{"id":2093,"date":"2021-10-26T02:08:06","date_gmt":"2021-10-25T22:08:06","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=2093"},"modified":"2021-10-26T14:31:34","modified_gmt":"2021-10-26T10:31:34","slug":"non-resident-mortgage-in-dubai","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/","title":{"rendered":"A Guide to Dubai Mortgage for Non Residents | Non resident mortgage in Dubai, UAE"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"A_guide_on_Non_Resident_mortgage_in_Dubai_How_to_buy_a_UAE_property_with_Dubai_Mortgage_for_Non_Residents\"><\/span><b>A guide on Non Resident mortgage in Dubai, How to buy a UAE property with Dubai Mortgage for Non Residents<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Many people are attracted to purchasing a property in UAE maybe because of quality of life, tax-free income, and more savings. If you are a<\/span><b> non -resident <\/b><span style=\"font-weight: 400;\">and decide to settle permanently in UAE it is best to own a home here to escape from skyrocketing rental charges then you should avail offers available on <\/span>Dubai mortgage for non residents<\/p>\n<p><span style=\"font-weight: 400;\">As of now many non-residents started investing in buying villas and apartments in the UAE, as they are comfortable with this lifestyle and some people prefer tax-free capital gains and few other needs tax-free rental yields that can reach about 10% primarily on the smaller apartments. The changes that occurred in UAE regulation recently have further opened up <\/span><b>UAE properties<\/b><span style=\"font-weight: 400;\"> to overseas buyers and brought a significant impact on their industry.<\/span><\/p>\n<figure id=\"attachment_2094\" aria-describedby=\"caption-attachment-2094\" style=\"width: 410px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2094\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2021\/01\/mortgage-1.png\" alt=\"non resident mortgage dubai\" width=\"410\" height=\"410\" \/><figcaption id=\"caption-attachment-2094\" class=\"wp-caption-text\">dubai mortgage for non residents<\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a232900ca8d0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a232900ca8d0\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#A_guide_on_Non_Resident_mortgage_in_Dubai_How_to_buy_a_UAE_property_with_Dubai_Mortgage_for_Non_Residents\" >A guide on Non Resident mortgage in Dubai, How to buy a UAE property with Dubai Mortgage for Non Residents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#What_properties_can_Non-Residents_Purchase_on_Mortgage_in_Dubai_UAE\" >What properties can Non-Residents Purchase on Mortgage in Dubai &amp; UAE?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Abu_Dhabi_property\" >Abu Dhabi property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Dubai_property\" >Dubai property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#The_Northern_Emirates_properties\" >The Northern Emirates properties<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Can_non-residents_get_a_mortgage_to_purchase_property_in_Dubai\" >Can non-residents get a mortgage to purchase property in Dubai?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Down_payment_requirements_for_non-UAE_nationals_expats_and_non-residents\" >Down payment requirements for non-UAE nationals (expats and non-residents)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Documents_needed_for_getting_a_Non-Resident_Mortgage_in_Dubai\" >Documents needed for getting a Non-Resident Mortgage in Dubai<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Get_Free_Mortgage_Consultation\" >Get Free Mortgage Consultation\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Mortgage_Calculator_Dubai_for_Non_Residents\" >Mortgage Calculator Dubai for Non Residents\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Can_non_residents_get_a_mortgage_in_Dubai\" >Can non residents get a mortgage in Dubai ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Is_it_hard_to_get_a_Dubai_mortgage_for_Non_residents\" >Is it hard to get a Dubai mortgage for Non residents ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#How_much_Down_payment_do_you_need_to_get_Mortgage_in_Dubai\" >How much Down payment do you need to get Mortgage in Dubai?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/moneymall.ae\/credit-blog\/non-resident-mortgage-in-dubai\/#Can_NRI_buy_property_in_Dubai_on_Mortgage\" >Can NRI buy property in Dubai on Mortgage?<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"What_properties_can_Non-Residents_Purchase_on_Mortgage_in_Dubai_UAE\"><\/span><b>What properties can Non-Residents Purchase on Mortgage in Dubai &amp; UAE?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The UAE properties are classified into three regions namely Dubai, Abu Dhabi, and northern emirates by banks for mortgage purposes.