Mortgage Guide — Cosmos Real Estate LLC
Financing your purchase

Understand your mortgage, before you sign anything.

A plain-language walkthrough of how much you can borrow, what it costs on top of the purchase price, and the exact steps from pre-approval to holding a mortgaged title deed in Ajman.

Reflects UAE Central Bank mortgage regulations & Ajman ARRA fee schedules · Last checked August 2026
The four numbers that matter

Every UAE mortgage runs on these limits.

Set by the Central Bank of the UAE and applied by every licensed bank — no lender can legally exceed them, no matter your income.

50%
Max Debt Burden Ratio (DBR) — all monthly debt repayments, including the new mortgage, capped at half your gross income
25yr
Maximum mortgage tenor allowed under Central Bank rules
7×
Maximum loan size as a multiple of annual income for expatriates (8× for UAE nationals)
50%
Maximum LTV on any off-plan purchase — regardless of buyer category or property value

Loan-to-Value (LTV) limits

How much of the property's value a bank can finance — the rest is your minimum down payment, funded from your own resources (not another loan or credit card).

Buyer category
Max LTV
Min down payment
UAE Nationals
First home, value ≤ AED 5M
85%
15%
First home, value > AED 5M
75%
25%
Second home / investment property
65%
35%
Expatriates
First home, value < AED 5M
80%
20%
First home, value > AED 5M
70%
30%
Second home / investment property
60%
40%
All buyers
Off-plan property (any value, any buyer)
50%
50%
How your bank actually reads this: DBR and LTV apply together, not separately. Your bank stress-tests your repayment at 2–4 percentage points above today's rate before approving, so qualifying on paper today doesn't guarantee approval if rates move. Each borrower can only use the "first home" LTV category once — a second Ajman property, even a small one, falls under the lower investment-property cap. Figures above reflect Central Bank of the UAE Regulations Regarding Mortgage Loans, current as of this guide's last review. Always confirm final terms with your bank — Cosmos does not provide financial advice and can put you in touch with a mortgage advisor for a personal assessment.

What it costs beyond the down payment

Budget 6–8% of the purchase price on top of your down payment for a financed property in Ajman.

ARRA property registration feeAjman Real Estate Regulatory Agency — 2% of value (GCC nationals) or 3% (all other nationalities), paid by the buyer
2–3%
Mortgage registration feeRegistering the bank's mortgage against the title, plus a fixed admin charge
0.25% + AED 290
Bank arrangement / processing feeCharged by the lender for arranging the loan
0.5–1%
Property valuation feeIndependent valuer, required by every bank before approval
AED 2,500–3,500
Life & property insuranceMandatory on any mortgaged property, billed annually with your installments
~0.4–0.8% / yr
Agent commissionIndustry-standard brokerage fee
2% + VAT
Developer NOC (off-plan only)No-objection certificate to transfer or mortgage an off-plan unit
AED 500–5,000
Typical total, on top of down payment 6–8% of property price
The process

From pre-approval to holding your keys.

Seven steps, start to finish. We walk every Cosmos client through each one and coordinate directly with your bank and the ARRA trustee office.

01

Get pre-approved

Submit income and ID documents to your bank (or let us shortlist banks for you) to get a conditional mortgage offer. This confirms your real budget before you start viewing — pre-approvals are typically valid 60–90 days.

1–5 working days
02

Find the property & sign the MOU

Once you've chosen a property with Cosmos, you and the seller sign a Memorandum of Understanding (Form F) and you pay a reservation deposit — usually 10% of the price, held until transfer.

03

Bank valuation

The bank instructs an independent valuer to assess the property. Your final loan amount is based on the lower of the valuation or the agreed sale price — not always the same number.

3–7 working days
04

Final mortgage offer

With the valuation back, the bank issues a final offer letter confirming loan amount, rate, and tenor. Review it carefully — this is the document you're signing on.

05

Developer NOC (if applicable)

For off-plan or developer-registered units, a No-Objection Certificate confirms there are no outstanding service charges or restrictions before the property can be transferred or mortgaged.

06

Transfer & registration at ARRA

Buyer, seller, and the bank's representative meet at the Ajman Real Estate Regulatory Agency trustee office. The remaining balance and fees are settled, the mortgage is registered against the title in the same appointment, and the seller receives payment.

Single appointment
07

Receive your title deed

You walk away with a mortgaged title deed in your name and a fixed monthly repayment schedule. Cosmos stays on record as your point of contact for anything that comes up after handover.

Talk it through

Not sure where you'd land on these numbers?

Send us your situation — property budget, nationality, and whether it's a first home or investment — and we'll map out realistic LTV, DBR, and total upfront cost before you commit to anything.

OfficeAl Ameera Village, Bldg A5,
Shop G02, Al Yasmeen, Ajman
Landline+971 6 523 3524
WhatsApp+971 55 802 1042
Emailinfo@cosmosrealestatellc.com
LicenseDED Ajman No. 52657