Yes! Whether you're a UAE national, an expatriate residing in Dubai, or a non-resident investor, you can qualify for mortgages to finance property purchases. However, loan-to-value ratios (LTV) will be lower for foreigners compared to UAE nationals.
The process can be smooth if you meet the bank's requirements. Here are some of the documents you have to submit to qualify for a loan:
In some cases, you'll be asked to provide more documents such as:
However, please note that the requirements may vary according to each bank's specific eligibility criteria.
The easiest way to estimate how much you can borrow is to use fäm's Loan Mortgage Calculator,which factors property price, down payment, loan term, and interest rate. Talk to our fäm experts to help you make the right decision.
What's the average timeline in acquiring a property in Dubai?
How does fam Properties assist clients with real estate financing and mortgages?
Thanks for your interest. One of our representatives will contact you soon on your contact number or email.