Understanding Resident Mortgage Requirements in Dubai:

Here’s a quick guide to what residents need to know:

Down Payment: A minimum of 20% down payment is mandatory.

Salary Requirements: A minimum salary of AED 10,000 per month, but more options become available if you earn over AED 15,000.

Employment Tenure: At least 6 months with your current employer, with options opening up after 1 month.

Business Trading: For the self-employed, a minimum of 3 years, with options after 6 months if certain conditions are met.

Liabilities: Keep your credit cards, personal loans, and auto loans as low as possible; they impact your eligibility.

Recent Loans: Recent personal loans could affect your application.