Mortgage valuation in Dubai
A mortgage valuation is the figure the lender uses to decide how much it will advance. It is not the same as a marketing appraisal, and it is not a RERA valuation report. If the bank's figure is below the price you have agreed, the bank lends against the lower number and you fund the difference.
A&A Mortgage Services is the name we use for Mortgage Broker LLC.
Three different opinions of value
The bank instructs a valuation for its own security. You usually pay for it. The fee is in the bank's tariff, so we do not print a single dirham amount as if every lender charged the same.
An Allsopp & Allsopp market appraisal is an opinion of what a home might sell for, given to an owner who is thinking of selling. It is not a mortgage valuation, and we are not holding ourselves out as a RERA valuation firm.
A formal valuation used by a court, a developer or a regulator is a third thing again. Ask which document you actually need before you pay for one.
If the valuation is short
The loan-to-value ceiling is applied to the value the bank accepts, which may be the purchase price or the valuation, whichever rule that bank uses inside the Central Bank cap. A short valuation means a larger cash contribution.
You can walk away, renegotiate the price, or fund the gap. The valuation fee is often not refunded. Check that before you instruct it.
Questions
The buyer usually pays. The amount is set by the lender in its tariff or offer, not by a single government fee. We do not publish one figure as if it applied at every bank.
No. The bank's valuation is for its lending decision. A sales appraisal is an opinion of the likely selling price. Allsopp & Allsopp can give the second. We do not issue RERA valuation reports.
The bank lends against the value it accepts, inside the Central Bank loan-to-value ceiling. You have to make up the gap in cash, agree a lower price, or not proceed. The seller is not obliged to drop the price.
No. The Central Bank loan-to-value ceilings still apply. A valuation cannot be used to step over them.
Get your best rate
Tell us where you want to buy and what you have to spend. An adviser will compare the major UAE lenders for you. The advice is free of charge to you.