Value and existing debt
Title, current outstanding if any, and a fresh valuation. Available equity is not the same as what your income can support.
Equity release
Equity Release Mortgages in Dubai
The property stays yours. The extra capital does not come from a sale.
Borrow against value you already hold, for another purchase, renovation, or a planned cash need the bank will accept.
Equity release is a top-up on an existing mortgage, or a new loan on an unencumbered title, sized against current value and your income. You remain the owner.
If the home has risen in value, or the outstanding loan is small, banks may lend against the unused equity. That is useful for a second deposit, a renovation the lender accepts, or documented liquidity. It is not free money. The new monthly has to fit the same DBR rules as a purchase.
Lenders care what the funds are for. An honest purpose in the file is faster than a vague ‘cash’. If the real plan is to leave the property, a sale is usually cleaner. We will say so.
- Top-up versus a full refinance compared on cost.
- Purpose of funds written the way the bank needs to see it.
- New monthly modelled before you apply.
- Unencumbered titles and existing mortgages both considered.
- A stop recommendation if a sale is the better path.
Using equity as a second deposit
Common, and often workable, if the combined instalments still fit DBR. You are running two properties in one income. We model both files before anyone applies, so the second purchase does not sink the first.
Rental properties
Investment units can support a top-up, subject to the bank’s view of rent, the building, and your other income. Rental is not always counted in full. Do not assume the tenancy contract equals extra borrowing pound for pound.
How it works
How an equity file is built
Purpose
Another UAE deposit, renovation, or a documented need. Some purposes are declined. Better to know that in the first meeting.
Structure
A top-up at the current bank can be cheaper to register. A new lender may offer a better rate on the whole loan. We cost both.
Registration
DLD and bank fees apply on the new charge. They belong in the same arithmetic as the monthly.
See what you can borrow.
A Crelco advisor maps the file, compares banks, and you decide. Crelco does not charge any consultation fees.
Documents
What we typically ask for
- Title deed
- Existing mortgage statement if any
- Passport, visa, Emirates ID if resident
- Income documents and statements
- A short note on what the funds are for
Exact lists vary by bank and employment type. We collect only what the file requires.
Also useful
Related at Crelco
Questions
Asked, answered.
Direct answers first. If yours is not here, an advisor will take documents, timing, and the bank that actually fits.
Private consultation
Speak with a Crelco mortgage advisor.
Independent advice. Banks compared for your file. Crelco does not charge any consultation fees.