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expat buy property in dubai

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Dubai is a popular ex-pat destination. However, you will not find any detailed ex-pat property buying guide available on the internet. And this is because nobody can authoritatively say whether an ex-pat can buy property in Dubai or not. But there are lots and lots of speculations out there. If you just landed in Dubai and are wondering if you can buy property here, then read this article carefully to understand what you need to check before investing in a property.

How can I obtain a mortgage in Dubai?

There are seven emirates that make up the Emirates of the United Arab Emirates. The most populous city in the UAE, Dubai, has made a name for itself as one of the major financial centers of the globe. As a result, foreign nationals are finding it more and more enticing to buy real estate in Dubai.

Obtaining financing in the UAE is a pretty simple procedure. It is critical for ex-pats to receive a letter from their company verifying their job status and income. A notary public or a local lawyer must authenticate this. Additionally, you will need to provide evidence that you have lived in the UAE for at least two years.

Once you have your documents in order and have found a property you would like to buy, you can apply for a mortgage with any lender of your choice. An application form will be given to you which will outline all fees that may apply and any other requirements that need to be met before approval can be granted.

If you are buying a new build property, then there may be some additional requirements such as paying stamp duty.

Once all paperwork has been submitted and approved by the bank, you will receive an offer letter that outlines all costs involved with securing this type of loan including processing fees, etc.


What kinds of mortgages are available in Dubai?

Getting a mortgaged property in Dubai can be a daunting task for ex-pats. There are many factors to consider when choosing a mortgage lender and you need to ensure that you are getting the best deal possible.

It is critical that you investigate your alternatives before applying for a mortgage in the UAE, as there are many different types of mortgages available. These include:

  • Fixed rate mortgages
  • Variable rate mortgages
  • French mortgages 
  • Interest-only mortgages

What conditions must be satisfied before buying property in Dubai?

Purchasing real estate in Dubai is an exciting proposition. Before planning your big move, there are numerous aspects to consider, such as the location of the home and how much you can afford to spend.

The following are the legal conditions for purchasing property in Dubai:

  • You must be at least 21 years old to participate.
  • You need a passport that will remain valid for at least six months after the transaction is finished.
  • You must have a current employment contract with a Dubai-based firm or be hired as an executive by a Dubai-based company.
  • Before submitting a residence application, you must have worked for your company for at least two years.

How can you put down a deposit in Dubai?

A down payment is a sum of money paid to the seller of real estate, usually at the time the offer is accepted. It is used as part of the total payment for the property when purchasing a house or condominium.

However, there are different ways to make a down payment in Dubai. The most popular options are:

Bank loan: 

If you have a decent credit score and can secure a loan from a local bank, you can use this as your down payment. The interest rates are lower than in other parts of the world, but it's still something to consider when taking out a mortgage.


If you have a substantial amount of cash in your account and don't mind paying taxes on it, this is an option too. It's not advisable to use all of your savings as part of your down payment, but having some cash reserves will help you avoid getting stuck with an overpriced property and not having enough money to make any further payments on time (which could result in penalties).

Family support: 

If there are family members living abroad who are willing to provide financial assistance for buying property in Dubai, this could be another option worth considering.

How can ex-pats buy real estate in Dubai?

Foreigners are not banned from buying property in Dubai. Many people from around the world come here to live and work. There are many different types of residential accommodation, including apartments, villas, and townhouses, as well as a range of luxury hotels and resorts.  

The majority of properties in Dubai are freehold (owned outright) although there is also a small percentage that is leasehold (rented). The law allows for 100% ownership by foreign companies and individuals who do not live in the UAE. This means that ex-pats can own an apartment or house outright without having to reside there themselves.

In order to purchase property in Dubai, you will need to provide proof of funds sufficient to cover the cost of the purchase, including taxes, stamp duty, and other costs such as mortgage payments and maintenance fees.

What are the restrictions on buying property in Dubai?

Getting a mortgage for a property in Dubai can be a little more complicated than it is in some other countries.

The first thing to know is that most banks will require a minimum deposit of 50% of the value of the property, with the remainder paid by a bank loan. This means that if you are buying a property worth USD 500,000, you will have to have USD 250,000 in cash and take out a USD 250,000 mortgage loan from your bank.

There are no restrictions on foreign ownership in Dubai, so ex-pats can buy property as easily as Emiratis or other nationalities.

However, there are some conditions attached to obtaining a mortgage in Dubai. Banks require that they be repaid within five years and this is usually written into the contract between buyer and seller before any money changes hands on completion. Because of this provision, many people choose to rent out their properties while they wait for them to appreciate in value enough that they can sell them at a profit after five years.



Buying property in Dubai is a good idea for ex-pats who are looking for a suitable real estate location. Dubai has gained popularity over the years as an ideal vacation spot and a safe haven for those who want to settle down. 

Dubai is well-known for its luxurious hotels and world-class resorts, making it a perfect vacation destination for those seeking the finest in hospitality and comfort. 

Most people would be interested in purchasing property in Dubai because of the excellent infrastructure that allows them to visit exotic locations in a short period of time, such as major cities in Europe, America, Africa, Australia, and the Far East, which can be reached in less than two hours via air travel. It facilitates travel and is an excellent alternative for foreigners looking to own property in Dubai.

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