1. Can non-residents and foreign investors get a mortgage in Dubai?

Yes, non-residents are legally eligible to purchase property and obtain mortgage financing in the UAE. The maximum LTV for non-residents is typically capped at 50% of the property value, meaning a minimum 50% cash down payment is required.

2. What is the maximum loan tenure available for a Dubai mortgage?

The maximum repayment period for a home loan in Dubai is up to 25 years. Keep in mind that the loan must be fully repaid before the borrower reaches the age of 65 for salaried expats or age 70 for self-employed individuals.

3. What hidden fees should I expect when registering a mortgage?

Beyond your down payment, you must budget for a 0.25% DLD mortgage registration fee, a bank valuation fee (ranging from AED 2,500 to AED 3,500), a standard 4% DLD transfer fee, and standard bank processing charges.

01

Finding a Lender

Banks are the most common lenders to approach for mortgages, but they must be registered with the Dubai Land Department. Explore mortgage deals from different banks or work with the help of an agent who has insight on the local market, and can compare mortgage products for you. This allows you to put effort into buying the right property for you.

Banks are the most common lenders to approach for mortgages, but they must be registered with the Dubai Land Department. Explore mortgage deals from different banks or work with the help of an agent w...

02

Choosing the Right Mortgage for You

There are different kinds of mortgages in Dubai, falling into categories including fixed-rate, or variable-rate mortgages. The fixed rate has a set interest rate for the loan, while the variable rate has a variable interest rate that fluctuates over time. Lenders have an online mortgage calculator where you can get an idea of your monthly payments.

There are different kinds of mortgages in Dubai, falling into categories including fixed-rate, or variable-rate mortgages. The fixed rate has a set interest rate for the loan, while the variable rate ...

03

Get a Pre Approval Letter from the Bank

For the process of applying for a mortgage, getting a pre-approval letter from you bank is the most crucial step you have to consider. The bank issues this as an official document, showing eligibility evidence for the borrower to get the mortgage as your housing finance option. This letter also outlines clearly the maximum mortgage amount. Normally it takes 3 to 5 working days to obtain this letter from the bank.

For the process of applying for a mortgage, getting a pre-approval letter from you bank is the most crucial step you have to consider. The bank issues this as an official document, showing eligibility evidence for the borrower to get the mortgage as your housing finance option. This letter also outlines clearly the maximum mortgage amount. Normally it takes 3 to 5 working days ...

For the process of applying for a mortgage, getting a pre-approval letter from you bank is the most crucial step you have to consider. The bank issues this as an official document, showing eligibility...

04

Choosing a Desired Property

Once you have received a pre-approval letter from the bank, you can look out for your dream home in the city of Dubai. Pre-approved letters are valid for around 60 to 90 days, depending on the lender. You have to manage your property hunting in this time frame, giving you sufficient days to find your dream home with the help of a real estate agent. They can pick the property under your desired budget, and preference.

Once you have received a pre-approval letter from the bank, you can look out for your dream home in the city of Dubai. Pre-approved letters are valid for around 60 to 90 days, depending on the lender. You have to manage your property hunting in this time frame, giving you sufficient days to find your dream home with the help of a real estate agent. They can pick the property un...

Once you have received a pre-approval letter from the bank, you can look out for your dream home in the city of Dubai. Pre-approved letters are valid for around 60 to 90 days, depending on the lender....

05

Finalise your Property Purchase

Once you have found your dream property in Dubai, you can contact your bank and finalise your loan agreement. The bank can send an evaluator to evaluate the property value and help you make a reasonable offer. You can then sign the lease agreement to purchase the property and pay the deposit. The lender will then release the loan amount and you can proceed with completing the purchase.

Once you have found your dream property in Dubai, you can contact your bank and finalise your loan agreement. The bank can send an evaluator to evaluate the property value and help you make a reasonable offer. You can then sign the lease agreement to purchase the property and pay the deposit. The lender will then release the loan amount and you can proceed with completing the p...

Once you have found your dream property in Dubai, you can contact your bank and finalise your loan agreement. The bank can send an evaluator to evaluate the property value and help you make a reasonab...

How to Get a Mortgage in Dubai: A Complete Step-by-Step Guide

The Complete Financing Blueprint for Expats & Non-Residents

01

Finding a Lender

02

Choosing the Right Mortgage for You

03

Get a Pre Approval Letter from the Bank

04

Choosing a Desired Property

05

Finalise your Property Purchase

Frequently Asked Questions

Consult with our area experts for your dream investment!