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Non-Resident Mortgage in UAE

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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Unlock Your Dream Home in UAE with Our Non-Resident Mortgages

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.

Select the best mortgage rate in Dubai with your expert broker

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Have Questions? Reach Out to Us About Non-Resident Mortgages!

Are you interested in learning more about our mortgage options? Fill out the form below, and we’ll call you within 24 hours to process your application. (* indicates required fields)

How does it work?

Mortgage Application Made Easy with Our Seamless Process

01: Initial Consultation and Eligibility Assessment

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.

02: Coordinating Your Application

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.

03: Property Valuation & Securing Your Mortgage

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.

04: Mortgage Management and Transition Support

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.

Talk to the best financial experts in the UAE

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.

Eligibility Criteria For Non-Resident Home Loan In UAE

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.

We Partner with Top UAE Banks for Non-Resident Mortgages

Our team collaborates with top lenders to secure the best mortgage options available in the UAE!

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Needed Documents For Home Loan As a Non-Resident 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.

  • Valid passport (as proof of identity)
  • Bank statements for the past 3–6 months (as proof of income)
  • All documents to prove creditworthiness, such as copies of income tax returns (if applicable)
  • Trade license, audited balance sheet, and profit and loss statements (for self-employed individuals)
  • Salary certificates or pay slips (for employed people)
  • Details of all existing loans

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.

Benefits and Risks of Non-Resident Mortgages in UAE

A non-resident mortgage in the UAE comes with its fair share of benefits and risks. These are:

Benefits

  • No residency obligations, thus avoiding associated costs of visa application
  • No personal income tax on rental income required
  • Fewer legal and bureaucratic hurdles
  • Minimal documentation is required upon application
  • Several banks would allow loan prepayments free of charge.
  • Depending on the bank’s policy, interest rates offered by banks might be either fixed or variable.

Risks

  • Higher required down payment
  • High Interest Rates and Additional Fees
  • Shorter loan tenure and higher monthly payments
  • Fewer banks offer mortgages to non-residents
  • Most financial institutions will only finance up to 50% of the property value.
  • Challenges navigating through market volatility and accurately valuing properties
Securing a mortgage as a non-resident in the UAE can be hard, but these issues may be resolved with careful planning, research, and our expert advice.

Key Factors Influencing Non-Resident Mortgage Rates in UAE

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:

  • Evaluate loan offers from multiple lenders
  • Negotiate the best interest rates and loan terms with lenders to reduce borrowing costs
  • Before signing the loan agreement, carefully review the terms and circumstances and clarify any hidden fees or charges.


Sire Finance is committed to offering low rates and working with you to secure the best mortgage terms possible.

A team of experts working on your case

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.

Why Choose Sire Finance to Handle Your Non-Resident Mortgage in 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.

Personalized Solutions

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.

Transparent Process

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.

Fast and Exceptional Service

Find out how much you may borrow, submit an online mortgage application in a matter of minutes, and receive expert guidance and seamless support.

Explore Our Mortgage Services in UAE

Whatever your mortgage or loan needs may be, we are happy to help you find the best option.

Resident Mortgages

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.

Commercial 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.

Mortgage Refinancing

We provide personalized Mortgage Refinancing solutions for residential as well as commercial properties to meet your particular financial objectives.

FAQs about Home Equity Loans in the UAE

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.

  1. Nationality and Residency: Nationality and country of origin may impact non-resident property ownership eligibility in the UAE. GCC nationals may enjoy broader access to real estate, but non-GCC individuals may certainly face additional restrictions or requirements depending on their home countries.
  2. Designated Freehold Zones: The UAE’s freehold ownership system allows foreigners to own real estate in tourist areas, free zones, and some private real estate projects in Dubai, Abu Dhabi, and Sharjah.
  3. Documentation: Non-residents must meet certain documentation and financial requirements, such as providing valid passport copies, visa details, and evidence of funds.
  4. Fees: They should expect 2-4% of the property value registration fees.
  5. Compliance with laws and regulations: Comply with all applicable laws and regulations in the emirate, particularly those governing real estate and property rights.

There are several fees and taxes that buyers in the UAE should be aware of when they purchase a property:

  • Registration Fees: Registration fees in Dubai are 4% of the property’s purchase price and equally divided between the buyer and the seller (2% each)
  • Real Estate Agent’s Fees: Fees for Real Estate Agents are usually 2% of the purchase price. However, depending on the property and services, agents may charge a different amount.
  • Mortgage Fees: If you are financing the property purchase, the mortgage application process may have several fees.
  • Transfer Fees: Typically paid by the buyer, the Transfer Fees in Dubai are 4% of the purchase price.
  • Value Added Tax (VAT): VAT is a tax imposed on the majority of goods and services in the UAE, including real estate. The current VAT rate in the UAE is 5%, payable on the property’s purchase price.
  • Service Charges: Paid to the property management company, service charges cover the upkeep and maintenance of the building or development’s common areas. Depending on the property and the services rendered, these costs may differ.
  • Municipality Fees: The local government charges municipality fees to cover the cost of services such as street cleaning and garbage collection. These fees vary according to the location and size of the 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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