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Abu_Dhabi_property\"><\/span><b>Abu Dhabi property<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Non-GCC people like the people who do not hail from Kuwait, Bahrain, UAE, Oman, Qatar, and the Kingdom of Saudi Arabia are eligible to get freehold and leasehold property in specific investment zones around Abu Dhabi. The areas are Reem Island, Yas Island, Al Reef Village, Raha Beach, Saadiyat Island, and much more.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dubai_property\"><\/span><b>Dubai property<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you are a foreigner who is not currently living in UAE, then Dubai law states that you are capable of purchasing <\/span><b>freehold property<\/b><span style=\"font-weight: 400;\"> in any of the twenty-three freehold areas namely Emirates Hills, Al Barsha South, Dubai Marina, Sheikh Zayed Road, Palm Jebel Ali, Palm Jumeirah and much more. where you can also get from any of the leasehold properties.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Northern_Emirates_properties\"><\/span><b>The Northern Emirates <\/b><b>properties<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A non-resident can purchase both<\/span><b> leasehold<\/b><span style=\"font-weight: 400;\"> and <\/span><b>freehold properties<\/b><span style=\"font-weight: 400;\"> in Umm al Quwain, Sharjah, Ras Al Khaimah, and Ajman, where you can buy most of the property on a <\/span><b>leasehold<\/b><span style=\"font-weight: 400;\"> basis.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_non-residents_get_a_mortgage_to_purchase_property_in_Dubai\"><\/span><b>Can non-residents get a mortgage to purchase property in Dubai?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Absolutely but with some conditions, Non-residents are provided rights to buy a mortgage from UAE lenders, As per UAE mortgage cap law, a <\/span><b>non-resident<\/b><span style=\"font-weight: 400;\"> has to make at least a down payment of 25% of the property value plus the cost of purchase, Some lenders may ask for 50% LTV.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The percentage of the downpayment will be increased to 35% plus the cost of purchase it property worths above AED 5 million(It is 30% for UAE nationals).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are supposed to take a mortgage for a second or third property, as an investment, for example, you\u2019ll need at least 40% of the property value to cover your down payment.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Down_payment_requirements_for_non-UAE_nationals_expats_and_non-residents\"><\/span><span style=\"font-weight: 400;\">Down payment requirements for non-UAE nationals (expats and non-residents)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As per Central Bank of UAE guidelines<\/p>\n<table class=\"table table-striped table-bordered table-responsive\" border=\"1\">\n<tbody>\n<tr>\n<td><strong>Property type<\/strong><\/td>\n<td><strong>Property price<\/strong><\/td>\n<td><strong>Maximum LTV\u00a0<\/strong><strong>(loan-to-value ratio)<\/strong><\/td>\n<td><strong>Minimum Down<\/strong><strong>Payment Required<\/strong><\/td>\n<\/tr>\n<tr>\n<td>First property Mortgage<\/td>\n<td>Under AED 5 million<\/td>\n<td>80%<\/td>\n<td>20%<\/td>\n<\/tr>\n<tr>\n<td>First property Mortgage<\/td>\n<td>Over AED 5 million<\/td>\n<td>70%<\/td>\n<td>30%<\/td>\n<\/tr>\n<tr>\n<td>Second, third+ property<\/td>\n<td>Any price<\/td>\n<td>60%<\/td>\n<td>\u00a040%<\/td>\n<\/tr>\n<tr>\n<td>Off-plan \/ under-construction property<\/td>\n<td>Any price<\/td>\n<td>50%<\/td>\n<td>50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Documents_needed_for_getting_a_Non-Resident_Mortgage_in_Dubai\"><\/span><b>Documents needed for getting a Non-Resident Mortgage in Dubai<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Documentations requirement for Dubai mortgage for non residents changes according to your profile,<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In basic documentation; many banks in UAE will pull your credit report from AI Etihad credit bureau or ask you to provide a credit report from your resident country, a bank statement of the last 2 years, details about your credit cards details of all liabilities including credit cards and loans, etc, a whole heap of documents.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a 50 % lending option, a scanned of your passport(to prove you do not hold a UAE visa) and your last 6 months&#8217; bank statements in your home country and income proof. You will not be asked for any liability letters.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You will need to attend a mortgage offer letter signing in Dubai at some stage during the process, and this is mandatory and at the final step of purchasing at the DLD (Dubai Land Department).