1. Speak to a Mortgage Advisor

Finding the right mortgage is about more than just chasing low interest rates. Life insurance, property insurance, loan-to-value ratio (LTV), and repayment terms all play a crucial role.

Start by consulting a qualified mortgage advisor. At MK Real Estate, we connect you with trusted experts from top-tier mortgage brokerage firms in the UAE — giving you access to tailored solutions from multiple banks to save you time, stress, and money.

2. Get Pre-Approved

Once your advisor helps you shortlist a bank, you’ll submit documents to initiate the pre-approval process.

This includes:

Your income documents

Bank statements

ID copies

A pre-approval confirms your creditworthiness and outlines your borrowing limits, LTV, tenure, and interest rates.

⚠️ Pro tip: Get your pre-approval before selecting a property or signing an MOU. It gives you a clear budget and strengthens your offer.

🔒 Valid for 60 days.

3. Property Valuation

After you’ve chosen a property and signed the MOU, the bank will order a valuation through a certified third-party.

Why it matters: The bank will base your mortgage on either the valuation price or MOU price — whichever is lower.

If the valuation is lower than expected, the buyer must cover the difference.

📅 Valid for 45 days.

4. Final Mortgage Approval

Once the valuation is in, the bank issues a Final Approval Letter detailing the official mortgage terms.

Your mortgage advisor will help review everything — from repayment plan to fees — so you’re clear and confident before signing.

5. Fund Deposit & Cheque Issuance

After final approval:

A bank account is opened in your name

You deposit your share of the property payment

The bank issues manager’s cheques to the relevant parties — seller, developer, or seller’s bank (in case of an existing mortgage)

6. Property Transfer

Once all cheques are ready, the bank schedules the official property transfer at the Dubai Land Department (DLD).

7. Receive Your Title Deed

And finally — it’s official!

After the transfer and formalities, the DLD issues your new title deed, making you the legal property owner.

🏠 Congratulations!

Need help navigating your mortgage options?

At MK Real Estate, we help you find the best rates, fastest approvals, and the right plan that suits your financial goals. Speak to our mortgage experts today and get pre-approved in just a few days!