How much can I borrow?

It depends on age, nationality, salary, type of employment etc.
Some banks say you can borrow 7 times your annually salary. (1)
Other banks say you can borrow 70 times your monthly salary. (2)
Many banks say your monthly salary needs to be at least 4 times your mortgage payment. (3)
Some banks uses their current interest rate as a base for calculating the mortgage.
Other banks will add 1% or 2% on current rates in case of future interest rate fluctuations.
The maximum loan term is 25 years according to UAE Central Bank regulations.
Are you under the age of 40 years you can have a maximum loan term up to 25 years.
Are you over the age of 40 years the maximum loan term is up to the age of 65 years.
Are you self-employed the maximum loan term is raised up to the age of 70 years.

Let’s say you want to borrow 1,000,000 AED for the maximum 25 year-period. How much do you need in monthly salary?

Example:

In lowest case your monthly salary needs to be 11,905 AED to borrow 1,000,000 AED.
In highest case your salary has to be 14,286 AED to borrow 1,000,000 AED.

These factors will decide how much you can borrow:

It all depends on what the bank thinks you can afford to borrow and pay back.