The Ultimate Guide to Getting a Mortgage for Your Dubai Property


 

Introduction

Buying a Dubai property is a big step, whether it’s your first home or an investment. For many buyers, a mortgage is the most practical way to finance the purchase. But here’s the catch: the mortgage process in Dubai comes with its own set of rules, requirements, and timelines. If you don’t know the steps, you risk delays or worse, losing the property you want. 

This guide with GLLIT breaks everything down in simple steps so you can move forward with confidence. From eligibility checks to final approval, here’s how to secure a Dubai mortgage and make the most out of it without the stress.

1. Understand who can apply for a mortgage in Dubai

Not everyone can automatically get a Dubai mortgage, so it’s important to know if you qualify before starting.

  • Who’s eligible? UAE residents, non-residents, and expatriates can all apply for a Dubai mortgage, but conditions vary.
  • Age limit: Most lenders require you to be between 21 and 65 at the time of the last repayment. The repayment terms for a Dubai mortgage can reach up to 25 years.
  • Income requirements: Salaried individuals typically need a minimum monthly income of AED 15,000, while self-employed applicants may need to show business stability.
  • Moreover, your monthly income determines how much you can borrow. According to the UAE Central Bank, your debt-burden ratio (DBR) ratio must not exceed 50%, which means banks in Dubai won’t allow your combined loan repayments—mortgage, credit cards, car loans, and others—to exceed half of your monthly income.

Knowing this upfront helps you avoid wasting time with lenders who may not approve your application.

2. Know the down payment rules in 2025

Before applying for a mortgage, understand how much you’ll need to pay up front.

  • For expats, the minimum down payment is 20% of the Dubai property price for homes under AED 5 million.
  • For UAE nationals, it’s 15% for the same price bracket.
  • For properties above AED 5 million, the required down payment can go up to 30% or more.

These percentages don’t include additional costs like the Dubai Land Department (DLD) fee, valuation charges, and bank processing fees, so budget for those too. Read more


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