Dubai’s real estate market is one of the most attractive in the world, offering excellent investment opportunities and a high standard of living. Whether you're a resident or a non-resident, getting a mortgages in Dubai can be a smart way to finance your dream home or investment property. In this guide, we’ll cover everything you need to know about mortgages in Dubai, including eligibility, types of mortgages, the application process, interest rates, and more.

Understanding Mortgages in Dubai

What is a Mortgage?

A mortgage is a loan provided by a bank or financial institution to help buyers purchase property. The borrower repays the loan in monthly installments over a set period, usually with interest.

How Do Mortgages Work in Dubai?

In Dubai, mortgages are regulated by the UAE Central Bank. Borrowers can finance up to 80% of the property value if they are residents and up to 50-75% if they are non-residents. Loan repayment terms typically range from 5 to 25 years.

Types of Mortgages Available in Dubai

Fixed-Rate Mortgages

A fixed-rate mortgage keeps the interest rate constant for a specific period, usually 1 to 5 years. This option provides financial stability, as monthly payments remain unchanged.

Variable-Rate Mortgages

A variable-rate mortgage has an interest rate that fluctuates based on market conditions. While it offers potential savings when rates drop, it also carries the risk of higher payments if rates increase.

Who Can Apply for a Mortgage in Dubai?