You do not need to live in the UAE to finance a property in Dubai. Here is how non-resident mortgages work, typical down payments and the documents banks ask for.
Key takeaways
- Several UAE banks lend to non-residents on freehold property.
- Down payments for non-residents are usually higher than for residents.
- Banks need proof of income, bank statements and a credit report from abroad.
- A broker can identify which lenders accept your country of residence.
Can non-residents get a mortgage in Dubai?
Yes. Dubai welcomes international property investors, and a number of UAE banks offer mortgages to people who live and work outside the country. Non-resident finance is available on properties in freehold areas such as Dubai Marina, Downtown Dubai, Business Bay, Palm Jumeirah and Jumeirah Village Circle, among others.
Loan to value for non-residents
Banks treat non-resident lending more cautiously. In practice, non-residents can usually borrow around 50 to 60 percent of the property value, depending on the bank, the property and the applicant’s profile. That means planning for a down payment of 40 to 50 percent, plus purchase costs.
Who is eligible?
Eligibility depends on your nationality, country of residence and income. Some banks only accept applicants from specific countries. Most require a minimum monthly income and a clear credit history in your home country.
- Salaried professionals with stable employment
- Business owners with verifiable company income
- Applicants who can show strong savings and assets
Documents non-residents need
| Document | Typical requirement |
|---|---|
| Passport | Valid copy |
| Proof of income | Salary certificate, payslips or company accounts |
| Bank statements | Usually 6 months, personal and business if relevant |
| Credit report | From your country of residence |
| Proof of address | Recent utility bill or similar |
Documents may need to be translated or attested. We guide you on exactly what each bank needs so that nothing slows your application.
Buying and financing remotely
Much of the process can be handled remotely. Applications can be submitted digitally, and signing can often be arranged through a power of attorney or at a UAE bank branch during a short visit. A broker coordinates the bank, developer or seller and conveyancing team so the transfer runs on schedule.
Buying from abroad?
No matter where you live, we make financing a Dubai property simple and stress free.
Tips for overseas buyers
- Get a pre-approval before you travel for viewings.
- Keep your home country credit record clean.
- Budget around 7 to 8 percent of the price for purchase costs on top of your down payment.
- Consider currency movements when you transfer your deposit.
Frequently asked questions
Do I need a UAE residence visa to get a mortgage?
No. Several banks lend to non-residents, although the terms are usually stricter than for residents.
Can non-residents get Islamic home finance in Dubai?
Yes, some Islamic banks offer Sharia compliant finance to eligible non-residents.
Does buying property give me a UAE visa?
Qualifying property investments can make you eligible for certain residence visas. Criteria change, so check current rules before buying.