Mortgage finance for non-residents

As a non-resident living anywhere, you may face unique challenges. One of the challenges is to secure a mortgage for your dream home or investment property in Dubai.

At our firm, we specialize in mortgage finance advice and services for non-residents.

What We Offer

With Emirates Business Setup, you can do all in one.

You can calculate your loan size using a mortgage calculator. You can choose any bank offers according to your eligibility and submit your application to get pre-approved.

Our team of experienced advisors can assist you. We can help you to find the right financing solution to suit your mortgage needs.

Our Mortgage Finance Services​

We offer all your home-buying processes fast and hassle-free. We help clients with the home financing, buying a property, and getting mortgages.

Free Consultation ​

We offer a free initial consultation to assess your needs and provide. You get an overview of the mortgage options available as a non-resident.

Pre-Approvals

Once we have identified the most suitable mortgage offer. We will help you get pre-approval from the lender.

Document Preparation

We will guide you through the mortgage application process with the necessary documentation.

Follow Ups

Our team will work with the lender to ensure your application processed with ease.

Mortgage Closing

We will be there to help you through the closing process. We ensure that all necessary paperwork is in order with understanding the terms and conditions.

Steps to get a Mortgage in UAE

Getting mortgages and buying your new dream home includes four simple steps with us. Following these simple steps, you can get your pre-approval from the banks in the UAE and buy or invest in your property anywhere in the UAE. Let’s discuss those steps such as:

Get pre-approval from bank

You do not have to visit the bank repeatedly. We are here to get your work done. We will help to get you pre-approvals for your mortgage.

Get the best offer from banks

Choose the best offer from top banks in the UAE. We have more than 1300 offers, and you can choose the suitable one to get an ideal mortgage.

Connect with Real Estate Agent

After getting a mortgage, connect with one of our best real estate agents in Dubai. We will assist you throughout the process.

Choose and buy your property

Now you will get verified property listings to choose. You can choose and buy your dream property in Dubai or UAE.

Why Choose Us?

Emirates Business Setup is a top choice for UAE business formation. With our proven reputation and business regulations expertise with clear and transparent pricing. Get our comprehensive corporate services in Dubai. We offer 24/7 customer support, and strong industry connections in UAE. Your business solutions at a one-stop shop!

Mortgage for UAE Non-Residents: Requirements

When you are applying for a mortgage as a non-resident in the UAE, then consider these conditions:

  • Personal bank account balance of AED 40,000 for self-employed and home-country employees. The amount must be in the last three months to qualify for a 60% loan in Dubai and Abu Dhabi.
  • There is also an option of getting a 70% mortgage. However, the requirements are much stricter, and much documentation is required.

  • The bank finances 60% of the real estate value in Dubi. But with the three months’ bank statements of an individual showing a 10,000 € per month balance.
  • If the bank statement is approved, the bank can finance up to 2.5 million. You can finance three apartments at a time. That with interest rates of 2.99% bank marge + 3 Months Eibor and a variable of about 8% for 25 years.

  • The market expects lower interest later in 2023 and 2024, an interest between 5-6%. We recommend a variable mortgage contract to take part in lowering the interest.
Time-lapse Photography of Passing Vehicles on City Roads

Documents Checklist

The documents needed for non-residents applying for mortgages may vary depending on the lender and the country where the property is located. However, here are some standard documents that non-residents may need to provide when applying for a mortgage:

Passport or National Identity Card

Proof of Income

Proof of Employment/ Salary Certificate

Property Information

Proof of Funds

Advantages of Buying a Property in Dubai

Dubai is a popular location for property investment. There are several advantages to owning a property in Dubai, including:


Frequently Asked Questions

In Dubai, a mortgage is a loan offered by a financial institution usually by banks. It is so to help individuals or businesses to buy properties. The mortgage process involves different steps. From finding a property and applying for a mortgage. Then, undergoing property valuation. After that, make a down payment by signing a mortgage agreement for property registration.
Rules and regulations may also vary. It is advisable to seek guidance from a financial advisor or to contact us.

The type of mortgage you can get in Dubai will depend on various factors. It depends on your income, credit score, property value, and the bank policies.

Banks in Dubai offer mortgages that can cover up to 75% of the property value. The remaining 25% needs to be paid as a down payment.

The interest rates on mortgages can vary. It depends on the mortgage type, the loan duration, and other factors.

Yes, non-residents can apply for a mortgage in Dubai. But the rules and regulations for non-resident may differ from those for residents.

Non-resident mortgages require a higher down payment. Also, the mortgage term may be shorter than for residents. Non-residents may also need additional documents such as a work visa, and proof of income.

A mortgage is calculated on the principal amount borrowed, the interest rate, and the mortgage term. Monthly payments are calculated using an amortization formula, which considers these factors.

The cost of trade license in UAE starts from 5,750 AED. It depends on the business activities that you are going to conduct in your company. For example, if you are taking industrial trade license then there are extra charges.

GET IN TOUCH WITH OUR TEAM OF EXPERTS!

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✔️ UAE residence visa included for life
✔️ Renewal FREE every 2 years (save $1,500 each time)
 

Included:

  1. IFZA company setup
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  3. Renewal cost covered every 2 years
  4. No hidden fees

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