Regulations
New Mortgage Regulations Announced for First-Time Buyers
Financial Team
March 14, 2025
4 min read
The Central Bank has announced new mortgage regulations designed to make homeownership more accessible for first-time buyers.
Key Changes
- Down payment reduced from 25% to 15% for first-time buyers
- Extended repayment period up to 30 years
- Lower interest rates for qualified applicants
- Simplified application process
Eligibility Criteria
Applicants must be UAE residents with stable income, meet credit score requirements, and not own any other property.