE nationals and expatriate residents aged between 21 and 65 can apply, subject to meeting bank income and eligibility requirements.

Mortgages are provided by UAE banks and registered with the Dubai Land Department. Working with a mortgage broker like Money Maestro simplifies the entire process.

The right mortgage depends on your income, lifestyle, future plans, property value, and comfort with fixed or variable interest rates.

Mortgage pre-approval confirms the loan amount you are eligible for before purchasing a property, giving you clarity and stronger negotiation power.

Pre-approval usually takes between three to five working days once all required documents are submitted.

UAE nationals can typically borrow up to 80–85% of the property value, while expatriates may borrow up to 75–80%, depending on bank policy.

The minimum down payment is generally 15% for UAE nationals and 20% for expatriates, excluding additional registration and bank charges.

Any ready property, whether freehold or leasehold, is eligible for a mortgage. Some banks may also finance off-plan or under-construction properties, subject to certain conditions.

Borrowers can choose between fixed-rate mortgages for payment stability or variable-rate mortgages that adjust according to market conditions.

Yes. Mortgage registration with the Dubai Land Department is legally required. Fees are typically 0.25% of the loan amount plus administrative charges.

Banks act as lenders, assessing eligibility, approving loans, setting interest rates, and managing repayment structures.

You should review interest rates, total borrowing cost, early settlement fees, bank reliability, and long-term affordability.

A mortgage broker helps you find the most suitable mortgage options across multiple banks. At Money Maestro, you receive access to various lending criteria tailored to your unique requirements—all under one roof. We compare offers from multiple banks, negotiate better terms, handle the paperwork, and guide you through the entire mortgage journey. With our experienced mortgage brokers and advisors, we provide end-to-end assistance, ensuring your interests are safeguarded and your home-buying journey in the UAE is smooth and stress-free.

Money Maestro offers complete mortgage solutions including pre-approvals, home loans for residents and non-residents, refinancing, equity release, business finance, and Shariah-compliant funding.

Yes, all salaried and self-employed residents can get a mortgage to buy retail spaces or commercial units under the retail banking segment.

People who are working and earning outside the UAE can obtain a mortgage to purchase property in Dubai and the UAE through bank financing under the non-resident mortgage category.