At Al Maskan Real Estate; we not only guide you through the journey of finding and buying your dream home; we also assist with arranging for home finance. We have partnered with some of the leading financial institutions who will take away all the hassles and guide you find the most affordable and tailor-made packages

Who Can Qualify for Home Finance in Dubai?

Whether you want to buy an apartment in Dubai or are more inclined towards a villa or townhouse, you can easily secure a home loan for it, given you meet the eligibility criteria. You can apply for a mortgage in Dubai if you are:

A UAE National
or Resident

Have a monthly income of
AED 15K (salaried) &
AED 25k (self-employed)

Aged between
21 and 65

Do note that the minimum salary for a home loan in Dubai can vary based on the bank. Some banks allow UAE nationals with a monthly income of at least AED 8k to apply for home loans in Dubai, but it is largely subjective to bank policies.

Non-residents can also explore mortgage options in Dubai. However, their choices are largely limited as very few banks deal with home loans for non-resident property buyers.

Please note that banks may have additional requirements for mortgage eligibility like minimum period served at the current job or working for a certain set of employers, etc.

What documents are required to obtain a home finance in dubai?

Paperwork is important to apply for home finance in Dubai

Anyone who wants to buy property on mortgage, needs to first apply for one. Obviously, there is paperwork required to process a mortgage application in Dubai. The requirements may vary slightly from one bank to another, but for the most part, you will need the following documents to apply for a mortgage in Dubai:

A copy of your visa and passport

A copy of your Emirates ID

A salary certificate for proof of employment

Proof of residence (copy of tenancy contract or DEWA bill)

Pay slips and bank statements for the past six months

The latest statements of your credit cards

If you’re a non-resident applying for a home loan in Dubai, you only need the following paperwork:

A copy of your

Your bank statements
for the past 3 months

Home Finance Calculator


Loan Amount (80% of the Property Price)


Monthly Payment

*This calculator is for illustration purposes only and should be used as a guide, the rates shown are subject to change. A full breakdown of charges will be given at the time of your mortgage offer.

**These charges and fees are based on industry averages and should be confirmed with your Real Estate agents for exact figures, Al Maskan Real Estate LLC accept no liability for indicative illustrations.

Frequently Asked Questions

Can Expats Buy Property in Dubai?

Yes, expat residents can buy property in the emirate, but only in designated freehold areas in Dubai. The emirate’s law also allows for non-resident foreign property ownership in Dubai given certain conditions.

Can You Get a Mortgage in Dubai as an Expat?

Yes you can, depending on whether you quality.

How Does a Mortgage Work in Dubai?

Nationals and expats can get mortgage for buying properties in Dubai

When considering buying property on cash vs mortgage, it is important to keep in mind how a mortgage works in Dubai.

According to Dubai mortgage law, expats can get a home loan of up to 80% of the property purchase value, which means expats have to manage an initial deposit of 20% to buy property worth less than AED 5M in Dubai.

The loan cap for off plan property mortgage in Dubai is slightly different.

Getting a mortgage in Dubai helps you maintain cash flow liquidity as opposed to a full cash purchase.

How Much Deposit Do I Need to Buy a House in Dubai?

If you’re buying property on a mortgage in Dubai, the amount of minimum cash down payment is determined based on the purchase value of the said property and your resident status.

• 15% for UAE nationals • 20% for Expat residents

• 30% for UAE nationals • 35% for Expat residents

How Long Does the Process of Getting a Mortgage In The Uae Usually Take?

It usually takes around two weeks (around 10 working days) to obtain the final offer mortgage letter. This includes the time it takes to secure a pre-approval on the mortgage application.

Please note, the stated deposits apply on first time mortgages. If you already own a mortgaged property, the minimum down payment required goes up to 35% for UAE nationals and 40% for expats.

There you have it – everything you need to know about how to get a mortgage in Dubai. Getting a home loan is only the beginning, there are other legal steps to buying property in Dubai that you should be aware of.

Other than the purchase price, the cost of buying property in Dubai includes a few other payments. These mainly involve fees paid to the Dubai Land Department.

Foreigners who wish to buy a property in Dubai should definitely read up on the rules of foreign property ownership in the UAE to avoid complications.

How much do you need for a down payment on a house in Dubai?

What is the minimum down payment on a house in Dubai?

The minimum down payment on a house in Dubai is 25% for expats and 20% for locals.

That means that if the price of the home you've got your eye on is AED 1M, the money you'll need to put up front is AED 250,000 (for expats) and AED 200,000 (for Emirati).

How much home finance can you get for a ready property in Dubai?

For a property purchase price under AED 5million the maximum loan-to-value (LTV)

For an Expat is 80%

For UAE national is 85%.

For properties over AED 5million, this decreases to 70% LTV for expats and to 75% for UAE nationals.

Can you get a home finance for off-plan Property in Dubai?

Yes, however, mortgages for off-plan properties in Dubai have a maximum loan-to-value ratio of 50%, which can only be done once the buyer has paid off 50% of the property.

Banks will also have conditions on which type of properties and projects they are willing to finance when it comes to off-plan properties.

Get in touch

Whether you need to rent a home, buy one or list your property get in touch with us
and we shall do the rest.