A non-resident mortgage is a home loan intended specifically for individuals who are not UAE nationals or residents but want to invest in the local real estate market.
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Our low-documentation exclusive mortgage offers can assist non-residents of the UAE who are interested in purchasing a home in Dubai, Abu Dhabi, or any other UAE city.
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A member of our team will speak with you to discuss requirements, financial goals, and preferences. Then, based on your needs, we compare all the best lenders and mortgage options available to find you the best deal.
You will be assigned a case manager who will ensure that all necessary documents are in order, secure your mortgage pre-approval, and complete your bank application forms. Our website allows you to upload all your requirements and check your application status 24/7.
We take pride in our swift and simple mortgage approval process. As your main contact, your case manager will value your property to match the approved mortgage amount, handle bank transactions, and secure mandatory insurance. We will chase the bank and do all the legwork for you.
Let us take care of the paperwork, negotiate with lenders on your behalf to get the best terms possible, and handle all legal compliance. Your case manager will work with you throughout the property transfer to guarantee a seamless transaction, even after settlement.
With the help of our consultants, non-residents in the UAE can obtain a mortgage with ease. Contact us today for more information about our non-UAE mortgage service.
Application for a non-resident mortgage requires specific eligibility criteria. Different banks in the UAE may have slightly different criteria, but here are some general requirements:
Nationality: Banks have a list of countries whose citizens are eligible to apply for a non-resident or foreign real estate mortgage. The list of eligible countries may vary between banks.
Employment Status: You must be employed by a reputable company or have a reliable source of income.
Age Restrictions: At least 21 years old and no older than the bank’s age limit (usually 65).
Income: Employed applicants must have earned more than 25k AED in the last six (6) months (net of income taxes and other deductions), or a monthly average balance of 50k AED in the last six (6) years for self-employed.
Credit History: Must maintain a credit score of 700 or higher.
There are more specific criteria, so speak to one of our expert mortgage consultants first to be 100% confident that you are eligible. Contact Us Today for a FREE Consultation.
Our team collaborates with top lenders to secure the best mortgage options available in the UAE!
Documentation requirements vary per bank, client profile, and country of origin. In general, these are the minimum paperwork for a UAE non-resident mortgage.
Note: Further documents might be needed during the application process.
If you are not a UAE resident but wish to invest in the country’s fastest-growing industry (real estate), we can help. Find and secure the best Dubai and UAE mortgage options with our mortgage experts.
A non-resident mortgage in the UAE comes with its fair share of benefits and risks. These are:
Non-resident mortgage interest rates vary depending on market conditions and bank offers. Banks frequently charge higher interest rates to non-residents to minimize the perceived risk associated with foreign borrowers.
To offset high interest rates, non-residents should:
Sire Finance is committed to offering low rates and working with you to secure the best mortgage terms possible.
Get Pre-Approved in Minutes! – With our quick and easy pre-approval process, you can get one step closer to owning your dream home in the UAE.
We rank among the top UAE mortgage brokers. Whether you need help locating a home or securing financing, we are here to help you every step of the way.
While banks only offer a few “off-the-shelf” mortgage products, we work hard to fill a crucial need for personalized advice based on your unique requirements.
We will walk you through every step of the mortgage application process and provide you with online portal access to view the progress of your application and personal data.
Find out how much you may borrow, submit an online mortgage application in a matter of minutes, and receive expert guidance and seamless support.
Whatever your mortgage or loan needs may be, we are happy to help you find the best option.
With our in-depth understanding of the UAE home loan market and property transaction process, we can take away all of the stress that comes with securing a mortgage.
We offer a variety of adaptable solutions to fit your needs, so you can have the office, shop, warehouse, or land that you desire.
We provide personalized Mortgage Refinancing solutions for residential as well as commercial properties to meet your particular financial objectives.
Yes, non-residents can buy a home in the UAE. However, they must adhere to certain laws and ordinances. Contact our experts to learn more about the process and the rules that apply.
As previously mentioned, non-resident investors are welcome to participate in UAE’s real estate market.
There are several fees and taxes that buyers in the UAE should be aware of when they purchase a property:
Our expert mortgage brokers will help you gain a comprehensive understanding of the fees and taxes associated with your property purchase.
You can secure a non-resident mortgage in the UAE as long as you meet the bank’s eligibility criteria and submit the mandatory documentation.
Commonly referred to as the UAE Civil Transactions Law, Federal Law No. 5 of 1985 governs the general rights arising from land ownership. However, it is important to note that the regulations governing the purchase and sale of real estate vary from Emirate to Emirate.
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