Six months of statements, one spreadsheet. Salary, down payment trace, off-plan stage payments — CBUAE-compliant prep for your Dubai property.
Convert for mortgageCommercial Bank of Dubai provides home finance for UAE residents and is popular among mid-market Dubai property buyers. Applications require six months of statements. The CBUAE caps loan-to-value at 75% for expats and 80% for UAE nationals on first properties below AED 5M — so the down payment is 20-25%, plus 4% Dubai Land Department transfer fee, plus agent fees, all visible in the file before submission.
CBD reads three things from the statement: consistent AED salary credits, low existing debt obligations, and a clean down payment story. The converted Excel lets you check all three before the credit officer does.
RERA-compliant off-plan purchases involve stage payments to the developer escrow account. These appear on the CBD statement as outbound transfers to the developer or escrow agent. The CBD underwriter wants to see these aligned with the developer's payment schedule — Kashfbank preserves the descriptor so you can match each row to the schedule milestone.
Down payment seasoning is the standard 60+ days. CBD underwriters trace large deposits back to source — sale of another property, family gift, or savings. The descriptor on ONLINE TRANSFER credits carries the counterparty name, which is your trace.
Six months of CBD statements is roughly 200-600 rows depending on activity. The underwriter expects to verify the items below.
Digitally generated PDF. Bilingual Arabic-English headers and column labels. AED denominated. Dates DD/MM/YYYY. Account summary at top: opening balance, total debits, total credits, closing balance. Detailed merchant references including POS, ATM, and online transfer identifiers in description field.
| Label | Meaning |
|---|---|
| POS PURCHASE | Card payment at merchant POS |
| ATM CASH WITHDRAWAL | ATM cash withdrawal |
| SALARY TRANSFER | WPS salary credit |
| ONLINE TRANSFER | Internet banking transfer |
| DIRECT DEBIT | Automatic mandate payment |
UAE mortgage applicants must show 6 months of statements; CBUAE's maximum loan-to-value is 80% for UAE nationals and 75% for expatriates for first properties below AED 5M.
Pull six months from CBD
From CBD NOW Mobile, download each statement month across the six-month window. Save all PDFs.
Upload all six together
Kashfbank converts each and merges into a single chronological spreadsheet.
Flag the down payment source
Locate the large deposit. Tag the row with the source (Property sale / Family gift / Savings transfer). Pair with the supporting document.
Export and submit
Download the CSV. Submit alongside the original PDFs to the CBD mortgage desk.
Common challenges
What's the maximum LTV for an expat buying a first property below AED 5M?
75% under UAE Central Bank rules. That means a 25% down payment plus 4% DLD transfer fee plus agent fees. CBD will not exceed this regardless of your salary.
Can I use proceeds from selling another property as the down payment?
Yes. The sale proceeds need to land in your CBD account at least 60 days before underwriting (seasoning). The descriptor on the credit will identify the source — keep the sale agreement and DLD title transfer document alongside.
Will Kashfbank merge CBD statements with statements from another bank?
Each upload is converted to its own CSV. You can then merge in Excel for a unified asset picture if your CBD mortgage desk wants both banks' history.
How does CBD handle off-plan stage payments in underwriting?
CBD wants to see stage payments aligned with the developer's RERA-approved schedule and the escrow account. The converted CSV preserves the developer/escrow descriptor so you can match rows to the schedule milestones.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
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