PWMB — Phillips & Walls Mortgage Brokers

Under current Central Bank of the UAE rules, expats can typically borrow up to 80% LTV on a first property priced at AED 5M or below (85% for UAE nationals). A second or subsequent property is usually capped around 60–65%, and off-plan purchases are generally limited to about 50%. A broker confirms your exact eligibility against your income and the specific property.

Yes. PWMB arranges non-resident and expat mortgages, comparing lenders that accept overseas applicants. Loan-to-value limits and documentation requirements are usually stricter for non-residents than for UAE residents.

Lenders apply a Debt Burden Ratio (DBR) under Central Bank rules, capping your total monthly debt repayments at 50% of your monthly income. Existing loans and credit cards therefore reduce how much you can borrow.

Typical costs include mortgage registration at the Dubai Land Department (0.25% of the loan amount plus AED 290), a property valuation fee (commonly around AED 2,500–3,500), and a bank arrangement fee that is usually about 1% of the loan. Lenders generally also require life and property insurance.

PWMB offers a free initial consultation and follows a transparent, no-hidden-fee approach. As mortgage brokers they compare and arrange loans across multiple banks on your behalf.

Pre-approvals are typically valid for around 60 days, after which they may need to be refreshed. Securing pre-approval first helps you shop with a clear budget and act quickly when you find a property.

Yes. PWMB arranges mortgages for self-employed and entrepreneurial clients, structuring applications around business income and tailoring options to lenders that suit your financial profile.