Dubai has established itself as one of the world’s most attractive real estate markets, drawing investors, professionals, and families from across the globe. With its tax-free environment, high rental yields, and cosmopolitan lifestyle, it’s no surprise that many expatriates and non-residents want to buy property here. One of the most common questions asked by potential buyers is: “Can foreigners get a mortgage in Dubai?” The answer is yes—but with specific rules, conditions, and eligibility criteria that buyers must understand.

Mortgages for Foreigners in Dubai

Both residents (expatriates living in Dubai with valid residency visas) and non-residents (foreign nationals without UAE residency) are eligible to apply for mortgages in Dubai. The UAE Central Bank regulates mortgage lending, ensuring clear guidelines for banks and financial institutions that issue loans. However, the terms, down payment requirements, and loan-to-value (LTV) ratios differ between residents and non-residents.

Mortgages for Expat Residents

Expatriates holding a UAE residence visa can access mortgages relatively easily, provided they meet the bank’s requirements. Key points include:

  • Down Payment: For first-time buyers, expats must pay a minimum of 25% of the property value as a down payment for homes priced under AED 5 million. For properties above AED 5 million, the minimum rises to 30%.
  • Loan-to-Value Ratio: Banks typically lend up to 75–80% of the property’s value for residents.
  • Eligibility Criteria: Stable employment, minimum monthly income (varies by bank, often AED 15,000 or higher), and good credit history.
  • Loan Term: Up to 25 years, provided the borrower is not older than 65 at the end of the term (70 for UAE nationals).

This makes mortgages a viable option for expats who want to build long-term equity instead of renting.

Mortgages for Non-Resident Foreigners

Non-residents can also apply for mortgages in Dubai, although the process is more limited:

  • Down Payment: Typically higher, with most banks requiring at least 50% of the property value upfront.
  • Loan-to-Value Ratio: Maximum financing usually capped at 50% of the property’s value.
  • Loan Term: Varies but generally shorter than for residents.
  • Eligibility: Applicants must provide proof of income, bank statements, and creditworthiness from their home country.

While non-residents face stricter terms, Dubai’s high rental yields and appreciation potential still make mortgages attractive for international buyers.

Types of Mortgages Available

Foreign buyers can access several types of mortgages:

  1. Fixed-Rate Mortgages – The interest rate is locked for a set period (1–5 years), offering stability in repayments.
  2. Variable-Rate Mortgages – Rates fluctuate based on the Emirates Interbank Offered Rate (EIBOR), which can lower or increase monthly payments.
  3. Islamic Mortgages – Sharia-compliant financing where the bank buys the property and resells it to the buyer at a profit, avoiding traditional interest.

Other Costs to Consider

Foreigners taking a mortgage in Dubai must also factor in additional costs, such as:

  • Dubai Land Department (DLD) fees – 4% of the property value.
  • Mortgage registration fee – 0.25% of the loan amount.
  • Valuation fees – Paid to the bank for property appraisal.
  • Processing fees – Typically 1% of the loan amount.

These costs should be included in the buyer’s budget when planning their purchase.

Why Mortgages Make Sense for Foreigners

  • Leverage: Instead of paying the full price upfront, mortgages allow foreigners to spread costs over years while benefiting from capital appreciation.
  • High Yields: Dubai’s average rental yields of 6–8% mean that rental income can often offset mortgage payments.
  • Residency Benefits: Buying property worth AED 2 million or more can qualify foreigners for the UAE’s 10-year Golden Visa, making mortgages even more attractive.

Yes, foreigners can get mortgages in Dubai, whether they are expat residents or international buyers without residency. While residents enjoy better terms with lower down payments and higher LTVs, non-residents can still secure financing options with stricter conditions. With proper planning, a clear understanding of fees, and guidance from a qualified mortgage advisor, foreigners can use financing to step into Dubai’s booming property market and enjoy both lifestyle and investment benefits.