Property buying guide for UAE
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Mortgages in the United Arab Emirates (UAE)

Few banks in the UAE grant mortgage loans to non-residents. Among those that do are Emirates Islamic Bank, HSBC, Mashreq Bank and Noor Bank.

Banks provide foreign nationals with loans to buy commissioned real estate from developers in certain districts of Dubai and require the submission of property ownership certificates. Approved districts include Downtown Dubai, Dubai Marina, Palm Jumeirah and other locations popular among investors.

Maximum LTV ratio 50-75%
Maximum loan amount AED 10-15M*
Rates From 5% per annum(in AED)
Loan term Up to 25 years
Minimum age of borrower 21
Maximum age of borrowerby the end of the loan term 65-70

*1AED=0.27 USD (as of early January 2017)


Mortgage applications in the UAE require the following documents:

  1. Proof of identity:
    • passport
    • residence visa (if the bank requests a residence permit)
  2. Proof of income:
    • for employees: salary statement, pay slips for three months, bank statements for the last three or six months, letter of recommendation from another bank, credit record history.
    • for entrepreneurs: trade license, founders agreement, bank statements for the last six months.

      Some banks have a minimum income requirement. For instance, borrowers must have a monthly salary of at least AED 15,000 to get a mortgage loan from Mashreq Bank, and of AED 40,000 to get a mortgage loan from Noor Bank.

  3. Property documents:
    • sales contract
    • property ownership certificate
    • proof of prepayment.

Foreign-language documents must be translated into English or Arabic.

The loan application approval process usually take about two weeks.

Extra costs

Borrowers also pay appraisal, mortgage arrangement and insurance fees.

Property appraisaland Due Diligence About AED 3,000
Property insurance 0.05% of the propertyvalue per annum
Borrower's life insurance 0.4% of the loanamount
Mortgage arrangement fee Up to 1.5% ofthe loan amount
Early repayment penalty 1-2% of the remainingdebt

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    Property buying guide for UAE
    Article 3 of 5
    Tranio’s managers offer advice on buying real estate in the UAE
    Svetlana Larionova
    Svetlana Larionova
    Real Estate Expert
    +44 17 4822 0039
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