To arm with the proper knowledge and understanding of real estate, we at HJ real estate provide free mortgage advice to our clients. You can confidently embark on your homeownership journey with us. At HJ Real Estate, we prioritize your needs when it comes to understanding the mortgage in Dubai process in detail. Our commitment to unbiased financial advice ensures you receive recommendations aligned with your goals and financial capacity.

Explore your financing options using our Dubai mortgage calculator. Estimate monthly payments, analyze interest rates, and determine down payment requirements – all at your fingertips.

Securing mortgage approvals should be a simple process. As the best mortgage broker in Dubai, we aim to simplify the approval process, ensuring that the journey to securing a mortgage is straightforward and stress-free regardless of your property venture.

We take a comprehensive approach to mortgage solutions, collaborating with an extensive network of lenders. Our commitment is to work in your best interests rather than ours, ensuring that the mortgage rates we secure in Dubai are tailored to optimize your financial well-being.

Your borrowing capacity is determined by various factors such as income and past credit history and varies from bank to bank.

Individuals who are not citizens of the UAE and expatriates must provide a deposit amounting to 25-35% of the property’s value, which rises to 50% for off-plan properties. A minimum down payment of 40% is mandated when acquiring a second or third property.

Mortgage cost depends on property value, interest rate, deposit, and repayment duration. Interest rates typically range from 3.49% to 7%. You can use a mortgage calculator in Dubai to get a better idea.

Yes, you have the option to do so. Yet, our expert mortgage advice recommends you to initiate negotiations with your existing bank for a potential rate reduction initially, as they would prefer to retain you as their customer.

An early mortgage settlement is possible. It’s important to note that various lenders have distinct terms regarding early payment.

When acquiring directly from developers, fees include Title Deed issuance (AED 520), administration fee (AED 4,200), and 4% of the property value payable to the Dubai Land Department. Financed properties incur a Mortgage Registration Fee (0.25% of mortgage value + AED 290 admin fees). Service fees for maintenance vary based on property size, and utility setup (DEWA) costs range from AED 2,300 (apartment) to AED 4,000 (villa).

Under the capital and interest repayment mortgages, the borrower pays an equal monthly installment (EMI) against the money and the interest for the pre-agreed timeframe. The initial years of the loan period mostly have a higher interest rate. The repayment period can extend to 25 years or until age 65 for salaried ex-pats (70 for UAE nationals and self-employed ex-pats), whichever comes first.

Alternatively, interest-only repayments, common for financing off-plan properties, allow borrowers to pay only the interest on borrowed capital for up to five years. It offers flexibility as the borrower can repay interest at a fixed or variable rate.

The insurance needed for a mortgage in Dubai is life insurance. Banks and lenders usually insist on purchasing their in-house life insurance policy to mortgage the funds they lend.