UAE mortgages for non-residents
Buy properties in UAE from anywhere in the world
Investor visas for non-residents
What?
A residence visa for non-residents who invest in the UAE economy
Why?
Stay in the UAE for 3, 5 or 10 years as are sident (extendible)
How?
Apply for the visa and invest a specific amount of capital in the UAE economy
| Types of investor visas | Real Estate Option | Capital Markets Option |
|---|---|---|
| 3-year investor visa | Invest AED 750k in UAE property | Invest AED 70k in UAE listed shares |
| 5-year investor visa | Invest AED 2m in UAE property | Invest AED 500k in a UAE business as capital |
| 10-year investor visa | Invest AED 10m in UAE property | Invest AED 10m in a UAE investment fund or company |
Tax benefits for non-residents
No income tax in the UAE
No social security tax for non-residents
- GCC nationals pay 17.5%, UAE nationals pay 5% of income
45 tax-free zones for businesses in the UAE
No social security tax for non-residents
- Around 4% of the property value usually split between the buyer and seller
No Stamp duty in the UAE
Value-Added Tax
- GCC nationals pay 17.5%, UAE nationals pay 5%of income
- Otherwise, 5% VAT is required on exchange ofservices and goods
Municipality / Rental tax
- Dubai: 5% of annual rent for residential tenants,10% for commercial
- Abu Dhabi: 3% of annual rent for expats andnon-residents
Investor visa
- Get a visa based on investment capital (3, 5 or 10 years - renewable)
Real estate visa
- Purchase a UAE property valued at AED 1 million or more
Employment visa
- Employer dependent visa (1 or 2 years - renewable)
UAE golden visa*
- Business owners, CEOs, field professionals, investors (5 to 10 years - renewable)
Retirement visa
(5 years - renewable) Persons over the age of 55 who have one of the following:
- AED 20,000 per month active income
- AED 1 milion in savings
- AED 2 milion in property investment
Why buy in Dubai?
Connecting continents
At the crossroads of Europe, Asia and Africa, UAE acts as a connecting link between the 3 continents and their multitudes of cultures
Welcoming and inclusive
Family friendly and inclusive of over 200 nationalities from all over the world, welcoming diversity and cooperation
High-standard living
Thriving communities with an international education system, world-class healthcare and public amenities
Efficient economy
Stable currency, no income taxes, and VAT-free residential properties for investors
Current bank interest rates in UAE
| Bank | Published banks interest rate | Down payment | Repayment period | Installment for USD 500,000 loan amount |
|---|---|---|---|---|
| First Abu Dhabi Bank | 4.24% | from 20% | up to 25 years | AED 2,706 |
| Emirates NBD | 4.79% | from 20% | up to 25 years | AED 2,862 |
| Mashreq | 4.99% | from 20% | up to 25 years | AED 2,920 |
| Dubai Islamic Bank | 4.74% | from 20% | up to 25 years | AED 2,848 |
| Abu Dhabi Islamic Bank | 4.44% | from 20% | up to 25 years | AED 2,762 |
| Dubai Islamic Bank | 4.74% | from 20% | up to 25 years | AED 2,848 |
| HSBC | 4.99% | from 20% | up to 25 years | AED 2,920 |
| Commercial Bank of Dubai | 4.79% | from 20% | up to 25 years | AED 2,862 |
| United Arab Bank | 4.35% | from 20% | up to 25 years | AED 2,737 |
Conditions for pre-approval
Employment
- Salaried employees - at least 6 months in their current job
- Self-employed - running their business for at least 2 years
Credit history
- Good credit history is necessary
Income
- Minimum income considered by many banks starts from AED 15,000 (or AED 3,000,000 annual turnover for self-employed)
- Maximum 50% of income dedicated to repayment
Employment sector
- Some banks only offer loans to employees from well-established institutions or government departments
Down payment
- Starting from 20% (15% with national Islamic funding options)
Loan term
- Up to 25 years
Age range
- Between 25 and 65 years old
Required documentation for pre-approval
Personal documentation Valid passport
Salaried employee
- Latest salary certificate (with length of employment and position)
- Pay slips from the latest 3 months
- Any additional bank statements from the last 6 months
- Liability/Reference letter no more than 45 days old
