Your Guide to Non Resident Mortgages
Your Guide to Finding the Right Mortgage
Non-residents eligible for a home mortgage in Dubai include citizens of approved countries, salaried or self-employed individuals meeting income criteria, and those above a specified age.
Non-UAE residents applying for mortgage loans in Dubai typically need a valid passport, bank statements, tax returns (if applicable), salary certificates or payslips, trade licence, audited financial statements (for self employed), and details of existing loans.
Home loans for non-residents in Dubai offer loan amounts varying by bank, require minimum down payments based on property value, entail slightly higher interest rates than for expat residents, and may have shorter loan tenures with age restrictions.
Banks offering home loans for non-UAE residents include Dubai Islamic Bank, HSBC, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, Emirates Islamic Bank, Ajman Bank, Standard Chartered, and Abu Dhabi Commercial Bank.
Eligibility criteria for non-resident home loans in Dubai typically include citizenship from approved countries, being a salaried or self-employed individual, meeting minimum income requirements, and property approval from the bank's list of developers and projects.
Non-resident investors in Dubai may encounter different loan terms. As per UAE Mortgage Law, non-UAE nationals typically need a down payment of 20% for properties under AED 5 million and 30% for properties above. However, some banks may offer financing up to 50%.
Explore our services today.
Navigating the Dubai mortgage market can feel overwhelming, especially for those new to the process of buying a home. At The Pearl Gates, we understand the complexities involved and strive to simplify the journey for you. Our comprehensive mortgage services provide guidance and support at every stage, ensuring a seamless experience from pre-approval to closing. With our expertise and personalised approach, we help you explore tailored mortgage options, ensuring the best solutions for your needs
Discover your ideal mortgage here.
At The Pearl Gates, we understand the importance of finding the perfect mortgage to achieve your property goals. That's why we offer a diverse range of tailored mortgage deals to suit your unique needs and financial circumstances. Our dedicated team of advisors will collaborate closely with you to explore options, ensuring the perfect fit for your home financing needs. Whether you need stability with a fixed rate or flexibility with a variable rate or more, we have options for every requirement.
How can I estimate my potential loan amount?
Estimate your potential loan amount with ease using our mortgage calculator. Our online tool takes into account factors such as the loan amount, interest rate, and repayment term to provide an accurate estimate of your monthly mortgage payments.
