AE

Imagine you want to buy a new home in Dubai. That's pretty exciting for anyone, right? But here's the thing – coming up with all the cash you need upfront can be tough. Don't worry, though! Getting a mortgage or a home loan in Dubai can make it much easier. Instead of paying everything at once, you can manage your payments over time.

Now, whether you're living in the UAE, from another country, working for a company, or running your own business, there are some bank requirements for mortgage application approval you need to follow them. This guide will help you understand what documents you'll need to apply for a mortgage in different cases. Let's make your dream of owning a home in Dubai a reality!

Bank Requirements for UAE Residents

For a mortgage, there are some requirements from the Bank of UAE for the nationals or residents of UAE. The Documentation required for the mortgage approval is listed below,

Eligibility Criteria

For salaried employees, a minimum of 6 months in their current job is typically required.
Self-employed individuals are generally expected to have been operating their business for at least 2 years.

Moreover, in addition to these documents, banks also verify the identity, residency, employment status, and financial position of the lender for trustworthiness. Common documents for pre-approval for both Salaried and Self-Employed These documents are typically required during the mortgage application process for the nationals of UAE to assess your financial situation and eligibility. The Home loan eligibility criteria for ex-pats which are very similar to the eligibility criteria of UAE residents are listed below, Common documents for pre-approval for both Salaried and Self-Employed You can explore more for the understanding of applying for mortgage applications in the bank. The typical Mortgage application process has also some bank requirements for mortgages for foreigners or non-residents of the UAE. The required documents are listed below, Common documents for pre-approval for both Salaried and Self-Employed If you directly go to a bank or through a for the application process then the bank gives to a list of required documents which they needed. These documents must be sent or you can WhatsApp them to the selected broker or bank to further examine the documents. After examination of documents, may be little mistakes found (Leading to numerous exchanges and discussions), which causes the delay of the application approval process. we've covered the eligibility criteria for both the pre-approval and final approval stages of the mortgage application process, focusing on UAE residents, UAE non-residents, and expats. These criteria are vital in meeting the bank requirements for mortgage applications. Understanding these prerequisites is key to making your dream of homeownership in the UAE a reality.

Pre-approval	Final approval
Salaried	Self-Employed	Fully Filled Mortgage Application
Current salary certificate	a valid copy of your trade license	Facility Approval Proof
Pay slips from the past 3-6 months	Memorandum of Association (MOA) with all updates	Executed Purchase Agreement (Form F + MOU)
If you've been in your current job for less than 3 years, show proof of your previous employment

Pre-approval	Final approval
Salaried	Self-Employed	Fully Filled Mortgage Application
Current salary certificate	a valid copy of your trade license	Facility Approval Proof
Pay slips from the past 3-6 months	Memorandum of Association (MOA) with all updates	Executed Purchase Agreement (Form F + MOU)
If you've been in your current job for less than 3 years, show proof of your previous employment

Pre-approval	Final approval
Salaried	Self-Employed	Fully Filled Mortgage Application
Current salary certificate	Company establishment document	Facility Approval Proof
Pay slips from the past 3-6 months	Memorandum of Association (MOA) with all updates	Executed Purchase Agreement (Form F + MOU)
If you've been in your current job for less than 3 years, show proof of your previous employment

Bank Requirements for Mortgage Application in UAE

Bank Requirements for Mortgage Application in UAE

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Bank Requirements for UAE Residents

Eligibility Criteria

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Pre-Approval & Final Approval Documents for Residents

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