BY Money Maestro • December 8, 2025

Buying a home in the UAE is a dream for many residents and expats. Whether you’re purchasing your first property or upgrading to a new one, understanding how to qualify for a mortgage is the key to a smooth approval process. At Money Maestro, we guide homebuyers through every step — from eligibility checks to final approval — ensuring you get the best deal possible.

1. Understand the Basic Eligibility Criteria

Before applying for a mortgage, it’s essential to know the bank’s requirements. In the UAE, eligibility often depends on:

  • Age: Usually between 21 and 65 years at loan maturity.
  • Employment: Minimum 6–12 months of stable income or business stability for self-employed.
  • Minimum income: AED 10,000+ monthly salary.
  • Residency status: UAE nationals and expats can apply, though expats may need more documentation.

2. Maintain a Healthy Credit Score

Your credit score plays a major role in determining your mortgage eligibility. A strong score (700 or above) shows lenders you are reliable.

To improve your score:

  • Pay bills and credit cards on time.
  • Keep your debt levels low.
  • Avoid multiple loan applications at the same time.

Money Maestro experts can also review your credit profile and guide you before applying.

3. Prepare the Required Documentation

Banks need a clear financial picture before approving your mortgage. Common documents include:

  • Passport, Emirates ID, residence visa.
  • Salary certificate or trade license.
  • 6–12 months of bank statements.
  • Proof of any existing loans or liabilities.

4. Save for the Down Payment

The UAE Central Bank requires:

  • Expats: 20–25% minimum down payment.
  • UAE Nationals: 15–20% minimum.

Saving early increases your chances of approval and may unlock better bank rates.

5. Keep Your Debt-to-Income Ratio Low

Lenders check your Debt-to-Income (DTI) ratio — ideally it should be below 50%. Paying off small loans before applying helps improve approval chances and reduces interest rates.

6. Get Pre-Approved Before You Buy

A mortgage pre-approval helps you know how much you can borrow and makes you a serious buyer in front of sellers. Money Maestro helps clients get fast pre-approvals by connecting them with the right banks.

7. Choose the Right Mortgage with Expert Help

The UAE offers fixed-rate, variable-rate, and Islamic finance mortgage options. Money Maestro helps you compare banks, understand terms, and pick the best deal for your long-term goals.

Final Thoughts

Qualifying for a mortgage in the UAE requires financial planning and expert support. With Money Maestro, you don’t navigate the process alone — our team compares offers, simplifies requirements, and increases your chances of approval.