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Home Finance – Freehold Properties

The first step to owning your dream home.

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Key Benefits

Comprehensive Solutions

Comprehensive Solutions

Product solutions suitable for all individuals seeking finance to buy, transfer or cash release for any freehold property in UAE.

Approved Projects

Approved Projects

Vast list of approved projects to avail finance, with special handover finance packages for near to ready properties.

High Finance Amounts

High Finance Amounts

Finance up to 75% of the property value.

Monthly Repayments

Monthly Repayments

Convenient monthly repayments with longer repayment tenures of up to 25 years.

Benefits

  • Attractive and highly competitive profit rates linked with EIBOR
  • 1% Processing Fee (0% processing fee for buy-outs)
  • 60 days installment deferment available
  • Low rate on Life Takaful
  • Enrolment into Priority Banking (subject to eligibility)
  • Pre approved Credit Card

*Please Note: Buy-out options are also available. You can transfer your existing finance from other banks and financial institution to Emirates Islamic at lower profit rates, longer tenors and lower installments.

List of Approved Areas

List of Approved Areas For Completed Property Financing

Apartments Villas
Palm Jumeirah Palm Jumeirah
Dubai Marina Jumeirah Islands
The Greens The Springs
The Views The Meadows
Jumeirah Lake Towers Emirates Hills
Jumeirah Beach Residences The Lakes
Jumeirah Village Triangle / Circle Jumeirah Village Triangle / Circle
Burj Khalifa Motor City
Downtown Dubai Victory Heights
TECOM Falcon City of Wonders
International City Arabian Ranches
Dubai Silicon Oasis The Villa
arrowsovery Gardens Uptown Mirdiff
Motor City Manazel Real Estate - Al Reef Villas
Dubai Sports City
IMPZ
Uptown Mirdiff

Please Note: Title Deed must be available for financing.

Documentation Required

Salaried Residents:

  • Copy of valid passport with a valid residence visa for Expatriates and National ID for Nationals (original required for verification)
  • Copy of labor contract
  • Original Salary Certificate less than 45 days old providing details on length of employment, current designation and salary package OR
  • Salary Transfer Letter in case Salary is transferred to Emirates Islamic
  • Last three months pay slips (if applicable)
  • Last 6 months bank statements reflecting salary credits
  • Liability letter less than 30 days old reflecting borrowings with the bank to which your salary is transferred
  • Originals of property details including the
    • Quote/Offer Letter from the seller,
    • Sale and Purchase agreement,
    • Title Deed and Site Plan
    • Receipts of down payment made to the seller

Salaried Non-Residents:

  • Copy of valid passport (original required for verification)
  • Original Salary Certificate less than 45 days old providing details on length of employment, current designation and salary package
  • Last three months pay slips (if applicable)
  • Documentation from your bank including
    • Last 6 months bank statements reflecting salary credits
    • Liability/Reference letter no more than 45 days old
    • Latest tax returns for the previous 2 years (if applicable)
    • Credit Bureau Report (if applicable
  • Originals of property details including the
    • Quote/Offer Letter from the seller,
    • Sale and Purchase agreement,
    • Title Deed and Site Plan
    • Receipts of down payment made to the seller

Self-Employed Residents:

  • Copy of valid passport with a valid residence visa for Expatriates and National ID for Nationals (original required for verification)
  • Business related documentation (originals required for verification)
    • Copy of trade license
    • Copy of Chamber of Commerce Registration
    • Copy of Partnership Page in case of multiple partners
    • Copy of Memorandum/Articles of Association
    • Original Audited Financials for the last 2 years
    • Copy of Labor Contract
  • Last 12 months Business Account Statements (6 months is acceptable but not preferred)
  • Last 6 months Personal Account Statements
  • Originals of property details including the
    • Quote/Offer Letter from the seller,
    • Sale and Purchase agreement,
    • Title Deed and Site Plan
    • Receipts of down payment made to the seller

Self-Employed Non-Resident:

  • Copy of valid passport (original required for verification)
  • Business related documentation (originals required for verification) including:
    • Copy of trade license
    • Copy of Chamber of Commerce Registration
    • Copy of Partnership Page in case of multiple partners
    • Copy of Memorandum/Articles of Association
    • Original Audited Financials for the last 2 years
    • Copy of Labor Contract
  • Documentation from your bank including
    • Last 12 months Business and Personal Account statements
    • Liability/Reference letter
    • Latest tax returns for the previous 2 years (if applicable - original will be required for verification)
    • Credit Bureau Report (if applicable)
  • Originals of property details including the
    • Quote/Offer Letter from the seller,
    • Sale and Purchase agreement,
    • Title Deed and Site Plan
    • Receipts of down payment made to the seller

Home Finance Repayments Calculator


AED
Years

* Above mentioned values are indicative, Terms and Conditions apply.

Takaful Terms & Conditions

Important Information regarding your Home Finance:

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