How to Build and Maintain a Healthy Credit Profile in Dubai?

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Holo Team


When applying for a mortgage in Dubai, your financial situation and current debts will be thoroughly evaluated by lenders. This includes factors such as credit card debt, personal loans, and any existing business loans that you are repaying.

Before you submit your mortgage application, banks will conduct a credit check. It's advisable to check your credit score and obtain a credit report beforehand, which you can easily do online through the AECB (Al Etihad Credit Bureau).

While a perfect credit score isn't necessary, having a higher score can often lead to more favourable mortgage interest rates. The credit report will outline your current credit usage, including details of your credit cards, personal loans, and business loans, as well as any late payments on utility and telecom bills.

In addition to assessing your affordability, lenders will also apply a stress test. This test considers your current income and liabilities to determine whether you could still afford your monthly mortgage payments if interest rates were to rise.

Let's delve into how various types of borrowing can impact your UAE mortgage application and what steps you can take.

Credit card debt

It's wise to minimise spending on your credit card and reduce your balance before applying for a mortgage. Credit cards typically carry higher interest rates than loans, so prioritise paying off the balance and aim to make larger payments than the minimum required each month.

Personal loans

Lenders will consider whether you've been making your monthly repayments on time and the remaining term of your personal loan. Your monthly repayment amount will factor into the affordability check and stress test for your mortgage application in Dubai. Consider speaking to your loan lender to explore options for paying off more of the loan without incurring penalties.

Business loans

If you're self-employed and have taken out a business loan in your company's name, lenders won't include your company's liabilities when assessing your affordability. However, it's essential to be mindful of these loans when determining how much you can borrow.

To estimate your borrowing capacity, you can use an online mortgage calculator. If you're self-employed and seeking a mortgage, our online application tool can quickly search the market to identify suitable lenders based on your requirements.

For self-employed individuals seeking a mortgage in their company's name, it's advisable to consult with a mortgage consultant. There are specific requirements for such arrangements, and each case is assessed individually.

Remember that your affordability and creditworthiness significantly influence your chances of mortgage approval. Taking the time to organise your finances beforehand may delay the process slightly but can enhance your likelihood of success.

Holo's mortgage services in Dubai include a mortgage calculator and online mortgage application. Our fully digitised platform will search the entire market for you and find the best mortgage products for you. You'll be assigned your own dedicated mortgage advisor who will then work with you to understand your requirements and current profile. They can also refer you to our property Concierge team, who can help you find the perfect property for your investment ambitions.

If you want to learn more, explore our Dubai home mortgage questions for more information.

If you're ready to get going with your application for a mortgage loan in Dubai, go to to get started. We're 100% free saving you AED 5,000 on the cost of a mortgage broker in Dubai.