Are Non-Residents Eligible for a Mortgage in Dubai? Dubai’s real estate market has long been a magnet for global investors, offering high rental yields, a tax-free environment, and a luxurious lifestyle. But can non-residents secure a mortgage to finance their dream property in this vibrant city? The answer is yes—with the right guidance and expertise.
Mortgage Options for Non-Residents
Non-residents can apply for mortgages in Dubai through several banks and financial institutions. However, the terms and conditions differ from those available to UAE residents. Here’s what non-residents need to know:
1. Loan-to-Value (LTV) Ratio
Most banks offer an LTV of up to 65% for non-residents, meaning you’ll need to make a down payment of at least 25-50% of the property’s value.
2. Eligible Nationalities
Banks in Dubai typically extend mortgage services to individuals from select countries. If you are from a high-risk country, you may face additional scrutiny or restrictions.
3. Interest Rates
Mortgage interest rates for non-residents range between 4% and 6%, depending on the lender and loan tenure. These rates may be higher than those available to UAE residents due to perceived risk.
4. Required Documents
To apply for a mortgage in Dubai as a non-resident, you’ll typically need:
- A valid passport
- Proof of income (salary certificate or business incorporation documents)
- Bank statements (last 3-6 months)
- Credit report (from your home country)
- Property details
5. Mortgage Tenure
Most non-resident mortgages in Dubai come with a tenure of up to 25 years, but some lenders may impose shorter terms.
Why Dubai Is a Great Investment Destination for Non-Residents
- High Rental Yields – Dubai offers 5-8% rental returns, making it an attractive destination for investors.
- No Property Taxes – Unlike many global markets, Dubai does not impose annual property taxes.
- Strong Infrastructure & Economy – With continuous development and economic growth, property values remain strong.
- Golden Visa Opportunities – Investing in Dubai real estate can help you qualify for a 10-year residency visa.
How Capital Zone Mortgage Broker Can Help You Secure a Mortgage
Navigating the mortgage process as a non-resident can be complex, but Capital Zone Mortgage Broker simplifies the journey for you. Our team of experienced mortgage advisors:
Find the Best Rates
We compare mortgage options from top banks to secure the lowest interest rates for you.
Handle Documentation
Our experts assist with paperwork, ensuring a smooth application process.
Work with Non-Resident Friendly Banks
We connect you with banks that specialize in non-resident mortgages.
Fast Approval Process
With our strong banking relationships, we expedite approvals so you can close your deal quickly.
Get Your Dubai Mortgage Hassle-Free!
If you’re a non-resident looking to invest in Dubai’s real estate market, Capital Zone Mortgage Broker is your trusted partner. We’ll guide you every step of the way to secure the best mortgage deal for your dream property.
Contact us today for a free consultation!
Visit our website: Capital Zone Mortgage Broker
Email us: info@capitalzone.com
Website | Linkedin | Instagram | Facebook