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Mortgage Facility for Non-Residents in Abu Dhabi
Non-resident customers can take a mortgage facility in Abu Dhabi, although the selection process is tougher than that of UAE residents. Banks will use tougher criteria, offer smaller loan amounts, and require higher financial strength. For non-residents interested in investing in properties in Abu Dhabi, the mortgage option is available from selected UAE banks.
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Eligibility
Check Your Eligibility Criteria for a Mortgage
For non-resident mortgage approval depends on income stability, country of residence, and financial profile.
An assessment will help identify the banks that might consider your application.
Is it possible for Non-Residents to Get a Mortgage in Abu Dhabi?
Yes, some banks in the UAE have mortgage loans for non-resident buyers. But the approval criteria are based on:
- Country of residence
- Income level and currency
- Employment or business profile
- Credit Score
- Type of Property and Location
Although, not all banks accept non-resident applications and thus, it is crucial to select banks.
How Much Can Non-Residents Borrow
Non-residents receive less mortgage financing than residents.
between 50% to 65% of the property value
Eligible Properties for Abu Dhabi Mortgage
Properties that can be purchased with mortgage loans by non-residents are limited to certain areas.
Typically, these properties are
Typically, these properties are
Usually, off-plan projects cannot be purchased with mortgage loans by non-residents.
Income and Eligibility Criteria
Banks generally consider:
- Income Stability (Salaried preferable)
- Minimum Income Criteria (Varies from Bank to Bank)
- Clear Financial Record
- Meeting the criteria of DBR
Self-Employed Applicants might be considered, but with more scrutiny.
Maximum Debt-Burden Ratio
DBR Cap
0%
OF INCOME
Required Documents
Typical documentation includes
Additional documents may be requested depending on the bank.
How the UAE Mortgage Process Works
The mortgage procedure for non-resident individuals goes through the following process flow:
Key Considerations for Buyers:
Non-resident buyers should take into consideration
Planning ahead is important to avoid delays.
Reasons to Work with a Mortgage Broker
Non-residents will need to pick out the right bank among the restricted number of banks offering mortgages.
Prime Rate Hub offers:
One application. You can now access multiple banks depending on your profile.
We will work with you on structuring the right loan according to your income level, property type and future plans.
Help with pre-approval, valuation, offer and transfer coordination.
Guidance for handover finance, equity release, buyout and difficult cases.
Guidance for handover finance, equity release, buyout and difficult cases.
Start Your Mortgage Assessment
If you are a non-resident looking to invest in Abu Dhabi property, understanding your eligibility is the first step.
A structured approach improves approval chances and reduces delays.
We work with the top banks in UAE
Questions
Frequently Asked
Can non-residents buy property in Abu Dhabi?
Yes, non-residents can buy property in designated freehold areas.
Can non-residents obtain a mortgage in Abu Dhabi?
Yes, but only from selected banks in Abu Dhabi.
How much is the down payment for non-residents?
About 35-50% depending on the bank and individual.
What kind of properties are available for non-resident mortgage?
Ready-made properties in designated freehold areas.
Can non-residents finance off-plan property?
No, as banks will not finance off-plan properties.
How long will the entire process take?
Approximately 4-7 weeks, depending on documents and bank processing.
Is a UAE bank account necessary?
Yes, a UAE bank account is necessary in most cases.
Can self-employed non-residents apply?
Yes, but the bank will consider it depending on your business and financials.