A non-resident can get a UAE bank mortgage on ready Dubai property. The down payment for a non-resident is roughly 40–50% of the price, the term runs up to 25 years, and the rate is usually tied to EIBOR. You need pre-approval, proof of income and a valuation. For off-plan a developer payment plan is more common than a classic mortgage.
Down payment and loan size
For a non-resident, UAE banks typically finance about 50–60% of the value, so the down payment is roughly 40–50% plus transaction fees. Residents with an Emirates ID get softer terms (up to 80% on a first property below a threshold). The exact cap depends on the bank, the property and the borrower profile.
Rates and term
Rates may be fixed for 1–5 years, then floating on EIBOR plus the bank's margin. The term runs up to 25 years, with an age cap at maturity (usually 65–70). Early repayment is possible but may carry a fee.
Documents and pre-approval
- Passport, proof of income (payslips, statements, tax returns where applicable), 3–6 months of bank statements.
- Bank pre-approval before choosing a property — it fixes the budget and strengthens your position.
- Valuation by an accredited valuer, plus life and property insurance.
Off-plan: payment plan instead of a mortgage
During construction a classic mortgage is usually unavailable — a developer payment plan is used instead (e.g. instalments during construction and post-handover). A mortgage on such a unit can be arranged closer to handover.