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Mortgage in Dubai as an Expat
Current and upcoming trends in the digital marketing space.
Written By
Missay R.
Word Count
Date
Monday, March 11, 2024
Category
Market Trends
How to Get a Mortgage in Dubai as an Expat
Introduction: Can Expats Get a Mortgage in Dubai?
Yes! Expats can secure home loans in Dubai, but the process differs from other countries.
Step 1: Check Eligibility
Minimum salary: AED 15,000/month (varies by bank).
Loan-to-value (LTV): Up to 80% for UAE residents, 50%–75% for non-residents.
Credit history and income stability matter.
Step 2: Compare Banks & Interest Rates
Fixed vs. variable interest rates.
Mortgage terms: 5 to 25 years.
Step 3: Secure Pre-Approval
Speeds up the property search process.
Gives clarity on borrowing limits.
Step 4: Submit Required Documents
Passport, visa, Emirates ID.
Proof of income and bank statements.
Property details and sales agreement.
Conclusion: Work with Experts
A mortgage broker can help navigate bank options and secure the best deal.
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