Mortgage Guide Dubai | UAE Home Loans for Expats

Can Expats Get a Mortgage in Dubai?

Yes. UAE-based banks offer mortgages to both UAE residents and non-residents. Expats can borrow up to 75% of the property value (for properties under AED 5 million), meaning a minimum deposit of 25%. UAE nationals can borrow up to 80% LTV. Non-residents (buying from outside the UAE) can typically access 50–65% LTV depending on the bank.

How Much Can You Borrow?

Properties under AED 5M: max 75% LTV (expats)

Properties above AED 5M: max 65% LTV (expats)

UAE Nationals: max 80% LTV on all properties

Non-residents (abroad): typically 50–65% LTV

Monthly repayment must not exceed 50% of gross salary

Maximum mortgage term: 25 years (age limit 65 at maturity)

Fixed vs Variable Rate Mortgages

Fixed Rate

Your interest rate is locked for a set period (typically 1–5 years). Offers certainty and protection against rate rises. Usually slightly higher than variable but predictable monthly payments.

Variable Rate

Rate tracks the Emirates Interbank Offered Rate (EIBOR). Can go up or down with market conditions. Often starts lower but carries risk if rates rise.

Which is Right for You?

If you plan to hold the property long-term and want payment certainty, fixed is safer. If you believe rates will fall or plan to sell within a few years, variable may save money.

Step-by-Step Mortgage Process

Pre-Approval

Submit your income documents to the bank. They assess your salary, liabilities and credit history and issue a pre-approval letter — valid for 60–90 days.

Property Valuation

The bank commissions an independent valuation of the property. The mortgage is based on the lower of purchase price or valuation.

Final Offer Letter

Bank issues the final mortgage offer. Review all terms — interest rate, fees, early settlement penalties.

Sign & Register

Mortgage is signed at the DLD Trustee Office simultaneously with the property transfer. Mortgage registration fee of 0.25% of loan applies.

Frequently Asked Questions

What documents do I need for a UAE mortgage?

Typically: passport copy, UAE residence visa, Emirates ID, last 3–6 months bank statements, last 3 months salary slips (or audited accounts if self-employed), employment letter, and the property's MOU/SPA.

How long does mortgage approval take?

Pre-approval typically takes 3–5 working days. Full approval and disbursement takes 2–4 weeks depending on the bank and property type.

Can I get a mortgage as a non-resident?

Yes. Several UAE banks offer non-resident mortgages at 50–65% LTV. Requirements are stricter — you'll need to show strong income from abroad and a clean credit history.

Are there early settlement penalties?

Yes — typically 1–3% of the outstanding loan balance if you settle within the fixed rate period. Check your mortgage terms carefully before settling early.