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- Meydan Grandstand , Nad Al Sheba -Dubai UAE
We specialize in residential mortgage solutions tailored to your needs.
Whether you’re purchasing your first home or upgrading to a new one, our experts are here to guide you.
We specialize in commercial mortgage solutions designed to meet your business needs. Whether you’re purchasing or refinancing commercial property, our experts are here to guide you through the process.
We offer mortgage solutions tailored for non-residents looking to invest in property in the UAE. Our team provides expert guidance to help you navigate the process with ease and confidence.
Our Rent Only Mortgage solutions are designed for those seeking flexible property financing based on rental income.
Ideal for investors and landlords, we help you secure a mortgage where rental returns support your repayments.
Offset Mortgages link your savings to your mortgage balance, helping you reduce interest and pay off your loan faster.
It’s a smart, flexible solution that lets your money work harder while giving you greater financial control.
With Interest Only Mortgages, you pay only the interest each month, keeping monthly payments lower.
Ideal for investors or short-term financing needs, this option offers flexibility while preserving cash flow.
We provide financing solutions for land purchases and property construction projects. Whether you’re building your dream home or a commercial development, our experts are here to support every step.
As you would expect, home loans or mortgage are common in Dubai and clear rules are laid out by the UAE Central Bank. Home loans in Dubai for expats are given out on certain conditions (along with the ones mentioned above).
The first step of this process is to find out how much money you would need to pay upfront. This is usually done by obtaining a pre-approval from the bank.
Second, you would want to know the duration of the mortgage. You can evaluate the pros and cons of reducing vs fixed interest rates to make a wise decision. All these are key considerations for any expat looking for Dubai mortgage. Moreover, there are a few other things one should keep in mind when applying for a home loan in Dubai for expats.
There are certain payments expats have to make to get a home loan in Dubai. The UAE Central Bank enforces these rules. Here is what you need to save up for:
There are some banks in Dubai which allow mortgage takers to add three-quarters of the total purchase fee to their home loan.
Before you start house hunting, you should obtain a mortgage pre-approval. It gives you a clear confirmation about their budget. This is crucial as you can narrow down your search as per your budget. Moreover, when you sign a sales agreement, you have to give a cheque for 10% of the purchase price. If you don’t have financial approval and are refused bank finance later, you will lose the deposit money to the bank.
Ensure your agreement has a property valuation clause. Before the bank offers a loan, it will conduct a property evaluation. In case the valuation shows that the property is overpriced, the bank will refuse to lend you money. In this case, the valuation clause protects the buyer’s deposit. Alternatively, the valuation could be done before the signing of the sale agreement.
Typically the bank’s repayment plan is based on your monthly income. In most cases, repayment value is no more than 50% of your monthly income. If you have other loans (car loans or any other repayments to the banks), that amount is also deducted from the calculations.
Banks calculate borrowing capacity (total money offered) with their individual, unique formulas.
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