When starting your property search, many people browse online listings in their preferred areas, which is a great initial step. However, it’s essential to ensure you’re looking within your budget. Obtaining a mortgage pre-approval before searching for a home is crucial, as it lets you know exactly what you can afford and prevents any disappointment from viewing homes outside your price range. Our dedicated in-house mortgage team is here to guide you in finding the best mortgage option. Nexxa Mortgage Broker is a leading licensed consultancy.

Expert Guidance from Start to Finish

Our team is well-versed in UAE banking practices and processes, which means we can handle every aspect of your mortgage application with ease. From understanding your financial needs to liaising with banks and managing paperwork, we take care of the entire process. Our goal is to ensure that your mortgage experience is as smooth and hassle-free as possible, allowing you to focus on your new home without the stress of navigating the mortgage maze.

Confidence and Peace of Mind

By choosing NEXXA, you’re not just selecting a mortgage; you’re gaining a trusted partner who will guide you through every step of the process. Our expertise and experience ensure that you get the best possible outcome, tailored to your specific needs, all while enjoying a seamless, stress-free experience.

At NEXXA, we understand the intricacies of the mortgage market in the UAE. Our team of experts has built strong relationships with a wide range of banks across the region. This close collaboration with banks enables us to navigate the numerous mortgage options on your behalf, helping you find the one that fits your best.

We provide a comparison of bank offers, fees, and charges in an Excel sheet, which helps our clients, choose the most suitable bank or financial institution. The sheet also includes a breakdown of Land Department fees and the down payment required from the client side.

Navigating the mortgage process for the first time can be both exciting and daunting. It’s natural to feel overwhelmed by the complexities involved, but you don’t have to go through it alone. At NEXXA, we believe that the right guidance can turn a potentially stressful experience into a smooth and confident journey.

Our dedicated advisors are here to support you every step of the way, from presenting your case to the bank to ensuring you get the best possible outcome. We’re committed to helping you make informed decisions that align with your long-term goals.By exploring various mortgage options together, we’ll find the plan that best suits your needs. With NEXXA, you can trust that our experts will provide clear, transparent advice, allowing you to proceed with confidence.

Pre-approval offers numerous advantages and is crucial for prospective homebuyers. With pre-approval, you have a clear understanding of your budget when you start searching for a home. You'll also be aware of the upfront costs and know exactly how much money you'll need to finalize a purchase. Moreover, you'll have a clear idea of your monthly mortgage payments, which will boost your confidence when talking to agents and negotiating with sellers.

Furthermore, if the ideal property comes along, you’re in a prime position to make an immediate offer. This readiness can help you avoid the long wait that comes with applying for pre-approval after finding a home.

For sellers, pre-approval is equally beneficial. They value buyers who are prepared and can proceed quickly when making an offer. As a seller, you want a smooth and straightforward transaction, not just the best price for your property.

The bank or financial institution technically holds ownership of the property until the outstanding loan is fully repaid. However, the customer retains full rights to use the property, whether for personal use or to generate income.

The Central Bank permits mortgages for both new and existing properties. You can also get financing for land or construction projects.

Can you help us figure out what properties we can buy?

We work with reliable and licensed real estate brokers, and our expertise will help you find the best property within your budget.

What is a fixed-rate mortgage and what is a variable-rate mortgage?

In a fixed-rate mortgage, the interest rate stays the same for the entire loan term. In a variable-rate mortgage, the rate can change based on market conditions and is adjusted by banks periodically. Many people now choose loans with a mix of both: a fixed rate for the first few years, then a rate that adjusts based on the market.

What are the costs associated with property purchase in Dubai?

The following are indicative costs associated with property purchase.

- Land Department Transfer Charge - 4% of property purchase price

- Land Department Mortgage Registration Fee - 0.25% + Aed 290 of the Finance Value

Trustee Appointment Fee - Aed 4200

-  Acknowledge fee (Title Deed ) Aed 580

- Real Estate Broker Commission - 2% of property purchase price (indicative).

- Developer NOC Cost - varies from Developer to Developer

- Banks Processing Fee – Up to 1% of Finance Value (varies from bank to bank)

- Property Valuation Fee – Up to AED 3,000+ Vat (varies from bank to bank)

- Life Insurance Cost - To be indicated by the insurance provider

- Property Insurance - To be indicated by the insurance provider 

"No, you can't use a mortgage or any other loan to cover the down payment—it must come from your own funds upfront. However, some banks may offer financing options for part of the DLD fees and broker fees