The Dubai real estate market currently offers compelling investment prospects due to advantageous pricing and reduced interest rates. To assist non-resident investors, we have developed a guide that details available financing options, encompassing eligibility criteria and mortgage procedures.
Non residents Mortgage in Dubai
Financing options are available for overseas investors. However, it’s important to be aware that the range of mortgage products accessible to non-residents is generally more limited than what is offered to UAE citizens and residents.
As you begin exploring potential property investments, I recommend that you first seek to understand the specific types of mortgages that are available to non-resident investors in Dubai. This initial step will help you to navigate the financing landscape more effectively and align your property search with the available financial resources.
Eligibility for Non residents Mortgage in Dubai
Before you proceed with your application for a non-resident mortgage in Dubai, we wanted to highlight some general eligibility criteria that are typically considered. It is important to note that these are general guidelines, and the specific requirements can differ from one UAE bank to another.
Generally, banks may look for applicants who hold citizenship in a country they recognize. They will also likely want to see that you are either employed (salaried) or self-employed.
There might be age restrictions in place. For example, understand that Emirates NBD has a minimum age requirement of 21 yrs for non-resident mortgage applicants; other banks may or may not have the same..
Furthermore, meeting the bank’s minimum net monthly income is a key factor in their evaluation. To give you an idea, let’s consider an example that Emirates NBD generally requires expatriate residents to have a post-tax monthly income of at least Dirhams 12,000. You should expect similar income thresholds from other banks as well.
Lastly, it’s worth noting that some banks maintain approved lists of “property developers and specific real estate projects”. Therefore, it would be prudent to confirm that the property you are interested in is included on any such list maintained by the bank you choose to apply with.
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Documents required
The typical documentation required when applying for a non-resident mortgage, especially for properties here in Dubai.
- Generally, you can expect to provide a copy of your ‘valid passport’ for identification.
- 6 months bank statements
Depending on your situation, further documentation might be necessary.
- For instance, copies of your ‘tax returns’ may be requested.
- If you are employed, ‘salary certificates’ from your employer or your most recent payment slips will likely be needed.
- For self-employed individuals, a copy of your trading licenses and ‘audited financial statements’ are often required.
- Finally, you will also need to provide information of any present loan obligations.
Attributes of Non residents Home loans in Dubai
The following are the attributes of non residents home loans in Dubai.
- Interest rate
- Loan amount
- Tenure
- LTV ratios
- Interest rate
When exploring loan options with banks here in the UAE, it’s important to consider the different interest rate structures available to you. You’ll likely encounter both flat and reduced interest rate options. Taking some time to understand the pros and cons of each will help you determine which one aligns best with your financial situation and repayment goals.
Additionally, it’s worth noting that the interest rates offered to non-resident borrowers in the UAE, such as ourselves, may be slightly different compared to the rates offered to expat residents in Dubai. Keeping this potential difference in mind during your research will ensure you have a comprehensive understanding of the available terms.
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- Loan Amount
Loan amounts may vary significantly for example Emirates NBD may offer loan amounts up to 15 million AED whereas Ajman Bank may provide loan amounts up to 16 to 20 million AED. This shows that loan amounts are not fixed in all banks and they vary depending on the multiple factors.
- Tenure
The max tenure of loan for UAE residents is twenty five years, banks may reduce this tenure for non UAE residents based on profile. There is also an age restriction and applicant age should not be more than sixty five years old or seventy years of age during the term of the loan.
- LTV ratios
The first-time buyers of non-citizenship are having a minimum down payment of 20% for properties valued up to AED 5 million and 30% for properties exceeding this amount.
Some financial institutions may offer financing up to a max of 50% of the property value for non-resident applicants.
Banks offering loans
List of banks offering loans to Non residents in 2025
*HSBC
*Dubai Islamic Bank
* Abu Dhabi Islamic Bank
* Standard Chartered
* First Abu Dhabi Bank
* Abu Dhabi Commercial Bank
* Ajman Bank
* Emirates Islamic Bank
Take away
It is recommended that you do good research work on different mortgage products and review their specific terms for non-residents to find the best option for your situation. This will help ensure a smoother way for the application process and also to proceed with the loan approval.
About the author
Vinay Kumar Goguru is a finance professional with more than 8 years of diverse experience as a researcher, instructor and Industry work experience with both public and private entities. Prior to MyMoneySouq, he spent 6 years in Berkadia, It's a commercial mortgage banking company. He has a "Doctoral Degree in Commerce" and two master's degrees with a specialization in Finance, one as Master of Commerce and other as Master of Business Administration. He has written several articles on personal finance, published by different International journals. He loves traveling, reading and writing is his passion. He has a dream of writing a book on his favorite finance topics.