- Latest tax returns for the previous 2 years or Credit Report (if applicable)
Self-employed
- Valid Trade License copy
- Copy of Chamber of Commerce Registration
- Copy of Partnership Page in case of multiple partners
- MOA (Memorandum of Association) including all amendments
- Copy of Labor Contract
- Audited financials from the last 2 years
Identical documentation for co-borrowers (if applicable)
Property documentation
- Quote or offer letter from the seller
- Sale or purchase agreement
- Title deed or site plan
- Proof of down payment
| Monthly income in AED | Maximum monthly instalment | Maximum mortgage loan amount |
|---|---|---|
| $3,500 | $1,750 | $525,000 |
| $4,000 | $2,000 | $600,000 |
| $5,000 | $2,500 | $750,000 |
| $6,000 | $3,000 | $900,000 |
| $7,000 | $3,500 | $1,050,000 |
| $8,000 | $4,000 | $1,200,000 |
| $9,000 | $4,500 | $1,350,000 |
| $10,000 | $5,000 | $1,500,000 |
Mortgage loan down payment
| Property type | Property price | Maximum LTV (loan-to-value ratio) | Minimum Down Payment Required |
|---|---|---|---|
| First property | Under AED 5 million | 50-80% | 20-50% |
| First property | Over AED 5 million | 50-70% | 30-50% |
| Any subsequent property | Any price | 50-60% | 40-50% |
| Off-plan / under-construction property | Any price | 50% | 50% |
| Typical process phase | Estimated duration |
|---|---|
| Registration and loan inquiry at Kredium | 5-10 minutes |
| Personalized offers from Kredium | 30 minutes-1 hour |
| Mortgage application with a lender | 1 day |
| Mortgage processing by a lender | |
| • Salaried employees | 7-10 days |
| • Self-employed | 15-20 days |
| Mortgage closing with a lender | 1 day |
Costs of mortgage approval
| Costs | Amounts in case of a AED 3,500,000 loan |
|---|---|
| Mandatory one-time costs | In AED |
| Land department fee | 175,580 |
| Property registration fee | 4,200 |
| Mortgage registration fee | 8,760 |
| Valuation fee | 3,675 |
| Bank processing fee | 36,750 |
| Optional one-time costs | In AED |
| Real estate agency or broker fee | 91,875 |
| Conveyancing fee* | 8,000 |
| Oqood fee** | 175,000 |
| Mandatory recurring costs | In AED |
| Life insurance | 392 |
| Property insurance | 191 |
| Total | 504,423 |
| Without optional costs | 229,548 |
Monthly instalments for a AED 3.5 million mortgage loan with different rates and terms
| Interest rate | Mortgage instalments | |||
|---|---|---|---|---|
| 10 years | 15 years | 20 years | 25 years | |
| 1.90% | 32,048 | 22,362 | 17,541 | 14,665 |
| 2.20% | 32,519 | 22,847 | 18,039 | 15,178 |
| 2.40% | 32,836 | 23,173 | 18,377 | 15,526 |
| 2.60% | 33,154 | 23,503 | 18,718 | 15,878 |
| 2.80% | 33,474 | 23,835 | 19,062 | 16,236 |
| 3.00% | 33,796 | 24,170 | 19,411 | 16,597 |
| 3.20% | 34,120 | 24,508 | 19,763 | 16,964 |
| 3.40% | 34,446 | 24,508 | 19,763 | 16,964 |
| 3.60% | 34,774 | 25,193 | 20,479 | 17,710 |
Early mortgage repayment
- 1% fee (1.05% inclusive of VAT) on the outstanding loan amount
- The fee is capped at AED 10,000 (AED 10,500 inclusive of VAT)
- Some lenders allow early settlement up to 40% of the loan amount with no fee required
- Some lenders don't charge a fee for early settlements up to 15% of the outstanding amount (limited to once per year)
Imagine you want to prepay your loan and fully close it in 5 years
| Year | 0 | 1 | 2 | 3 | 4 |
|---|---|---|---|---|---|
| Outstanding amount | 3,500,000 | 2,800,000 | 2,100,000 | 1,400,000 | 700,000 |
| Prepayment | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 |
| Fee | 10,500 | 10,500 | 10,500 | 10,500 | 7,350 |
Why buy in Dubai?
Sign upDeep expertise in investment properties
Our international mortgage and real estate brokers offer expert advice and guidance to help you towards your next investment in the UAE
Remote end-to-end support
Get personalized advice, book a property, apply for a mortgage and realize your investment, all from the comfort of your home or office. We are here for you from start to finish.
Value-added services
Our partners will help you with any legal requirements and documentation you may need in order to realize your goal (e.g. investment visa)
Contact us
Kredium Technologies LLC
Single Business Tower, 26th Floor
153 Sheikh Zayed Rd
Business Bay, Dubai, UAE