How to Get a Mortgage in Dubai: A Step-by-Step Guide for 2025

Dubai’s dynamic economy, tax-free living, and world-class infrastructure make it a prime destination for real estate investment. Whether you're a resident or a foreign investor, getting a mortgage in Dubai is easier than ever—especially with the right guidance.

Step-by-Step: How to Get a Mortgage in Dubai
Check Your Eligibility
Banks in the UAE offer mortgages to:

UAE nationals and residents

Expatriates with valid residency

Non-residents (with limited options)

Basic criteria:

Minimum salary: AED 15,000/month (some banks require more)

Stable income or business history

Good credit score

Choose Between Fixed and Variable Rates
Fixed-rate mortgages offer stability (1–5 years)

Variable-rate mortgages may start lower but fluctuate with EIBOR

Neon Mortgage helps you compare both options instantly.

Get Pre-Approved
Getting a pre-approval letter strengthens your buying power and speeds up the process. Most banks take 3–7 days for this step.

Neon Mortgage offers free pre-approval assistance across 30+ UAE banks.

Find the Right Property
You can purchase:

Ready homes

Off-plan properties (with certain developer partnerships)

Investment units or primary residences

Note: Your property type may affect loan terms and eligibility.

Submit Documents
You’ll typically need:

Passport, visa, and Emirates ID

Salary certificate or business license

6-month bank statements

Property documents

Neon Mortgage’s team helps organize and submit all documents for faster approval.

Final Approval and Valuation
Banks conduct a valuation of the property before granting final approval. This can take 5–10 working days.

Sign Your Mortgage Offer Letter
Once approved, you’ll receive a formal Offer Letter from the bank, listing all terms, rate, fees, and repayment schedule.

Register and Transfer Property
The final step involves registering the mortgage with the Dubai Land Department (DLD) and transferring the property under your name.

DLD fees are typically 4% of the property value.

Why Work with Neon Mortgage?

Compare Dubai mortgage rates from 30+ lenders

Personalized advice for expats, investors, and first-time buyers

End-to-end loan support — from pre-approval to handover

Access to exclusive bank offers and low interest deals