Dubai offers a variety of mortgage options for residents and non-residents alike, catering to both first-time buyers and seasoned investors. Mortgages typically range from 15 to 25 years, with repayment plans available in both fixed and variable interest rate formats. Banks in Dubai generally require a minimum down payment of 20% for residents and 25–30% for non-residents.
Leading banks such as Emirates NBD, Mashreq Bank, Dubai Islamic Bank, and Abu Dhabi Commercial Bank provide competitive mortgage packages, often featuring flexible repayment terms and online application processes. Mortgage eligibility depends on factors including income level, credit history, age, and the property’s value. According to DubaiPropertyPage.com, pre-approval from a bank is a recommended first step, as it helps buyers understand their borrowing capacity before property hunting.…
