Everything you need to know about non-resident mortgages in Dubai
What is the minimum deposit for a mortgage in Dubai?
Non-resident mortgages in Dubai and the UAE require a minimum down payment of at least 40% of the purchase price when availing a mortgage of 60% LTV.
Can I get a UAE golden visa with a mortgage?
Yes, you can obtain a UAE golden visa with a mortgage. The golden visa is available to property investors who meet certain criteria, including owning property worth at least AED 2 million, which can be financed through a mortgage.
How long does mortgage pre-approval take in Dubai?
Pre-approval for Dubai non-resident mortgages usually takes around 2 weeks. However, the process could be faster if the application includes all the required documents upfront.
How much is the mortgage registration fee in Dubai?
Non-resident mortgage registration fees with My Mortgage include 0.25% of the loan amount and an admin fee amounting to AED 10.
What is the LTV for non-resident mortgage in UAE?
The maximum LTV (loan-to-value) a non-resident can borrow with a mortgage is set at 60% of the property value.
