There are multiple factors that determine your qualification for certain mortgage options. These include residency and nationality, income and employment type, and liabilities, to name a few.

Your mortgage consultant should be able to walk you through each mortgage option in detail, explaining the various features, and why they think it will be best for your personal circumstances.

The bank fees associated include a bank valuation fee, ranging from AED 2000-5000, plus an additional processing fee of up to 1% of the mortgage amount.

The minimum downpayment starts from 15% of the property price, depending on your profile and the property's value.

The Dubai Land Department will charge 0.25% of the mortgage amount as a mortgage registration fee.