Our Process

1 Loan Pre-Approval

We'll review your documents, check eligibility, and get a pre-approval from the best-suited bank — often within 48 hours.

2 Property Valuation

The bank will arrange a valuation of the property — and with HUTCH, there’s no charge for this service.

3 Final Offer Letter (FOL)

Once valuation is done and approved, you’ll receive the Final Offer Letter with all terms detailed and locked

4 Disbursement

The approved loan amount is disbursed to the seller or developer per agreed terms

5 Transfer & Registration

We coordinate with all parties to ensure a smooth property transfer and registration with the Dubai Land Department (or other applicable authority).

Frequently asked questions

Who is eligible for a mortgage in the UAE?

Nearly anyone can qualify provided they can demonstrate sufficient income—whether salary, commission or rental income. Banks will assess affordability based on documented income streams

What are the age limits?

Applicants must generally be at least 21 years old. The maximum loan term must end by age 65 for employed expats, and by age 70 for UAE nationals and self-employed expats

Can expats and non-residents get a mortgage?

Yes. Both expats and non-residents can apply. Non-residents need to supply three months’ bank statements showing affordability plus a copy of their passport

What documents are required?

TTypical documentation includes:

Copy of passport, visa and Emirates ID

Employer’s salary certificate addressed to the lender

Last six months’ payslips and bank statements

Latest credit-card statements

Proof of address (DEWA bill or tenancy agreement)

How much down payment is needed?

For properties under AED 5 million: 20% for expats, 15% for UAE nationals

For properties over AED 5 million: 30% for expats, 25% for UAE nationals

What are the typical mortgage rates?

Mortgage rates change monthly, but currently start from around 2.99% and can go up to 4.99%, depending on lender and product type

How is interest calculated on a mortgage?

Interest is calculated daily on the outstanding loan balance in line with UAE Central Bank directives, and collected monthly along with principal repayments under a standard amortization schedule

What is mortgage pre-approval?

Pre-approval is the bank’s conditional agreement to lend you a specified amount, issued as a letter or email valid for 60 days. It confirms your borrowing capacity and strengthens your negotiating position with sellers

What is the process to get a mortgage?

Consult with a mortgage broker for an initial assessment and product recommendation.

Complete the pre-approval application.

Choose a property and submit the formal mortgage application.

The broker liaises with the bank to finalize and set up the mortgage until ownership transfers

How long does it take to get a mortgage?

Pre-approval can take up to 5 working days, though timing may vary by bank and case complexity. Once pre-approved and a property is chosen, the broker manages the remaining process through to completion

What is the difference between Islamic and conventional mortgages?

Conventional: Your repayments include interest charged by the bank as its profit.

Islamic: No interest is charged. Instead, the bank buys the property and leases it back to you, charging rent under a Sharia-compliant structure