Yes, several UAE banks lend to non-residents, typically around 50 to 60 percent of the value, compared with up to 80 percent for resident expats buying a first home under AED 5 million. Off-plan lending is capped at 50 percent for everyone. Terms depend on the bank, your income and the property.
Short answerTypical lending limits
| Buyer | Typical maximum |
|---|---|
| UAE-resident expat, first home (owner-occupier) under AED 5M | Up to 80% |
| UAE-resident, second or investment home | Up to 60% |
| Any buyer, off-plan | 50% |
| Non-resident | Around 50 to 60%, sometimes up to about 65%, set by the bank |
The 80, 60 and 50 percent figures are Central Bank of the UAE caps for residents. The non-resident range is bank practice, not a Central Bank rule, so it varies by lender. Most UK investors will fall into the lower tiers.
What banks usually ask for
- Passport and proof of address
- Recent payslips or accounts, and employment or business evidence
- Bank statements, often six months
- Credit report from your home country, where requested
- Details of the property and, once agreed, a bank valuation
How to approach it
- Get an in-principle view from a licensed mortgage broker before you start viewing.
- Work out your total budget with the mortgage calculator, including the stress test.
- Make an offer subject to finance where appropriate.
- Allow time for valuation and final approval before transfer.
McCone works with mortgage brokers, and Gemma can introduce you. Compare offers on rate, fees, early-repayment terms and whether the rate is fixed or variable.
UK-specific points
Keep an eye on currency: your income is in pounds and the mortgage is in dirhams. A move in the exchange rate changes your payment in pounds. UK mortgage lenders do not generally lend against Dubai property, so most UK buyers use a UAE bank or fund from equity or savings.
Frequently asked questions
Can a UK resident get a mortgage in Dubai?
Yes. Several UAE banks lend to non-residents, generally at a lower loan-to-value than for residents, typically around 50 to 60 percent.
How big a deposit do I need?
Plan for a deposit of roughly 40 to 50 percent as a non-resident, plus the purchase fees, and confirm the current limit with a broker.
Keep reading
General information, not legal, tax or financial advice. Fees, lending rules and visa criteria change: check with the Dubai Land Department, your bank or a qualified adviser before you commit.