For resident mortgage on a property worth less than AED 5 million, UAE nationals need to make a down payment of at least 15% of the total value, and non-UAE nationals need to make a down payment of at least 20%, along with other purchase-related costs. For property worth more than AED 5 million the down payment rate goes up to 30% and 40% if you are buying your second property.
Do not worry; Payless4Mortgage can assist you with the entire resident mortgage process, from pre-approval to property finalisation, to mortgage approval, we’ll be there at every step. So, contact us now, and let our experts handle all the complications for you.
