Getting a Mortgage in Dubai
A clear, practical guide to mortgage finance in Dubai for residents and non-residents.
Can You Get a Mortgage in Dubai?
Yes. UAE banks offer mortgage products to both UAE residents and non-residents. The terms differ depending on your residency status, income, and the property you're purchasing.
- UAE Residents: up to 80% LTV for first property under AED 5M
- Non-Residents: typically up to 50% LTV
- Minimum salary requirements vary by bank (typically AED 15,000/month)
- Self-employed applicants need 2 years of audited accounts
The Mortgage Process in Dubai
Getting a mortgage in Dubai involves pre-approval, property valuation, and final offer. Working with a qualified mortgage broker significantly speeds up the process and gives you access to better rates.
- 1. Get a mortgage pre-approval (in-principle letter)
- 2. Find your property and agree a price
- 3. Bank commissions an independent property valuation
- 4. Receive formal mortgage offer
- 5. Complete the DLD transfer with mortgage registration
Fixed vs Variable Rate Mortgages
Dubai banks offer both fixed-rate and variable-rate mortgages. Fixed rates provide certainty for 1–5 years before reverting to a variable rate. Variable rates track the EIBOR (Emirates Interbank Offered Rate).
Frequently Asked Questions
How long does mortgage approval take in Dubai?
Pre-approval typically takes 3–7 working days. Full approval after property selection takes 2–4 weeks depending on the bank.
What documents do I need for a Dubai mortgage?
Typically: passport, UAE visa, Emirates ID, salary certificates or bank statements (6 months), and proof of address. Self-employed applicants also need audited accounts.
Should I use a mortgage broker?
Yes. A qualified mortgage broker has access to multiple lenders, can negotiate better rates, and handles the paperwork. TDPA-listed mortgage brokers are RERA-registered professionals.
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