Al Zad Real

home loan


Whether you want to buy an apartment in Dubai or are more inclined towards a villa or townhouse, you can easily secure a home loan for it, given you meet the eligibility criteria. You can apply for a mortgage in Dubai if you are:

  • A UAE national or resident
  • Aged between 21 and 65
  • Have a monthly income of AED 15K (salaried) and AED 25k (self-employed)

Do note that the minimum salary for a home loan in Dubai can vary based on the bank. Some banks allow UAE nationals with a monthly income of at least AED 8k to apply for home loans in Dubai, but it is largely subjective to bank policies. 

Non-residents can also explore mortgage options in Dubai. However, their choices are largely limited as very few banks deal with home loans for non-resident property buyers.

Please note that banks may have additional requirements for mortgage eligibility like minimum period served at the current job or working for a certain set of employers, etc.

There are two ways you can buy property in Dubai – with cash or on a mortgage. While a cash investment may be overall more cost-effective, a mortgage allows you greater flexibility in terms of how you manage your finances. If you’re planning to buy a property on a mortgage in Dubai, you’ll be needing to know how home loans in the emirate work and what you need to do to get one. We have also recently launched an online initiative to get a home loan preapproval in partnership with ADCB, to make the process even more streamlined for prospective homeowners. If you have been searching for information on ‘mortgage Dubai’, ‘mortgage rates Dubai’, and other similar topics, learn more about the ADCB Dream Home initiative and how you can get a home loan with our detailed post!

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Anyone who wants to buy property on mortgage, needs to first apply for one. Obviously, there is paperwork required to process a mortgage application in Dubai. The requirements may vary slightly from one bank to another, but for the most part, you will need the following documents to apply for a mortgage in Dubai: 

  • A copy of your visa and passport
  • A copy of your Emirates ID
  • A salary certificate for proof of employment
  • Proof of residence (copy of tenancy contract or DEWA bill)
  • Pay slips and bank statements for the past six months
  • The latest statements of your credit cards

If you’re a non-resident applying for a home loan in Dubai, you only need the following paperwork:

  • A copy of your passport
  • Your bank statements for the past three months
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