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Mortgages in the UAE

How much of the price will a UAE bank pay?

Up to 80% if you live in the UAE, up to 65% if you don't, and up to 50% while the building is still going up. Set your numbers, see your split, then let our mortgage team find the bank that says yes. The advice is free.

  • 20+ banks compared
  • Non-residents welcome
  • Free advice
Book a free consultation

Your split

You are
The home is
You 20% Bank 80%
20% · AED 400,000

A bank lends up to 80% here, so your down payment starts at 20%.

4.25%
25 years

Fixed rates start from about 3.75% (September 2026)

Monthly payment AED 8,668 about $2,360
Loan
AED 1,600,000
Interest over the full term
AED 1,000,343
Cash you need upfront
AED 504,090
Down payment plus about AED 104,090 in Dubai purchase costs

An illustration, not an offer. The bank sets the final rate and amount after checking your income, the property and the project.

Check these numbers with an advisor
When the bank steps in

Five ways to finance a UAE property

The loans work alike. What differs is the moment the bank joins your purchase, and that moment decides how much it can lend.

  1. Booking
  2. Construction
  3. 50% paid
  4. Completion
  5. Handover
  6. You own it

You pay the construction instalments yourself. When the home is handed over, the bank pays the developer the balance you still owe, and you collect the keys with the mortgage already in place.

  • Covers the final payment to the developer
  • What you paid during construction is your share

Some projects come with a bank programme that finances more than the standard 50% during construction. If yours has one, we will tell you.

Not every off-plan project can be financed. The bank has to accept you, the property and the project, all three.

Who can borrow

Residents, non-residents and UAE nationals can all get a mortgage

For a first mortgage, your residency sets the ceiling. Your income and the property decide how close to it you get.

UAE resident

up to 80% of the value

from 20% down

Non-resident

up to 65% of the value

from 35% down

UAE national

up to 85% of the value

from 15% down

Still under construction? Then the limit is 50% for every buyer.

Minimum income

  • Salaried: from AED 15,000 a month
  • Self-employed: from AED 25,000 a month
  • Non-residents: assessed case by case. Most banks want an average balance of AED 25,000 or more in your account.

Age

  • At least 21 when you apply
  • The loan has to end by the age of 65, or 70 if you are self-employed

What sets your final amount

You Income, existing debts, credit history and age
The property Price, the bank's valuation and the construction stage
The project Whether the bank has approved the developer and the project
The deal How much is paid, how much is left and the payment plan

The bank approving you is not the same as the bank approving the property. Both have to pass.

Interest rates

How mortgage rates work in the UAE

Most loans start on a fixed rate for 1 to 5 years. After that the rate floats: EIBOR, the rate at which UAE banks lend to each other, plus the bank's margin.

Indicative rates, September 2026

Fixed period from 3.75% a year, fixed for 1 to 5 years
After the fixed period EIBOR + 1 to 2% the margin is agreed when you sign
3-month EIBOR about 4.2% the benchmark most mortgages float on
Fixed rate EIBOR + margin Years of the loan

Why the rate moves: the dirham is pegged to the US dollar, so the UAE Central Bank usually follows the US Federal Reserve. While the Fed keeps rates high, EIBOR stays high, and floating payments with it.

When you compare offers, look past the fixed rate. Once the fixed years are over, the margin decides what you pay for the rest of the loan.

Islamic home finance follows the same pattern: a fixed profit rate first, then EIBOR plus a margin.

Banks

One application, more than 20 banks

Our mortgage partner works with over 20 UAE banks, conventional and Islamic. These six ran active off-plan programmes in 2026:

Every bank keeps its own list of approved projects. We check yours before you commit to anything.

  • Islamic
  • Islamic
The process

From the first call to the keys

  1. 1 Assessment We go through your income and documents and work out how much you can borrow.
  2. 2 Pre-approval The bank approves that amount in principle.
  3. 3 Property check We confirm that the bank will finance your project and your developer.
  4. 4 Documents For a new home: the sale agreement (SPA), the statement of account, your payment history, the registration papers and the handover details.
  5. 5 Valuation and final offer The bank values the property and confirms the loan amount.
  6. 6 Registration The mortgage is registered against the property.
  7. 7 Payment and keys The bank pays the developer or the seller, and the keys are yours.
Documents

What you will need

  • Passport, residence visa and Emirates ID
  • Personal bank statements for the last 6 months
  • Salary certificate from your employer
  • Payslips, if your salary varies

Banks differ a little in what they ask for. We help you put the full set together.

Costs

What a mortgage adds to a purchase in Dubai

These come on top of your down payment. The calculator above already counts them.

4%DLD transfer fee
Of the purchase price, paid on every purchase in Dubai.
0.25%Mortgage registration
Of the loan, plus about AED 290 in admin fees.
up to 1%Bank arrangement fee
Of the loan, plus VAT.
AED 2,500 to AED 3,500Valuation
Paid once, for the bank's valuation of the property.
Why Palmera

The mortgage and the purchase, handled by one team

  • Free for you You pay nothing for the advice or for the support that follows.
  • 20+ banks compared Conventional and Islamic, so you see more than one bank's answer.
  • Every profile Residents and non-residents, salaried and self-employed.
  • Through to the keys From pre-approval to handover, alongside the purchase itself.
Questions

What buyers ask us

Can a non-resident get a mortgage in the UAE?

Yes. UAE banks lend to non-residents, usually up to 65% of the value on a first mortgage. The terms differ from bank to bank and depend on the country your income comes from, your status, the property and the size of your down payment.

Can I get a mortgage on an off-plan property?

Yes, in two ways. With off-plan finance the bank joins during construction, usually once you have paid half the price and the project is at least 35% built, and it lends up to 50% of the value. With handover finance you pay the construction instalments yourself, and the bank pays the remaining balance when the home is handed over.

How much deposit do I need?

On a first mortgage for a ready home: from 20% if you live in the UAE, from 35% if you don't and from 15% if you are a UAE national. On a property still under construction it is at least 50%. Purchase costs come on top.

What is the minimum income?

Most banks look for at least AED 15,000 a month if you are salaried and AED 25,000 if you are self-employed. For non-residents the income is assessed case by case, and most banks want an average balance of AED 25,000 or more in your account.

Is there an age limit?

You need to be at least 21 when you apply, and the loan has to end by the age of 65, or 70 if you are self-employed.

Can I get Islamic home finance?

Yes. The banks we work with include Islamic banks such as Dubai Islamic Bank and ADIB, whose home finance follows Sharia principles: a profit rate in place of interest, fixed at first and then linked to EIBOR.

What does your mortgage advice cost?

Nothing. The advice and the support through to handover are free for you.

Free consultation

Talk to a mortgage advisor

Tell us about your plans. An advisor will call you back or meet you, and tell you how much you can borrow and from which bank.

  • Free for you
  • 20+ banks compared
  • Every profile
  • Through to the keys
Nuris Abdo
Nuris Abdo Senior Property Advisor Speaks: English · Arabic · Turkish
WhatsApp +971 50 412 8557
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