Your Step-by-Step Guide to Securing a Mortgage in Dubai (2026 Edition)
By Mamtu Mirchandani, Luxury Real Estate Investment Consultant (RERA Broker #48283)
Dubai continues to be a magnet for global investors and residents, but securing a mortgage in this dynamic market requires expert guidance. As we move into 2026, the process is more streamlined than ever, but understanding the current financial landscape is crucial.
As a Luxury Real Estate Investment Consultant featured on Million Dollar Listing India, I specialize in helping clients navigate the complexities of Dubai’s property finance. This guide provides the essential, updated steps to secure your mortgage and make your dream of owning a home in Dubai a reality.
Step 1: Understand the Financial Landscape (2026 Update)
The UAE mortgage market is stable, but interest rates are dynamic. It is essential to work with a consultant who can secure the best rates and terms for your specific profile (resident, non-resident, or Golden Visa holder).
Down Payment Requirements:
* First Property (Under AED 5 Million): 20% for UAE Nationals, 25% for Expats.
* First Property (Over AED 5 Million): 30% for all applicants.
* Second/Investment Property: 35% for all applicants.
Step 2: Build and Verify Your Credit History
Your credit score (via the Al Etihad Credit Bureau – AECB) is the most critical factor. Banks will assess your score to determine your eligibility and the interest rate offered.
* Action: Ensure all outstanding debts, credit card balances, and utility bills are paid on time. Avoid applying for new credit cards or loans in the six months leading up to your mortgage application.
Step 3: Prepare Your Documents (The Essentials)
Having your documents organized is key to a fast approval process.
| Applicant Type | Required Documents (Minimum) |
| :— | :— |
| Salaried Resident | Passport, Visa, Emirates ID, Salary Certificate (dated within 30 days), 3-6 months of bank statements, AECB Credit Report. |
| Self-Employed Resident | Passport, Visa, Emirates ID, Trade License, Memorandum of Association (MOA), 6-12 months of company and personal bank statements, Audited Financial Statements (2 years). |
| Non-Resident | Passport, Proof of Address, 6 months of bank statements from home country, Income verification (salary slip or tax returns). |
Step 4: Get Pre-Approval (The Smart Move)
Pre-approval is a formal commitment from a bank that they will lend you a specific amount. This step is non-negotiable in the 2026 market.
* Benefit: It allows you to shop for property with confidence, knowing your budget, and makes your offer more attractive to sellers.
* Timeline: Pre-approval typically takes 5-10 working days.
Step 5: The Golden Visa Advantage
If you are applying for a mortgage to secure a Dubai Golden Visa (property value over AED 2 Million), the bank will require additional verification that the property meets the DLD’s criteria. Working with a consultant like myself ensures the property you select is eligible for both the mortgage and the visa.
FAQ: Mortgage Essentials for Dubai Property
| Question | Answer |
| :— | :— |
| What is the maximum loan term? | Up to 25 years for residents. |
| What is the maximum age for repayment? | 65 for salaried employees, 70 for self-employed individuals (at the time of final repayment). |
| Can I get a mortgage as a non-resident? | Yes, most major UAE banks offer mortgages to non-residents, typically requiring a higher down payment (up to 50%). |
| Is a credit score mandatory? | Yes, the AECB credit report is mandatory for all resident mortgage applications. |
Conclusion: Your Trusted Partner in Dubai Finance
Securing a mortgage in Dubai is a strategic financial decision. By partnering with a consultant who understands the latest RERA regulations and bank requirements, you ensure a smooth, efficient, and financially sound transaction.
Ready to take the first step toward property ownership in Dubai? Contact me today.
Mamtu Mirchandani
Luxury Real Estate Investment Consultant
RERA Broker #48283
Phone: +971 50 728 1007
