Dubai is one of the few markets where overseas buyers can obtain local mortgage finance. The process is very workable — it just needs more preparation.
How much can non-residents borrow?
Banks set their own policy for non-residents. Loan-to-value ratios of 50–60% are common, with a maximum term of up to 25 years subject to age limits.
What banks look for
- Stable income, usually with a minimum equivalent of AED 25,000–30,000 per month
- A clean credit history in your home country (a credit report is often required)
- Six months of personal bank statements, and business accounts if self-employed
Documents to prepare
- Passport and proof of address
- Salary certificate or employment letter, plus payslips
- Personal bank statements (6 months)
- Credit report from your country of residence
- For self-employed applicants: company registration and audited accounts
Tips
- Get pre-approved before you travel to view properties, so you know your budget.
- Budget for currency movements between pre-approval and completion.
- Use a power of attorney if you can't attend the transfer in person.
Talk to us about non-resident mortgages — we work with lenders that finance overseas buyers.
Indicative guidance only; lending criteria vary by bank and change over time.
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