Wondering how to get a Dubai mortgage as a non-resident? This guide breaks down the process, requirements, and tips for financing property for non-resident investors.
Dubai’s real estate market is one of the most attractive in the world. Modern infrastructure, high rental yields, and investor-friendly policies make it a magnet for global buyers. But if you’re a non-resident looking to finance your investment through a mortgage, you may be wondering: Can you get a mortgage in Dubai as a non-resident? The answer is yes.
This guide explains exactly how to get a mortgage in Dubai, what you’ll need, and how Livin’ Experts can support you every step of the way.
Can You Get a Mortgage in Dubai as a Non-Resident?
Yes, non-residents can get a mortgage in Dubai, though the process differs slightly from resident buyers. Most banks and financial institutions offer mortgage products for non-residents, especially for ready properties. Off-plan financing options are also emerging, but they may come with stricter terms or larger down payment requirements.
Yes, non-residents can get a mortgage in Dubai, though the process differs slightly from resident buyers. Most banks and financial institutions offer mortgage products for non-residents, especially for ready properties. Off-plan financing options are also emerging, but they may come with stricter terms or larger down payment requirements.
Who Is Considered a Non-Resident?
In mortgage terms, a non-resident is someone who:
- Lives outside the UAE
- Does not have a UAE residence visa
- May or may not have a UAE bank account
You can still apply for a mortgage in Dubai even if you live abroad, as long as you meet the financial criteria set by local lenders.
Mortgage Process in Dubai: Step-by-Step
1. Initial Assessment
Before anything else, it’s best to get a mortgage pre-approval. This gives you a clear idea of your borrowing capacity and shows sellers that you’re a serious buyer.
- Processing time: 3 to 7 working days
- Valid for: 60 to 90 days
- Required documents: passport copy, income proof, bank statements, credit report
See our full Buyers’ Guide for more planning tips.
2. Choose the Right Property
Mortgages for non-residents typically apply to ready properties, especially in freehold zones where foreigners can legally own property. Examples include:
- Downtown Dubai
- Jumeirah Village Circle (JVC)
- Business Bay
- Dubai Marina
Looking to buy? Explore off-plan and ready options with our expert agents.
3. Compare Lenders and Mortgage Types
There are two main types of mortgages in Dubai:
- Fixed-rate: Your interest rate is locked in for a set period, typically 1 to 5 years
- Variable-rate: The rate fluctuates with the EIBOR (Emirates Interbank Offered Rate)
Key criteria to compare:
- Interest rates (average range: 3.5% to 5.5% for non-residents)
- Loan tenure (maximum 25 years)
- Minimum salary or income requirements
- Down payment percentage
Tip: Use a mortgage broker or advisor to access the best offers. Livin’ Experts can connect you to trusted financial partners.
4. Submit Your Application
Once you’ve chosen a lender and property, your full mortgage application will be processed. You’ll need:
- Copy of passport
- Proof of income such as salary slips or business income
- Bank statements from the last six months
- Credit report from your home country
- Property sale agreement
Most lenders will assess your Debt-to-Income Ratio (DTI). Typically, your monthly liabilities should not exceed 50% of your monthly income.
5. Down Payment and Costs
As a non-resident, you’ll typically need a higher down payment:
- Ready property: Minimum 20 to 25%
- Off-plan property: Up to 50% or more
Other fees to consider:
- Property Valuation: AED 2,500 to AED 3,500
- Mortgage Registration: 0.25% of the loan + AED 290
- Processing Fee: 0.5% to 1% of loan amount
- Land Department Fee: 4% of property price
Want a full breakdown of costs? Visit our Mortgage Service page.
6. Final Offer and Property Transfer
Once the mortgage is approved and the down payment is paid, your bank will issue a final offer letter. Then, the property is transferred to your name at the Dubai Land Department. You’ll need:
- A No Objection Certificate (NOC) from the developer
- Final signed contracts
- Mortgage registration at the DLD
Who Offers Mortgages to Non-Residents in Dubai?
Here are a few banks that commonly finance non-residents:
- Emirates NBD
- Mashreq Bank
- HSBC
- Abu Dhabi Islamic Bank (ADIB)
- Standard Chartered
Each bank has different risk criteria, so working with an advisor can save you time and help you secure better terms.
Key Considerations When Getting a Mortgage in Dubai
Loan Currency
Mortgages are issued in AED, so you’ll need to factor in currency exchange rates if your income is in a different currency.
Early Settlement Fees
Some banks charge a fee if you repay your mortgage early. This is usually around 1%
Mortgage on Off-Plan
If you’re buying off-plan, check if the developer has partnerships with banks. These are often easier to finance.
Rental Potential
If you’re planning to rent out your property, you can use the expected rental income to offset your mortgage costs. Livin’ Experts offers full property management and holiday home services to help maximize your returns.
Why Work with Livin’ Experts?
We don’t just help you find a home. We help you understand the numbers behind it. Our mortgage specialists guide you from eligibility checks to loan disbursal and beyond.
Whether you’re buying your first Dubai investment or adding to your portfolio, our team ensures full transparency, personalized advice, and peace of mind.
- Local expertise
- Trusted banking partners
- In-house legal and mortgage support
- Full after-sales service
Ready to Start Your Dubai Property Journey?
If you’re serious about getting a mortgage in Dubai as a non-resident, now is the time to act. Dubai’s real estate market is booming, and smart financing is your key to securing a profitable investment. Visit our Mortgage Service page to get started or speak to a Livin’ Experts mortgage advisor today.
