How much property can I afford in Dubai?

Generally, banks in Dubai allow mortgage payments up to 50% of your gross monthly income (40% for expats with existing loans). With a salary of AED 20,000/month, you could afford a property worth approximately AED 1.2-1.5 million, depending on your down payment and other financial commitments.

What is the minimum down payment required in Dubai?

UAE nationals require a minimum 15% down payment for properties under AED 5 million (20% above that). Expats need 20% down payment for properties under AED 5 million and 25% for properties above AED 5 million. First-time buyers may access schemes with lower down payments.

What are the typical mortgage rates in Dubai?

As of April 2026, UAE mortgage rates start from 3.75% p.a. and typically range between 3.75% and 5.25% depending on the bank, your profile, LTV, and whether you choose fixed or variable. Fixed rates offer stability; variable rates are tied to EIBOR and move with the market.

What additional costs should I budget for?

Beyond the property price and down payment, budget for: registration fees (4% of property value), mortgage arrangement fees (1% of loan amount), valuation fees (AED 2,500-3,500), service charges (varies by property), and insurance. Annual costs include property tax equivalent to 5% of rental value.

Can I get a mortgage as an expat in Dubai?

Yes, expats can obtain mortgages in Dubai from most local and international banks. Requirements typically include: minimum salary of AED 15,000/month, stable employment (minimum 6 months with current employer), clear credit history, and the required down payment. The process usually takes 2-4 weeks.

How Much Property Can You Afford in Dubai?

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