Expat Mortgage in Dubai: The Easy Way to Own Property in the UAE with Behomes
The UAE remains one of the most attractive real estate markets for foreign investors, thanks to its stable economy and rapid development. Expat mortgage in Dubai allows non-residents to purchase property; however, the lending terms differ from those for UAE citizens and residents. Banks offer various financing schemes, including flexible repayment terms and a choice between fixed or variable interest rates. However, mortgage rates for non-residents can be higher, and the required down payment is usually significant. Before applying, it is essential to review available offers, prepare the necessary documents, and ensure your income meets the bank’s requirements.
What is a mortgage for expats in Dubai?
Expat mortgages in UAE provide foreign investors with the opportunity to buy property, though the terms depend on the policies of each bank. To improve your chances of mortgage approval, it's crucial to research available programs, prepare financial documents, and meet lender requirements.
Available mortgage options for non-residents, with interest rates ranging from 5% to 7%.
Maximum loan tenure typically extends up to 25 years.
Mortgages can be obtained without permanent residence in the UAE
Down payment requirements typically range from 40% to 50%.
How to Choose the Best Expat Mortgage in the UAE
Understanding expat mortgage rates is essential, as they vary depending on the bank, loan duration, and type of property. Behomes provides expert mortgage assistance in the UAE, helping clients find the best financing solutions tailored to their financial goals.
Submit your request now and get a free consultation!
How to Get a Mortgage in the UAE as a Foreigner?
Obtaining a mortgage for foreigners in Dubai is possible, but it requires a careful approach. Banks evaluate the borrower’s financial stability, credit history, and income. One crucial factor is foreign income mortgage — if your income comes from outside the UAE, you will need to provide supporting documents.
Required Documents:
General Documents for All Applicants
- Emirates ID
- Copy of a valid passport
For Business Owners & Entrepreneurs
- Trade License
- Company bank statements for the last six months
- Memorandum of Association (MOA) with amendments
- Audited financial reports for the last two years
For Salaried Individuals
- Salary Certificate
- Bank statements for the last six months
- Payslips for the last six months
For Co-Borrowers (if applying jointly)
- Bank statements for the last six months and payslips
- Income Certificate (if applicable)
- MOA and Trade License (if the co-borrower is also a business owner)
Banks offer various mortgage options for expats, so researching best expat mortgages before applying can help you find the most competitive deal
Behomes will guide you through the mortgage process in the UAE and help you find the best financing solution. Get your free consultation today!
Types of Mortgage Loans in the UAE
In the UAE, mortgage interest rates are typically fixed for the first 3 to 5 years, after which they become variable and fluctuate based on market conditions. Generally, interest rates increase after the fixed period, which borrowers should factor into their long-term financial planning. When choosing a mortgage, it’s important to consider not only the interest rate type but also whether your chosen property qualifies for mortgage financing. For example, off-plan properties are subject to specific financing conditions, depending on the developer and bank policies. A preliminary consultation with experts is recommended to confirm your property’s eligibility for mortgage financing.
How to Choose the Best Expat Mortgage in Dubai?
Selecting the right expat mortgage in Dubai depends on several factors:
Purpose of Purchase
Decide whether you are buying a property for personal residence or investment. Your choice will affect financing terms and potential tax benefits.
Interest Rate Type
Expat mortgage rates can be either fixed, ensuring stable payments, or variable, allowing borrowers to benefit from potential rate decreases.
Loan Tenure
Banks offer mortgage terms from 5 to 25 years, and it’s crucial to assess how loan duration impacts monthly payments and overall mortgage costs.
If you're looking for the best expat mortgages, consider banks that specialize in financing for foreigners.
Calculate your mortgage with Behomes
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Mortgage with Foreign Income: How to Prove Your Earnings?
To qualify for a foreign income mortgage in Dubai, foreign buyers must verify their financial stability. Banks typically require:
Bank statements for the last six months to assess cash flow.
Income verification documents – tax returns, employment contracts, salary certificates.
Proof of business stability, if the borrower is self-employed (financial reports, company registration documents).
Residency Unlocks Better Mortgage Terms
While expat mortgages in UAE are available for non-residents, having an investor or work visa can improve mortgage conditions. Behomes assists expats in obtaining residency visas, providing access to better mortgage programs.
Securing an expat mortgage in Dubai offers a real opportunity to purchase property in one of the world’s most dynamic real estate markets. However, choosing the right financing requires a thorough analysis of interest rates, loan conditions, and borrower requirements. Behomes will help you navigate the mortgage process and select the best financing solution.
Submit your request now, and our experts will find the best mortgage options for you!
Any questions?
Check out the FAQs
Still have unanswered questions and need to get in touch?
Yes, foreigners can obtain a mortgage in Dubai; however, the terms differ from those available to UAE citizens. Expats typically need to provide a higher down payment (starting from 40%), proof of stable income, and a strong credit history. Available mortgage programs vary based on residency status, employment type, and the policies of individual banks.
A mortgage for foreigners in the UAE is a loan designed for non-residents looking to purchase property in the country. These mortgage programs generally require a higher down payment (from 40%), income verification, and a solid credit history. Loan terms, interest rates, and eligibility criteria differ depending on the bank and the applicant’s financial profile. Behomes provides expert mortgage assistance, helping clients secure the best financing solutions tailored to their financial goals. If you’re considering an Expat mortgage in Dubai, our specialists can guide you toward the most competitive options.