Non-UAE residents can get a mortgage from lenders operating in the UAE. For Non-UAE residents, there are some restrictions. The UAE Mortgage Cap law requires non-UAE residents to make a down payment of at least 25% of the property value (20% for UAE nationals) plus associated purchase costs. This goes up to 35% (30% for UAE nationals) plus costs for properties above AED 5 million. And if you are buying a second or third property, as an investment, for example, you will need at least 40% of the property value to cover your down payment.
- Explore the property type you are going to purchase, apartment or villa, land or a plot.
- Contact a real estate agent or to know the details of the properties thoroughly.
- Make sure whether nonresident people have the right to purchase the land, you need to have a steady salary as well as should be legal to live in the UAE.
- You can purchase a home loan or mortgage from any reputed or trustworthy financial institution.
- Transfer deeds and pay the land registry tax correctly.
Down payment requirements for non-UAE nationals (ex-pats and nonresidents)
Purchase Type Purchase Price Maximum loan-to-value Maximum Downpayment
1st Property Under AED 5 million 75% 25%
1st Property Over AED 5 million 65% 35%
2nd, 3rd + Property Any Price 60% 40%