What salary or income do I need to qualify for a mortgage?

Banks size your loan on the Debt Burden Ratio: total monthly debt - the new mortgage plus car, cards and other loans - can't exceed 50% of your income. Lenders typically want a minimum salary around AED 15,000/month and a clean credit record. As a rough guide, an AED 1.5-2.5M apartment usually needs about AED 30,000-40,000 monthly income.