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is better to consider the additional costs involved in a property transaction such as a property valuation fee, the realtor&#8217;s commission, the land department transfer fee, and a charge to register the mortgages<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Get_Free_Mortgage_Consultation\"><\/span><span style=\"text-decoration: underline;\"><strong>Get Free Mortgage Consultation\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><iframe loading=\"lazy\" style=\"position: relative; width: 1px; min-width: 100%; *width: 100%;\" src=\"https:\/\/www.cognitoforms.com\/f\/qWaAkeW7D0SK_NYW418FaQ?id=3\" width=\"100%\" height=\"703\" frameborder=\"0\" scrolling=\"yes\" seamless=\"seamless\"><\/iframe><br \/>\n<script src=\"https:\/\/www.cognitoforms.com\/scripts\/embed.js\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mortgage_Calculator_Dubai_for_Non_Residents\"><\/span><a href=\"https:\/\/moneymall.ae\/mortgage-calculator\/\">Mortgage Calculator Dubai for Non Residents\u00a0<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"Can_non_residents_get_a_mortgage_in_Dubai\"><\/span> Can non residents get a mortgage in Dubai ?<span class=\"ez-toc-section-end\"><\/span><\/h2>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\t<br \/>\n<b>Warning<\/b>:  Undefined array key \"answer\" in <b>\/home2\/rgsrnemy\/public_html\/money-mall\/credit-blog\/wp-content\/plugins\/structured-content\/templates\/shortcodes\/multi-faq.php<\/b> on line <b>20<\/b><br \/>\n                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"Is_it_hard_to_get_a_Dubai_mortgage_for_Non_residents\"><\/span> Is it hard to get a Dubai mortgage for Non residents ?<span class=\"ez-toc-section-end\"><\/span><\/h2>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tNo, Its easy to get a mortgage in UAE, if you have enough down payment and documents to prove your regular flow of income.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"How_much_Down_payment_do_you_need_to_get_Mortgage_in_Dubai\"><\/span> How much Down payment do you need to get Mortgage in Dubai?<span class=\"ez-toc-section-end\"><\/span><\/h2>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tDownpayment requirements are based on your residents status. In general, for expat and non residents 25% downpayment is required to get a mortgage in dubai.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"Can_NRI_buy_property_in_Dubai_on_Mortgage\"><\/span> Can NRI buy property in Dubai on Mortgage? <span class=\"ez-toc-section-end\"><\/span><\/h2>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tYes, NRI can buy property in Dubai? Non resident indians can buy property in dubai and also get dubai mortgage for non residents                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t\n<script type=\"application\/ld+json\">\n    {\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \" Can non residents get a mortgage in Dubai ?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"<br \/>\n<b>Warning<\/b>:  Undefined array key \"answer\" in <b>\/home2\/rgsrnemy\/public_html\/money-mall\/credit-blog\/wp-content\/plugins\/structured-content\/templates\/shortcodes\/multi-faq.php<\/b> on line <b>41<\/b><br \/>\n\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \" Is it hard to get a Dubai mortgage for Non residents ?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"No, Its easy to get a mortgage in UAE, if you have enough down payment and documents to prove your regular flow of income.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \" How much Down payment do you need to get Mortgage in Dubai?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Downpayment requirements are based on your residents status. In general, for expat and non residents 25% downpayment is required to get a mortgage in dubai.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \" Can NRI buy property in Dubai on Mortgage? \",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Yes, NRI can buy property in Dubai? Non resident indians can buy property in dubai and also get dubai mortgage for non residents\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t\t    ]\n}\n<\/script>\n\n<div class=\"text\">\n<div class=\"text\">\n<div id=\"mntl-sc-block_1-0-54\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<div class=\"text\">\n<pre>Original Post Date : Jan 8, 2021 , Updated on : Oct 26, 2021<\/pre>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A guide on Non Resident mortgage in Dubai, How to buy a UAE property with Dubai Mortgage for Non Residents [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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