Many people mistakenly believe that mortgages are impossible in the United Arab Emirates, because the country is Muslim, which means that only interest-free installments are available. However, this is not the case. There are dozens of banks in Dubai and other emirates that offer mortgages to both residents and non-residents.

We'll figure out how to get a mortgage in the UAE, who has access to it, what documents are needed and why investors apply for a mortgage even if they are not going to live in the country.

Who can get a mortgage in Dubai?

Mortgages are available:

• UAE residents (citizens and visa holders — work, investment, freelance visas, Golden Visa, etc.) );

• For non-residents, who do not have a visa but have a proven income.

Banks are really more loyal to residents: interest rates are lower, requirements are lower, and the process is faster. However, even non-residents have every chance of getting a mortgage, especially if they have a stable income, assets or a company.

What documents do residents need?

To obtain a mortgage, a UAE resident will need:

• A copy of Emirates ID (resident's ID);

• A copy of the visa (work visa, investment visa, etc.);

• A valid work contract or business license;

• Bank statement for the last 3-6 months;

• Proof of income (ideally, a stable salary for at least 4 months in a row).

If these conditions are met, you can count on pre-approval for a few days now.

What if you're a non-resident?

Non-residents will need more documents:

• Passport;

• Income statement (contract with the employer, declarations, bank statements);

• Proof of assets (company ownership, real estate);

• Certificate of tax residence or residence permit in another country (if any);

• Foreign bank account statements.

It is also worth considering that mortgage for non-residents:

• More often issued under floating interest rate;

• Requires a higher down payment;

• May include early repayment fees.

Interest rates and conditions

As of 2026, the average mortgage interest rates are:

• For residents — from 3.5% to 5% per annum;

• For non-residents — from 5% to 6.5%, depending on the bank and documents.

Initial deposit:

• For residents — from 20% of the property value;

• For non-residents — from 25% to 40%, depending on the bank's risk assessment.

The mortgage term can reach 25 years old, and the loan amount depends on your income level: as a rule, the monthly payment should not exceed 50% of your official income.

Banks issuing mortgages in the UAE

Among the largest banks you can work with on a mortgage are:

• Emirates NBD — one of the most popular, a wide range of programs;

• FAB (First Abu Dhabi Bank) — a large bank with a reliable reputation;

• Mashreq Bank, RAKBANKPlease note that Islamic banks may not provide mortgages in the usual form, but use analogues (murabaha, ijara, etc.) in accordance with Sharia law.

Why take out a mortgage in the Emirates if you don't live there?

At first glance, taking out a mortgage in a country where you don't plan to live seems illogical. However, for many people it is investment tool.

Let's say:

• You are buying an apartment in Dubai South or JVC;

• Rent it out for 8% per annum;

• And mortgage costs are 6% per annum.

This means that you cover your mortgage payment with rent every month and at the same time own an asset that is growing in value. And in 5-10 years you will own real estate — without overpayment and while maintaining profitability.

The procedure for obtaining a mortgage: step by step

1. Collection of documents (passport, contract, visas, extracts, etc.) );

2. Choosing a bank and getting pre-approval (prior approval);

3. Property selection (within 2 to 3 weeks);

4. Real estate valuation by a bank;

5. Conclusion of a mortgage agreement;

6. Entering a deal with a developer or seller;

7. Scheduled payment — once a month.

Mortgage or installment?

Many developers in Dubai offer 0% installment, including post-hand plan — when you continue to pay even after receiving your keys.

The advantages of installments:

• No interest;

• Income certificates are not required;

• Minimum documents — only a passport is required.

But if the property is ready, or you want to buy it on the secondary market — mortgages remain the best option, especially if you have a stable income.

Conclusion

Mortgages in Dubai are not a myth. This is a convenient, affordable and profitable tool for both living and investing.

- It is possible to get a mortgage even without residency

- Fixed and floating rate options

- Rental income may cover mortgage payments

- Banks are loyal if they have a stable income and a package of documents