Buying real estate in Dubai has become an increasingly attractive opportunity for international investors. With high rental yields, zero property tax, and consistent capital appreciation, the Dubai market offers promising returns. But many ask: Can I get a mortgage in Dubai as a non-resident? The answer is yes—with the right conditions and guidance.

This article breaks down everything you need to know about securing a mortgage as a non-resident looking to buy a property in Dubai.

Why Consider a Mortgage in Dubai as a Non-Resident?

Dubai welcomes foreign investment, and several local and international banks offer mortgage facilities to non-residents. Benefits include:

Leverage: Buy a property in Dubai with 50-75% financing
Lower cash outlay: Invest without locking up full capital
Competitive rates: Fixed and variable rates as low as 3.99% (as of 2024)
Diverse portfolio: Spread your global real estate investments

Eligibility Criteria for Non-Resident Mortgages in Dubai

While you can buy a property in Dubai as a non-resident, mortgage approval depends on meeting specific criteria:

1. Nationality

Banks generally offer mortgages to citizens of select countries (GCC, Europe, UK, US, Canada, Australia, India, etc.).

2. Minimum Income

You must typically prove a minimum monthly income of AED 25,000 to AED 40,000 (or equivalent in your local currency). Proof via salary slips and bank statements is required.

3. Employment Stability

Lenders prefer applicants with stable employment or income-generating business for at least 6-12 months.

4. Age

Minimum: 21 years
Maximum: 65 years (salaried) or 70 years (self-employed) at the end of loan tenure

How Much Can You Borrow as a Non-Resident?

Non-residents can usually borrow 50% to 70% of the property value, depending on the bank and the applicant’s profile.

Mortgage Limits

Ready Properties: Up to 50-60% financing
Off-plan Properties: Rarely financed by banks for non-residents (but available via developer plans)

Loan Tenure

15 to 25 years

Required Documents for Non-Resident Mortgage Application

To buy a property in Dubai with mortgage support, you’ll need:

Copy of passport
Proof of income (salary slips, 6-month bank statements)
Tax returns (for some countries)
Credit report (from your home country)
Sale agreement or MoU (once property selected)

Note: All documents may need to be translated and attested.

Best Banks in Dubai Offering Mortgages to Non-Residents

Some of the top financial institutions providing home loans include:

Emirates NBD
Mashreq Bank
HSBC
Standard Chartered
Abu Dhabi Commercial Bank (ADCB)
Abu Dhabi Islamic Bank (ADIB)

Each bank has its own interest rates, documentation, and eligibility policies. Working with a mortgage broker can help streamline the selection process.

Process to Buy a Property in Dubai with a Mortgage

Step 1: Pre-Approval

Apply for mortgage pre-approval from 1-3 banks. This shows your eligibility and sets a budget.

Step 2: Select Property

Choose from freehold areas such as Dubai Marina, Downtown, Arjan, Dubai Creek Harbour, or Palm Jumeirah.

Step 3: Sign MoU & Pay Deposit

Usually 10% deposit is paid to secure the deal.

Step 4: Bank Valuation & Final Approval

The bank sends an evaluator to inspect the property before issuing the final offer.

Step 5: Mortgage Registration & Transfer

At the Dubai Land Department (DLD), register the mortgage and transfer ownership.

Fees Include:

DLD Transfer Fee: 4% of the property price
Mortgage Registration Fee: 0.25% of loan amount + admin charges
Processing Fees: 1% of loan amount (varies by bank)

Tips to Secure a Mortgage as a Non-Resident

Improve your credit score: Your home country credit rating matters
Maintain a strong bank statement: Reflect consistent income and savings
Use mortgage brokers: They help with document preparation, bank selection, and negotiation

What Types of Properties Can You Buy with a Mortgage?

Most banks only finance ready-to-move-in properties. Popular types include:

Apartments
Villas
Townhouses

In areas like Business Bay, JVC, Dubai Hills, and MBR City. Off-plan purchases are usually self-financed or done via developer installment plans.

Advantages of Using a Mortgage to Buy a Property in Dubai

Capital efficiency: Use leverage to invest in more than one asset
Protection from inflation: Lock in fixed repayments while property values rise
Rental income covers EMI: In most cases, rental yields can cover your monthly mortgage

FAQs: Non-Resident Mortgages in Dubai

Q1: Can I get a mortgage in Dubai without UAE residency?
Yes, most major banks offer mortgage options for non-residents under specific conditions.

Q2: Is it better to pay cash or use a mortgage in Dubai?
Depends on your financial strategy. Mortgage allows you to maintain liquidity and diversify investments.

Q3: Do I need to open a UAE bank account?
Yes, most banks require an account for repayment setup.

Q4: Can I get a mortgage for an off-plan property?
Rarely as a non-resident. Most banks require a ready property. Developers may offer payment plans.

Q5: How long does the process take?
2 to 4 weeks, depending on documentation and property valuation.

Final Thoughts: Buy a Property in Dubai with Confidence

To buy a property in Dubai as a non-resident is absolutely possible—and easier than you might think. With the right documents, preparation, and support from an experienced advisor or mortgage broker, you can invest securely and profitably in one of the world’s most dynamic markets.

Whether you’re buying for lifestyle, rental income, or capital appreciation, Dubai provides solid ground for your real estate ambitions.

Need expert help with your Dubai property journey?
Contact our advisors to get pre-approved, compare bank offers, and secure your ideal investment.

Can I get a mortgage in Dubai as a non-resident?

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