Bank Valuation and Final Mortgage Approval in Dubai

After you agree a purchase, the bank commissions a valuation of the property and, if satisfied, issues a final offer letter. If the valuation comes in below the price, the bank lends on the lower figure and you cover the gap, so plan for that possibility.

Updated 27 October 2026 · 1 min read

The bank lends against the lower of the price and its valuation. If the valuation is lower, your loan is smaller and you need more cash, or you renegotiate.

The steps

  1. Submit the purchase documents

    Form F, title deed copy and seller details go to the bank.

  2. Valuation

    A bank-approved valuer inspects the property and compares it with recent sales. You pay the valuation fee.

  3. Final offer letter

    The bank confirms the loan amount, rate, term and conditions. Read it before signing.

  4. Insurance

    Life cover and property insurance are usually required.

  5. Cheques for transfer

    The bank prepares cheques to settle the seller (and any seller mortgage) on transfer day.

If the valuation is low

  • Pay the difference from your own funds.
  • Renegotiate the price with the seller, using the valuation as evidence.
  • Ask whether the bank will review it with additional comparable sales.

Common mistakes to avoid

  • No cash buffer for a low valuation.
  • Form F dates that leave too little time for valuation and approval.

This guide is general information, not legal, tax, financial or lending advice. Fees, rules and procedures change and depend on the property, the parties and the contract. Confirm current details with the relevant authority and qualified advisers before acting.

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Common questions

What happens if the bank valuation is lower than the price?

The bank usually lends based on the lower valuation, so you need to cover the difference or renegotiate the price.

How long does mortgage final approval take in Dubai?

Often one to two weeks after the bank receives complete documents, depending on the bank and the property.

Who pays for the valuation?

The buyer, usually a fixed fee charged by the bank.

Keep reading

Sources

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