Dubai’s real estate market is a major attraction for expats looking to invest or settle down. If you’re considering buying a property here, understanding the mortgage process is key. Here’s a simplified guide for expats.
Can Expats Get a Mortgage?
Yes, expats can apply for mortgages in Dubai. Most banks require:
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A valid residency visa (some offer options to non-residents)
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Minimum monthly income (usually AED 15,000+)
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Good credit history
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Up to 75–80% financing of the property value
Types of Mortgages
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Fixed-Rate Mortgage – Interest stays the same for a set period
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Variable-Rate Mortgage – Interest fluctuates with the market
Some banks also offer hybrid plans.
Documents You’ll Need
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Passport + visa copy
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Emirates ID
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Salary certificate or proof of income
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6-month bank statements
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Credit report
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Property documents
Costs to Consider
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Down payment: At least 20–25%
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Mortgage fees: Arrangement (1%), property registration (4%), valuation, and insurance
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Early settlement fees may apply if you pay off your loan early
Ready vs Off-Plan Properties
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Ready properties: Easier to finance
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Off-plan: Limited mortgage options; developers may offer flexible payment plans
Should You Use a Mortgage Broker?
Mortgage brokers can compare deals, handle paperwork, and help you get the best rate—especially useful for expats unfamiliar with UAE banking systems.
