Home Loans For UAE Non-Resident
Our excellent mortgage consultants in Dubai will help you to secure the best mortgage deals in the UAE whether you’re a first time buyer, re-mortgaging your home or constructing your own villa. We will help you throughout the mortgage process – no hidden costs or surprises, just straightforward, honest mortgage advices.
We work for you, Not for the banks!
Capital Zone Mortgage Brokers was established to assist purchasers in their mortgage quest. When you’re looking to buy your property, our mortgage brokers can provide sage advice because they are knowledgeable in the subject.
The mortgage team can provide you advice on which bank would be the most suitable for your needs because they have developed partnerships with several banks over the years.
Mortgage Loans for non-resident investors in Dubai-UAE
Both Resident and Non-resident investors have their eyes on Dubai’s broad real estate market because of the city’s reasonable prices and low loan rates. Those who reside outside of Dubai can easily purchase real estate there without experiencing financial hardship by using the “mortgage in Dubai for non-residents” option.
You can find all the information you need in our guide below if you’d like to know more about who is qualified for non-resident home loans in Dubai and how such mortgages operate.
Is it possible to get a mortgage in the UAE for a Non-Resident?
Yes, mortgages are available to foreign investors who want to buy a house in Dubai to add to their real estate portfolio or as a vacation home. With a mortgage in Dubai for non-residents, you’ll profit in a number of ways as an investor, including high loan amounts and improved flexibility. In contrast to UAE residents and expats, non-resident international investors have fewer possibilities for property loans, thus it’s crucial to be aware of this. Before continuing, it is also crucial to understand the different types of mortgages available in Dubai.
Who can get a mortgage loan in UAE from overseas investors?
Make sure you meet the requirements before applying for a non-resident mortgage in Dubai, UAE.
Keep in mind that these standards may vary amongst banks in the UAE and are meant to serve as a basic guideline.
- Before submitting an application for a non-resident house loan in Dubai, you might need to be a citizen of one of the nations on the bank’s list.
- To apply for a non-resident mortgage, you must be a salaried or independent contractor.
- For those looking to apply for a mortgage in Dubai as a non-resident, certain institutions also impose age requirements. For instance, ADCB mandates that non-resident applicants for home loans be older than 25 years of age.
- Additionally, you must fulfill the bank’s minimum monthly income criteria, which varies depending on whether you are a resident of the UAE or not.
- A list of real estate developers and projects that are eligible for mortgage funding is also available from some banks. Before making a mortgage application, you must confirm that your property is included in this list of permitted properties.
Which Banks In The UAE Offer Home Loans For NON-UAE RESIDENT?
Banks that offer 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
- Abu Dhabi Commercial Bank
Please note that these banks have specific eligibility criteria that applicants have to meet to qualify for a mortgage in Dubai for non-residents.
UAE mortgages: step-by-step Guide
The main steps for getting a mortgage in Dubai-UAE are as follows:
- Decide whether to approach the bank directly or use a broker;
- Do your research to find the right type of mortgage for your circumstances;
- Obtain an agreement in principle from the bank and ask for a letter providing evidence of this;
- Find a suitable property within your budget and make an offer;
- Once you have agreed on a price, pay your deposit to confirm your purchase and agree on a completion date;
- On the completion date, the mortgage lender will release the funds to the seller
Mortgage Calculator
Calculate how much you can afford to borrow with our easy to use mortgage calculator
- We’ll evaluate all available products in the market and short list the most suitable options for you
- We’ll coordinate all necessary documents, secure your mortgage pre-approval, and complete your bank application forms.
- We’ll handle all bank interactions, and co-coordinate the property valuation and mandatory life insurance.
- Once the mortgage is secured, we’ll coordinate the property transfer. We even provide advice after settlement.
Why we are the best Mortgage Broker in Dubai?
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Required Documents To Apply for a mortgage in dubai for Non-Resident
Personal Documentation
- Passport
- Bank statements (for the last 3 to 6 months; as proof of funds)
You may be asked to produce additional documents to get a home loan for non-residents in Dubai-UAE, such as:
- Tax returns (if applicable)
- Salary certificates or pay slips (if you are a salaried individual)
- Trade licence and audited financial statements (if you are self-employed)
- Details of any existing loans
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How to get Approved?
Wondering how it all works? Here are few criteria we take into action.
- Down Payment - Your down payment is your first stake in your new home
- Credit Score - The better your score, the more likely you are to get a great interest rate
- Employment History - A steady work history tells us how you well you will be able to meet your mortgage
- Debt Burden Ratio - Ratio helps us determine how much mortgage you can afford
Down Payment
Employment History
Credit Score
Debt Burden Ratio
Our Banking Partners
We work with more than 15 different lenders to get you the best mortgage in the UAE!
Our Mortgage Services
We will be glad to provide you with the most optimal solution either for your mortgage or money loans matters.
New Purchase
Whether It's your first or second mortgage we are here to help you to get the best possible rates and conditions and guide you through the whole process of getting the new property.
Equity Release
Releasing equity from your property can be a good idea to renovate your property or fund another purchase. You can avail up to 70%-80% loan to value of your existing property.
Re-Mortgage
Refinancing your home is simply getting a better mortgage deal to replace the original mortgage. Refinancing is done to allow a borrower get a better rate to save on interest.
Non-Resident Mortgage
Non resident can get up to 75% loan to value for purchasing a property in the UAE.
Loans Against Rental Income
The rental income can be used along with other income, such as your salary to increase your borrowing power or else mortgage out of the rental income purely are also available.
Under Construction & Off Plan
Arrange up to 50% loan to value (LTV) for the off plan or under construction property. The LTV can be increased after the handover.
Commercial & Building Finance
We also assist our clients in planning and arranging finance for residential as well as commercial developments.
Construction & Land Financing
When you own a piece of land, you can build a space that is uniquely yours, We help to acquire the land for you so that you can start turning your dream into reality.
Call Us Today for FREE Consultations
Our team of brokers can help with all of your home loan and commercial finance needs!
Frequently Asked Questions
Yes, both expatriate residents and non-resident investors can obtain a mortgage to finance their property purchases in Dubai. However, the LTV ratios for foreign investors will differ from those for UAE nationals.
It is possible to leave the UAE with outstanding mortgage debt. You will need to inform your bank, which will likely amend the terms and interest rate of your mortgage and convert it into a non-resident mortgage. In certain circumstances, the bank may ask you to settle the mortgage in full before leaving the UAE. You could choose to sell the property or refinance it through a different lender in such situations; however, you will be subject to an early settlement fee.
A conventional mortgage is where your loan repayments will include paying a rate of interest to the bank, this is their profit for lending you the funds.
An Islamic mortgage differs from a conventional mortgage because under Shariah Law it is forbidden to charge interest on a loan, so in this case banks will buy the property on your behalf and rent or lease it back to you for a profit.
This depends on your occupation. Salaried candidates will usually have to endure 1 week until approval, whereas self-employed candidates may have to endure a longer period.
Yes, they can, although the conditions and possible charges will be different for non-residents.
Your credit limit is determined by your present income and liabilities. Depending on the bank, this may change.
EIBOR is the Emirates Interbank Offered Rate, which is the rate at which banks lend to each other. EIBOR rates change daily and can be checked on the Central Bank website here
The minimum down payment for a property under AED 5million is 20% for an expat or 15% for a UAE national. The minimum down payment for a property over AED 5million is 30% for an expat or 25% for a UAE national.
