Affordability Calculator
Calculate how much you can borrow and what value property you can afford. Then let us help you get ready to make an offer on your dream property.
Affordability Calculator
Calculate how much you can borrow and what value property you can afford. Then let us help you get ready to make an offer on your dream property.
Mortgage Affordability Checker
How Affordability Calculator Works
Monthly Income
Generally speaking, your annual income cannot be more than seven times the loan you’d like to take out, and your monthly debts cannot be more than 50% of your monthly income.
Your income is a crucially important factor in working out how much you can borrow, as lenders want to ensure that you can meet your repayments and will not default on your loan.
Monthly Debt
UAE lenders use a concept called Debt-Burden-Ratio (DBR) to calculate how much you can afford to borrow. Your DBR is your monthly debts (including any future mortgage payments) as a ratio of your monthly income.
Lenders will often use a high interest rate to calculate your future mortgage payment, to account for any interest rate hikes.
Down Payment
The UAE Mortgage Cap law requires non-UAE Nationals to have a cash down payment of at least 20% of the property value (15% for UAE Nationals) plus associated purchase costs.
