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Purchasing a home in the UAE is an exciting step, but understanding how much deposit is required for a mortgage can be confusing, especially for first-time buyers. The amount you need to put down depends on whether you're an Emirati national or an expatriate, as well as the property's value. Here's a clear breakdown to help you navigate your home-buying journey with confidence.
The Central Bank of the UAE has set specific mortgage deposit requirements based on nationality and property value.
Absolutely! While these are the minimum deposit requirements, you can choose to put down a larger deposit to reduce the amount you need to borrow. A higher deposit can lead to:
Beyond the deposit, home buyers should factor in additional costs associated with securing a mortgage in the UAE, including:
Using an online mortgage calculator can help you estimate how much deposit you need and what your monthly payments will be. A mortgage calculator considers factors like:
The mortgage process doesn't have to be complicated. Holo, the UAE's leading digital mortgage platform, simplifies your home-buying journey by offering: