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Can Non-uae Residents Get A Mortgage To Purchase Property In The Uae?

Can Non-uae Residents Get A Mortgage To Purchase Property In The Uae?

Non-UAE residents can get mortgage from lenders operating in the UAE;however,there are some restrictions. The UAE Mortgage Cap law requires non-UAE residents to make a down payment of at least 25% of the property value (20% for UAE nationals) plus associated purchase costs. This goes up to 35% (30% for UAE nationals) plus costs for properties above AED 5 million. And if you are buying a second or third property, as an investment for example, you will need at least 40% of the property value to cover your down payment.

Down payment requirements for non-UAE nationals (expats and nonresidents)

Call/WhatsApp to find out more: +971 555541876

Email: info@dubai-offplanprojects.com

Visit: http://www.dubai-offplanprojects.com

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