Mortgage for Expats in Dubai – 2024

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For many expats looking for a better lifestyle and environment, the UAE is the ideal entry point. Are you confused about apply for a home loan if you’ve just moved to the UAE?. Of course, you can. Before you start looking for your dream home, you should understand how mortgage for expats in Dubai & UAE work.

Buying a new home in Dubai can be done with cash or with a mortgage. And, while many buyers prefer to pay in cash to avoid paying interest. But a mortgage allows you greater flexibility in terms of how you manage your finances. Read below about the eligibility, documentation and other process of mortgage loans for expats in Dubai & UAE.

What Is a Mortgage or Home Loan in UAE?

A mortgage loan is a loan where you can get money from a bank or an official lender to buy a property when you don’t have enough cash. It also known as home finance in UAE. You will pay this amount in addition to the bank or lender’s interest rate in monthly installments.

Discover the best home loan options with the help of our mortgage experts.

Who can Apply for Mortgage Loan in Dubai & UAE?

You can apply for a mortgage loan in Dubai if you are:

  1. UAE national or resident
  2. Expats
  3. Aged between 21 and 65

What is the Minimum Salary for Mortgage Loan in UAE?

In UAE, most banks require a minimum monthly salary of AED 15,000 for salaried and AED 25,000 for self-employed. However, some banks allows with a monthly salary of AED 10,000 as well.

Please note that the minimum salary for a home loan in Dubai can vary based on the bank. Also, banks may have additional requirements for mortgage eligibility

What is the Maximum Mortgage Loan I can get in UAE?

Home loans are available to employed or self-employed expat residents earning at least AED 15,000 a month at a value of up to AED 10 million

Expats taking out a residential loan will need to put down at least 25% on a property worth up to AED 5 million. A deposit of at least 35% is required for more expensive homes.

What is the Minimum Amount of Down Payment for a Mortgage for Expats in Dubai?

The minimum down payment for a home loan varies according to the property’s value. Expats, on the other hand, typically pay a down payment of 25% of the total unit price.

Read below for the eligibility criteria, application process and documents required for the mortgage for expats in Dubai and UAE


To apply for a loan, certain conditions must be met. Check out the following home loan eligibility conditions in the UAE:

  • You should have been at your current job for at least six months or a year.
  • For business owners, your company should have been in operation for at least two years.
  • To get a loan, you should have a clean credit history because it demonstrates that you are a trustworthy person.
  • Have credit card, it helps to state you pay it on time every month to maintain a clean credit history.
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What are the Documents Required for Mortgage Loan?

The requirements may differ slightly from one bank to the next, but you will generally need the following documents to apply an mortgage for expats in Dubai.

Documents required – Mortgage for Expats in Dubai

  • Copy of your visa & passport
  • Emirates ID
  • Bank statement for past 3 to 6 months

Documents required for residents in Dubai

  • A copy of your visa and passport
  • Emirates ID
  • Bank statement for the last 3 to 6 months
  • A salary certificate for proof of employment
  • Latest credit card statement
  • A salary certificate for proof of employment
  • Proof of residence

Documents required for loans

Which Banks provides the Best Mortgage Rates in the UAE?

Some of the top banks which provides mortgage for expats in Dubai and UAE are listed below along with the interest rates comparison between each banks.

Best Bank for Best Mortgage Rates in Dubai & UAE

Also, compare the mortgage loans providing by other banks including eligibility, interest rates and down payments.

Mortgage Loan Application Process

The application process for a housing loan in the UAE is mentioned below:

  1. Choose whether to deal directly with a bank or indirectly through a broker.
  2. Choose the best mortgage option for you.
  3. Obtain a mortgage agreement in principle or a letter demonstrating their acceptance.
  4. Look for the unit you want and negotiate the best price.
  5. Pay the deposit to confirm the purchase and the completion date after you’ve agreed on a price.
  6. The amount will be paid by the bank or loan lender by the completion date.

Mortgage EMI Calculator

A home loan calculator is a service or feature that can be found on various websites. It allows you to calculate your monthly payment based on the type of home loan you want. You can calculate your home loan amount through our Mortgage EMI calculator.

You may easily apply in one click for the best mortgage loans in Dubai.


Who can apply for a Home loan?

UAE Nationals, Residents & Expatriates

What is the minimum age required to apply for a mortgage loan?

For salaried customers: Minimum: 21 years old/ Maximum: 65 years on maturity of loan
For self-employed customers: Minimum: 21years old/ Maximum: 70 years on maturity of loan

What is the maximum age required to apply for a mortgage loan?

1. For salaried customers: Maximum: 65 years old
2. For self-employed customers: Maximum: 70 years old

Can Expats buy property in Dubai?

Yes, expat residents can buy property in the emirate

What is the maximum mortgage I can get on my salary?

Most mortgage lenders will consider lending 4 or 4.5 times a borrower’s income. In some cases, lenders willing to give up to 5 times income only by certain conditions

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