Mortgage rates in the UAE typically range between 3% and 5% per year, depending on the bank, your profile, and whether you choose a fixed or variable rate. In addition, UAE Central Bank regulations require a minimum down payment of 20% for expatriates and 15% for UAE nationals when buying a property. Some banks may ask for a higher percentage depending on the property type or value. At Pin Homes, we guide you through these requirements and help you secure the best possible rate for your situation.

The documents vary depending on your employment status and residency, but generally include:

For Salaried Employees

• Passport, visa, and Emirates ID copy
• Salary certificate and recent payslips
• 6 months’ personal bank statements
• Property details (sales agreement, title deed, etc.)

For Self-Employed / Business Owners

• Passport, visa, and Emirates ID copy
• Trade license and company incorporation documents
• 6–12 months’ company and personal bank statements
• Audited financial statements (if required)
• Property details (sales agreement, title deed, etc.)

For Non-Residents

• Valid passport copy
• Proof of income (salary certificate, payslips, or tax return)
• 6 months’ overseas bank statements

Property details (sales agreement, title deed, etc.)

On average, pre-approval takes 3–7 working days once all documents are submitted. Full mortgage approval may take 2–3 weeks, depending on the bank and property. With our expertise and direct bank connections, we help speed up the process and keep you updated every step of the way.

At Pin Homes, we make the mortgage process stress-free. Our team has direct relationships with multiple banks, giving you access to exclusive rates and faster approvals that you may not get on your own. We analyze your profile, recommend the most suitable bank, and handle all the paperwork on your behalf. This not only saves you time but also increases your chances of approval. With Pin Homes, you have a dedicated consultant working for your best interest.