First Choice Mortgage Broker (FCMB)
Info CheckedMortgage Brokers
TECOM, Dubai
About
First Choice Mortgage Broker (FCMB) was founded in 2020 by Zamran Zaharan, who brings 18+ years of banking, real estate, and mortgage advisory experience. Licensed by Dubai Economic Department and regulated by Dubai Land Department, FCMB operates as a boutique brokerage with personalised service.
Mortgage Services
- New purchase mortgages
- Buyout and refinancing
- Equity release
- Building finance
- Non-resident mortgages
- Islamic financing (Finance-to-Value products)
Track Record
With 350+ mortgages arranged and a 95% approval rate, FCMB maintains a 5-star Google rating. The firm offers a two-tier service model — free basic advisory plus premium advisory for complex financing scenarios — with 24/7 availability year-round.
Sources
Services Offered
Key services First Choice Mortgage Broker (FCMB) provides for mortgage brokers clients in Dubai:
Why Choose First Choice Mortgage Broker (FCMB)
- Independent, multi-bank access — compares offers across multiple UAE lenders rather than a single bank, helping buyers find a competitive rate.
- Founder-led industry depth — led by Zamran Zaharan, who brings over 18 years across banking, real estate, and mortgage advisory (HSBC, Emirates NBD, FAB).
- Complex-case expertise — handles self-employed, non-resident, and non-standard applications, not only straightforward salaried files.
- End-to-end support — manages the process from pre-qualification through bank processing to title transfer and key handover.
- Around-the-clock availability — the firm states it supports clients 24/7, 365 days a year.
- Licensed and regulated — licensed by the Dubai Economic Department and regulated by the Dubai Land Department.
How First Choice Mortgage Broker (FCMB) Works
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1
Initial consultation & pre-qualification
A free consultation reviews your income, residency status, and goals to estimate borrowing capacity and indicate eligible lenders.
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2
Documentation review
Your income, ID, and property documents are checked and prepared so the application meets lender requirements.
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3
Application submission
The mortgage application is submitted to the most suitable bank(s) based on your profile and the rates available.
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4
Bank processing & approval
The bank assesses and approves the file — typically around 2-3 weeks for residents and 3-5 weeks for non-residents.
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5
Title transfer & key handover
On final approval the mortgage is disbursed and the transaction completes with title transfer and key handover.
Business Profile
Hours and pricing may change — confirm directly with the business before engaging.
Licenses & Certifications
Licenses and certifications are subject to renewal. Verify current status with the issuing authority before engagement.
Frequently Asked Questions
How much can I borrow for a home loan in Dubai as an expat?
Under current Central Bank of the UAE rules, expat buyers can typically borrow up to 80% of the value of a first property priced at AED 5 million or below (so a minimum ~20% down payment), with 85% available to UAE nationals. A broker confirms your specific eligibility against your income and the property.
What is the maximum LTV on a second property or an off-plan purchase?
As general market guidance, financing on a second or subsequent property is usually capped lower (around 60-65% LTV), and off-plan purchases are typically limited to about 50% LTV. Final limits depend on the lender and the property.
Does a mortgage broker charge me a fee?
FCMB offers a free pre-qualification consultation, and brokers in the UAE are commonly paid by the lender rather than the client. Some advisory services may carry a fee depending on the complexity of the case — confirm any charges with the firm before proceeding.
Can non-residents get a mortgage for a Dubai property?
Yes. FCMB arranges mortgages for non-residents as well as residents, and for both salaried and self-employed applicants. Non-resident applications generally take a little longer to process (often around 3-5 weeks).
What fees should I budget for besides the deposit?
Typical costs include the DLD mortgage registration fee (0.25% of the loan amount plus AED 290), a property valuation fee (usually around AED 2,500-3,500), and a bank arrangement fee (typically about 1% of the loan, lender-dependent). Lenders also generally require life and property insurance.
How long is a mortgage pre-approval valid?
Pre-approvals from UAE banks are usually valid for around 60 days, giving you a defined window to find a property and proceed before re-confirmation may be needed.
Is FCMB an independent broker or a bank?
FCMB is an independent mortgage broker, not a lender. It compares mortgage products from multiple banks and arranges the loan on your behalf, rather than offering only one institution’s products.
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