Buying property in Dubai is not limited to Residents
Neon mortgage helps make the buying process easy for foreign investors and overseas buyers with up to 60 % funding.
Non-Resident Mortgage
- Finance up to 60-65% of property value.
- Competitive interest rates.
- No UAE residency required.
Who Qualifies?
- Expats with international income.
- Investors seeking Dubai real estate.
- Those planning future relocation.
Fast-Track Your Approval
- Simple online application.
- English-speaking advisors.
- Special investor rates.
Why should a Non-resident choose Neon Mortgage?
From starting to end, provide a well designed support to the foreigner buyers
Expertise in non-resident mortgage UAE policies
Access to the best financial institutions in Dubai with lowest interest rates
Clear transparent guidance on every step
Frequently Asked Questions
1. Can non-residents get a mortgage in Dubai?
Yes, non-residents can obtain a mortgage in Dubai. While options are more limited compared to residents but eligible applicants, through selected UAE banks that offer specialised lending programs for foreign buyers can secure the best options for themselves.Approval is subject to eligibility criteria such as income stability, country of residence, credit history, and the type of property being purchased.
2. How much is the mortgage registration fee for Non-residents?
Non-resident mortgage registration fees with My Mortgage include 0.25% of the loan amount and an admin fee amounting to AED 10.
3. What is the minimum down payment for non-residents?
The minimum down payment for non-residents is typically higher than that of a UAE resident. It varies from bank to bank and according to the property value. Additional costs such as registration fees, valuation charges, and legal fees should also be included into the total budget.
4. Are expats without UAE visas eligible?
Yes, expats and foreign nationals who do not hold a UAE residence visa may still be eligible to apply under non-resident mortgage programs. Other factors like employment stability, good credit history etc.are important.
