Dubai Property Mortgage Guide
Complete guide to Dubai property mortgages covering eligibility requirements, bank options, loan processes, and 80% financing available for foreign buyers investing in Dubai real estate.
Mortgage Available
Interest Rates
Year Terms
Up to 80% Loan
Mortgage Eligibility for Foreign Buyers
All major UAE banks offer 70-80% mortgages to foreign buyers. Basic requirements include valid passport, visa, employment letter, and proof of funds. Self-employed and business owners can also qualify with business registration and accounts.
Employment or Business Proof
Valid job letter or business registration documents
Income Documentation
Salary certificates and 12+ months bank statements
Valid Visa & Passport
Current UAE residency visa or passport
No Default History
Clean credit record with UAE and international banks
Property Value Appraisal
Independent bank valuation of selected property
Debt-to-Income Ratio
Typically max 50% of monthly income allocated to mortgage
Easy Qualification
UAE Banks Offering Dubai Property Mortgages
Major financial institutions serving property investors
Emirates NBD
Interest Rate: 2.99-4.5% • LTV: 80%
Competitive rates, fast approval, international transfers
FAB (First Abu Dhabi Bank)
Interest Rate: 3.0-4.2% • LTV: 80%
Flexible terms, digital application, premium service
ADIB
Interest Rate: 3.1-4.4% • LTV: 75-80%
Islamic and conventional, good customer service
DIB (Dubai Islamic Bank)
Interest Rate: 3.2-4.5% • LTV: 75%
Islamic banking, Sharia-compliant, competitive terms
Commercial Bank of Dubai
Interest Rate: 3.0-4.3% • LTV: 80%
Local expertise, personalized service, off-plan support
ADCB
Interest Rate: 3.1-4.4% • LTV: 75-80%
Strong rates, international presence, flexible conditions
Dubai Mortgage Process Step-by-Step
Timeline and requirements for loan approval
1. Bank Consultation
Meet banks, discuss loan options, compare rates and terms
2. Document Submission
Submit employment letter, salary slips, bank statements, proof of income
3. Property Valuation
Bank appraises property to determine loan amount (typically 80% LTV)
4. Loan Approval
Bank processes application and issues mortgage approval letter
5. Legal Documentation
Complete mortgage documents and register with Dubai Land Department
6. Funds Disbursement
Bank transfers mortgage to RERA escrow or developer account
Mortgage Comparison Example
See how mortgage costs compare with cash purchase
1M AED Property - 80% Mortgage
Mortgage vs Cash Benefits
- Lower upfront capital required (only 20% vs 100%)
- Preserves liquidity for other investments
- Monthly payments tax-deductible in some countries
- Mortgage interest cost offset by property appreciation
- Leverage: invest more properties with same capital
- Monthly payment (3.6K) less than typical rent (5-8K)
Mortgage FAQs
Can I get a mortgage as a non-resident?+
Yes, non-residents can get 70-80% mortgages. Residency is not required, just valid employment and proof of income.
What's the minimum down payment needed?+
Typically 20% but can be lower (10-15%) with higher down payment discounts on off-plan properties.
How long is the mortgage approval process?+
Usually 7-14 days after document submission. Off-plan mortgages may take 2-3 weeks due to additional evaluations.
Can I refinance my mortgage later?+
Yes, refinancing is possible after 1-2 years to lock in better rates or access equity for other investments.
Are there prepayment penalties?+
Most UAE banks allow extra payments or full prepayment without penalty. Clarify terms before signing.
Can self-employed buyers get mortgages?+
Yes, with business registration, audited accounts (2+ years), and proof of business income from bank statements.