1. Local Banks: Major banks in Dubai, such as HSBC, Emirates NBD, and Dubai Islamic Bank, offer a wide range of mortgage options. Each bank has its own set of criteria and terms, so it is essential to research and compare the offerings from different banks.
2. Specialized Mortgage Providers: Some specialized mortgage providers, like mortgage brokers and advisors, can help you navigate the complex process of securing a mortgage. These professionals often have extensive knowledge of the market and can assist in finding the best mortgage options for your needs.

Eligibility Criteria

To be eligible for a mortgage in Dubai, you typically need to meet certain criteria:

1. Age: You must be at least 21 years old to apply for a mortgage.
2. Income: You must have a stable income, with a minimum salary requirement of AED 7,000 for UAE nationals and AED 10,000 for expatriates.
3. Credit Score: You must have a good credit score to ensure that your mortgage application is accepted.
4. Down Payment: You typically need to make a down payment of at least 20% of the property’s value for UAE nationals and 25% for expatriates.

Pre-Approval and Approval in Principle

Before starting your property search, it is essential to get pre-approved for a mortgage. This involves submitting your financial documents and receiving a letter stating the amount you are eligible to borrow. An Approval in Principle (AIP) is a more detailed assessment that is usually required before making an offer on a property.