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.
We’ll help you get the best mortgage – speak to us
Give us your details and we’ll call you within 24 hours to review your situation and advise how we can help.
Or call us now: +971 55 880 9268
How Affordability Calculator Works
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.
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.
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 25% of the property value (20% for UAE nationals) plus associated purchase costs.
Why use Happy Home Mortgage?
We'll save you money
We have relationships with all of the top lenders in the UAE. This gives us access to the best mortgage rates as well as exclusive discounts on fees and interest rates
We’ll save you time
We will compare all available mortgages and recommend the best one for you. Meaning you don’t have to negotiate with 20+ banks yourself
We’ll give you a VIP service
We manage the mortgage process from start to finish, dealing with all potential hurdles to ensure you’re able to buy your dream property. We work for you, not the banks
Get pre-approved for a mortgage in a few simple steps!
Answer a few simple questions and one of our mortgage brokers will help you find and secure the best mortgage offers in Dubai and the UAE
Our latest mortgage offers in Dubai and the UAE
Long-term fixed rates from
Up to 85% LTV for expats
No salary transfer requirement
Not ready to buy yet?
Stay on top of ever-changing interest rates to
get the best deal on your mortgage
GET IN TOUCH
Please complete your details and one of our professional mortgage consultants will be in touch within 24 hours to help you find the right loan and get you into your dream home.
Thank you for the opportunity to be of assistance. We look forward to working with you!
CONTACT DETAILS
Conrad Business Center 9th Floor, Sheikh Zayed Road Dubai UAE
PO.Box 192087
Dubai UAE
Mortgage enquiries: +971 55 880 9268
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