Documents needed for the mortgage for a apartment in Dubai, UAE

By Munawar Abadullah

When applying for a mortgage in Dubai, lenders will require a range of documents to support your application. These documents are used to verify your financial situation and ensure that you have the ability to repay the loan. Some of the common documents required include:
1. Proof of income: Lenders will want to see evidence of your income, such as your salary certificate, bank statements, and payslips. They may also require proof of any additional income, such as rental income or income from investments.
2. ID documents: You will need to provide a copy of your passport, Emirates ID, and any other relevant identification documents. This is to verify your identity and residency status.
3. Property documents: You will need to provide proof of ownership of the property you wish to purchase, such as the title deed or sale and purchase agreement. Credit report: Lenders will check your credit history to assess your creditworthiness. You can obtain a credit report from one of the credit bureaus in the UAE.
4. Proof of deposit: Many lenders will require a deposit, usually around 25% of the purchase price, as a condition of approving a mortgage. You will need to provide proof of the deposit, such as bank statements or a letter from your solicitor.
5. Other documents: Lenders may require additional documents depending on your individual circumstances. For example, if you are self-employed, you may need to provide additional proof of income, such as financial statements or tax returns. It's important to note that these are the common documents required, but depending on the lender, they may have different requirements, so it's recommended to check with the lender before applying. It's also important to keep in mind that all the documents should be translated to English if they are in any other language. By gathering all the required documents and having them ready before you apply, you can increase your chances of getting approved for a mortgage. Make sure to keep copies of all the documents for your own records as well.

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