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Home Finance Fact Sheet
To make an application the following documentation is required.
For salaried customers (Confirmed employment for at least 1yr)
 Passport copy
Letter from employer addressed to Amlak Finance (Original)
If you have changed employment within the last 3 years please provide a letter from your previous employer
6 months bank statements from the account that your salary is credited to (Original)
Rental agreements/leased properties within UAE (not mandatory)
For self - employed customers (Business should have been operating for at least 3yrs)
Passport Copy
6 months company and personal bank statements (Original)
Copy of trade license
Copy of Chamber of Commerce registration
Copy of Memorandum of Articles and Association (MOA)
2 years Audited Accounts
Facility letter from your bank
Company profile
Rental agreements/leased properties within UAE (not mandatory)
For Non-Residents, all of the above is required in addition to tax
returns for the last 3 years.
Fees
Processing Fees (to be paid on application)
1% for residents minimum of AED 5,000 maximum AED 25,000
1.25% for non residents minimum of AED 5,000 maximum AED 25,000
For a secondary market deal a cheque for AED 3,000 for the valuation fee is required (to be paid on valuation request)
If you are purchasing an Emaar property a registration fee is payable of AED3,000. Cheque should be made payable to Emaar properties
Other needed documents
Application Processing fee undertaking
Life insurance undertaking
Developers Late payment undertaking
Application form (Download)
Copy of sales agreement
Note: We require all of the above documents at the time of application. An application will not be accepted if there is any missing paperwork.
5 EASY STAGES TO GETTING YOUR DREAM HOME
Application
24 hours after receiving your completed documentation you will receive a letter confirming that your application is under process and advising you of your Customer Identification Number (CIF). This number can be used when calling Amlak Finance on 800 AMLAK (26525)
Approval
After your application has been approved an e-mail will be sent to you advising you that we have made a decision, however, we will call you advising you of the outcome.
Offer
Once you have accepted we will issue the formal offer letter in duplicate this will take 48 hours. You will be advised that the letter is ready and you can collect it from the branch. Your offer letter will include
· Lease Agreement
· Promise To Lease
· Addendum to Sale Agreement
· Indemnity Cum Undertaking
Acceptance of offer letter.
The offer letter and accompanying documents are valid for 30 days please ensure that you read and sign the bottom of every page in full as well as the relevant signature points in the paperwork. All terms and conditions set out in the offer letter must be fulfilled. The conditions are applied on a case by case basis and the following requirements are standard however there may be exceptions.
Signature verification from your bank
Security cheques
Original Sales Agreement
Copies of receipt for your contribution made to the developer
Standing Instruction
In all cases Amlak will only accept your signed paperwork once all the conditions are met.
Disbursement
A week prior to final payment Amlak will email you the standing instruction which must be stamped and signed by your bankers. Please return the original back to Amlak. When we have collected all the signed paperwork we will then be in a position to make a payment albeit partial or a final payment.
Payment will be made within 72 hours
Please note that the developers do not always advise Amlak of the hand over dates or delays. Therefore once you have been notified of such events please inform us.
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