Characteristics of Home Loans for Non-Residents in Dubai

Burj Khalifa skyline with tall buildings

Characteristics of Home Loans for Non-Residents in Dubai

Dubai is famous for its impressive skyline, highlighted by the Burj Khalifa, the world’s tallest building. The city is a fusion of modernity and tradition, offering extravagant shopping experiences in places like The Dubai Mall alongside historic sites such as the Al Fahidi Historic District.

Dubai’s real estate market is popular among local and international investors. The city offers competitive prices and lower interest rates, attracting non-residents for property investments. Overseas investors and non-UAE residents need to understand the characteristics of home loans in Dubai. We will provide detailed information to ensure you are well-informed.

Can Non-Residents Obtain a Mortgage in Dubai? Who is Eligible?

  • Yes, non-residents can access mortgage options in Dubai. Banks like Mashreq and Dubai Islamic Bank offer home loans tailored to non-UAE residents. Whether you’re eyeing a holiday home or expanding your real estate portfolio, Dubai’s mortgage options provide high loan amounts and increased flexibility.

    To be eligible for a non-resident mortgage in Dubai, you need to fulfil specific criteria:

  • Citizenship of a country listed by the bank.
  • Employment status: You must be either employed or self-employed.
  • Age: Some banks impose age restrictions. For instance, ADCB requires applicants to be at least 25 years old​​.

What are the Required Documents?

When applying for a non-resident mortgage in Dubai, you’ll need to present:

  • A valid passport.
  • Bank statements (last 3 to 6 months).
  • Salary certificates or payslips for employed individuals.
  • Trade license and audited financial statements for self-employed applicants.
    Details of any existing loans​​.

What is the procedure for non-residents to apply for a home loan?

To apply for a home loan in Dubai, especially as a non-resident applicant, follow this streamlined 200-word procedure:


  • Assess Eligibility Criteria: Begin by understanding the specific criteria for non-residents, which include age, income level, and credit history. For self-employed individuals, this might involve additional scrutiny.

  • Gather Documentation: Prepare essential documents such as tax returns, proof of income (like pay slips or business earnings statements), and proof of funds. For self-employed applicants, this could mean providing detailed business financial statements.

  • Submit Mortgage Application: Fill out the mortgage application form provided by the lender. Ensure all your monthly income and other financial details are accurately represented.

  • Choose Rate Options: Evaluate different rate options offered by the lender. These could be fixed or variable rates, impacting your monthly payments.

  • Verification of Documents: The lender will verify your documents, including tax returns and proof of income. This step is crucial for self-employed individuals, as it assesses their financial stability.


  • Pay Processing Fees: Be prepared to pay the processing fees, usually a percentage of the loan amount.

  • Loan Approval and Monthly Payments Setup: Once the loan is approved, you’ll receive the loan terms, including the schedule for monthly payments. Ensure that these payments align with your monthly income and financial planning.

What are the Financial Considerations for Non-Residents in Dubai for Mortgages?

  • Using a Dubai Mortgage Calculator: For non-residents, a Dubai mortgage calculator is advisable to estimate monthly payments, considering interest rates, loan amount, and tenure. This tool can help in budgeting and financial planning, particularly for those unfamiliar with the local real estate market.

  • Loan Amounts: Banks vary in the maximum loan they offer; Mashreq Group allows up to 10 million AED, whereas ADCB offers up to 24 million AED, depending on the applicant’s financial health.

  • Loan-to-Value (LTV) Ratios: Non-UAE nationals need a minimum 20% down payment for properties under 5 million AED, increasing to 30% for higher-valued properties.

  • Interest Rates: Expect higher interest rates for non-residents than residents, with options for conventional and Islamic mortgages, including fixed-rate terms.

  • Loan Tenure: Non-resident investors typically face shorter loan tenures, with a maximum of 25 years and age limits of 65 for salaried and 70 for self-employed individuals.

What Types of Properties Can You Purchase?

  • In Dubai, the types of properties available for purchase, especially for non-residents or foreign investors, are diverse and cater to a wide range of preferences and budgets. Here are the main types of properties you can consider:

  • Apartments: Common in Dubai, they range from studios to penthouses, particularly in Dubai Marina, Downtown Dubai, and Jumeirah Beach Residence.

  • Villas and Townhouses: Offering space and privacy, located in gated communities with amenities in Palm Jumeirah, Arabian Ranches, and The Springs.


  • Properties: Purchased before construction from developers, including apartments to townhouses, favoured by investors for lower initial prices.

    Commercial Properties: Open for non-resident investment, encompassing office spaces and warehouses catering to various business needs.


  • Freehold Properties: Non-residents can buy in designated areas like Dubai Marina, Business Bay, and Jumeirah Lakes Towers, offering full ownership rights.


  • Hotel Apartments: Serviced apartments in hotel buildings, suitable for living or renting out, appealing to investors for rental income potential.


  • Luxury Properties: Dubai’s high-end market features beachfront residences, penthouses, and exclusive villas in prestigious locations.

Understanding the nuances of home loans for non-residents in Dubai is vital for anyone considering property investment in the city. eMortgage, a leading provider in this domain, offers tailored solutions that cater to the specific needs of salaried individuals, self-employed professionals, and overseas investors. With the proper preparation and understanding of the mortgage landscape in Dubai, securing a suitable property becomes a streamlined and achievable goal.