● UAE / GCC Nationals

Mortgages built for UAE & GCC nationals.

In the UAE and across the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE), residential mortgages are widely available to nationals for property purchase. Here are the key points worth knowing.

● Key points to consider

What UAE & GCC nationals should know.

Banks and lenders. Nationals across the UAE and wider GCC typically secure mortgage loans from local banks and financial institutions.
Country-specific rules. Each country has its own regulations and underwriting processes, so familiarising yourself with the specific requirements of your country is essential.
Eligibility criteria. To qualify, applicants generally need a stable income, healthy credit history and the ability to make a down payment.
Loan-to-value. The approved loan amount is typically a function of the LTV ratio, the percentage of property value the lender is willing to finance.
Rate structure. Mortgage interest rates can be fixed or variable depending on the product and lender.
How they differ. Fixed rates stay constant through the locked-in period, variable rates move with market conditions.
Islamic options. Many regional lenders also offer Shariah-compliant Islamic financing alongside conventional products.
Down payment. Nationals are typically required to fund part of the property value upfront when purchasing.
Property insurance. Borrowers may also be required to maintain property insurance over the life of the loan.