How to Get a Mortgage in Dubai as an Expat

Buying property in Dubai has become increasingly attractive for expats, thanks to high rental yields, a tax-free environment, and world-class infrastructure. But what if you don’t want to pay the full amount upfront? Getting a mortgage in Dubai as an expat is not only possible, it’seasier than many expect.

This guide walks you through the full process of obtaining a home loan in Dubai as an expat, including eligibility, documents, down payments, and tips to improve your chances of approval.

Can Expats Get Mortgage in Dubai?

Yes, expats can apply for a mortgage in Dubai. Both residents and non-residents are eligible, but the conditions and loan-to-value (LTV) ratios vary:

Buyer Type	Maximum LTV (Loan-to-Value)
UAE Residents	Up to 80% of property value
Non-Residents	50%–60% of property value

Keep in mind that the Central Bank of the UAE regulates mortgage rules, and all banks must follow them.

Mortgage Eligibility Criteria for Expats

To qualify for a mortgage in Dubai, most banks require:

• Minimum monthly salary: AED 15,000–25,000

• Age: 21 to 65 years (at loan maturity)

• Stable employment (usually at least 6 months in UAE or 2 years overseas)

• Good credit history (local or international)

• Debt-to-Income (DTI) ratio below 50%

Required Documents for Mortgage Application

Here’s what most banks and lenders will ask you to submit:

For UAE Residents:

• Passport copy with visa page

• Emirates ID

• Salary certificate

• Last 3–6 months of bank statements

• Proof of address (e.g., utility bill or tenancy contract)

• Credit report (Al Etihad Credit Bureau)

For Non-Residents:

• Passport copy

• Proof of income (salary slips or tax return)

• 6-month bank statements

• Credit report from home country

• Proof of residence (in your home country)

Types of Mortgages in Dubai

1. Fixed-Rate Mortgage: Interest rate is locked for 1–5 years. Ideal for stability.

2. Variable-Rate Mortgage: Rate fluctuates with market. Often starts lower.

3. Islamic Mortgage (Ijara): Sharia-compliant financing with profit-based repayment.

Compare offers from multiple banks or consult a mortgage broker to find the best deal.

Down Payment Requirements

As per UAE law, the minimum down payment depends on the property value:

• Up to AED 5 million:

o 20% down for residents

o 50% down for non-residents

• Above AED 5 million:

o 30% down for residents

o 50%+ down for non-residents

In addition to the down payment, factor in:

• 4% DLD transfer fee

• 2% agency fee (typically)

• Bank processing & valuation fees (AED 2,500–3,000 on average)

Top Banks Offering Mortgages to Expats

• Emirates NBD

• Mashreq Bank

• HSBC UAE

• First Abu Dhabi Bank (FAB)

• Abu Dhabi Islamic Bank (ADIB)

• Standard Chartered

Some also offer non-resident mortgage programs, especially for Indian, British, and European investors.

Tips for a Smooth Mortgage Process

1. Get Pre-Approved First: It gives you a clear budget and helps close faster.

2. Maintain Good Credit: A clean credit history increases approval chances.

3. Avoid Multiple Applications: Too many inquiries can hurt your score.

4. Work with a Broker: They can compare banks and speed up the process.

5. Include All Costs: Budget for fees, service charges, and early payment penalties.

Should You Get a Mortgage or Buy in Cash?

Buying in cash may be faster and avoid interest, but:

• A mortgage allows you to leverage your investment

• Keeps your liquidity intact

• Offers potential tax benefits (depending on your home country)

Dubai offers expats a secure, flexible, and well-regulated mortgage market. Whether you’re planning to live in the property, rent it out, or invest for long-term capital gains, a mortgage can be a powerful financial tool—when used wisely.

With the right preparation, expert advice, and clear understanding of the process, you could own a piece of Dubai with as little as a 20% down payment.