1. Eligibility Criteria

• Age:
  • UAE Nationals & Residents: 21–70 years at maturity
  • Expatriates: 21–65 years at maturity
  • Non-residents: 30–65 years at maturity
• Minimum Income:
  • UAE Nationals: AED 15,000/month (salaried); AED 25,000/company turnover (self-employed)
  • Residents (Expats): AED 20,000/month (salaried); AED 25,000 turnover (self-employed)
  • Non-residents: AED 40,000/month (salaried); AED 100,000 turnover (self-employed)
• Salary Transfer:
  • Nationals: mandatory
  • Expats: optional
• Co-applicants: permitted (first-degree relatives) with combined income meeting thresholds

2. Financing Amount & Tenor

• Ready Properties:
  • UAE Nationals: up to AED 15 million (85% LTV if ≤ AED 5 M; 70% if > AED 5 M)
  • Residents (Expats): up to AED 15 million (75%/65% LTV tiers)
  • Non-residents: up to AED 15 million (50% LTV)
• Under-Construction Properties: 50% down payment required
• Equity Release:
  • UAE Nationals: up to 85%/70% LTV tiers
  • Expats: up to 75%/65% LTV
• Land Finance:
  • Nationals: 75% (residential) / 65% (commercial)
  • Expats: 70% / 60%
• Tenor:
  • Residents: up to 25 years
  • Non-residents: up to 15 years

3. Profit Rate

• Ready Properties (Ijarah): reducing rate 99% p.a.
• Fixed-rate construction (Forward Ijarah): based on 6-month EIBOR + margin during build
• Reversion: 6-month EIBOR + margin after fixed period
• Non-residents: higher margin; rate floor applies

Detailed Schedule of Fees