Getting a mortgage for an off-plan home in Dubai
Most off-plan purchases are funded through the developer's payment plan first, with bank finance usually coming in closer to completion.
Payment plan first, mortgage later
Off-plan homes are typically paid for in stages under the developer's payment plan. Many UAE banks prefer to finance once construction is well advanced or at handover, so buyers often fund the early instalments themselves and use a mortgage for the balance.
Down payments
UAE Central Bank rules cap how much banks can lend. For expatriate buyers, the minimum down payment is generally higher for properties above AED 5 million and for second homes. UAE nationals have slightly more favourable limits. Your bank will confirm the exact ratio for your situation.
Non-resident buyers
Some UAE banks lend to non-residents, usually with larger down payments and stricter documentation. Many international buyers pay through the developer plan and decide on finance closer to handover.
What to prepare
- Passport, visa and Emirates ID (if resident)
- Salary certificate or proof of income, and bank statements
- For self-employed buyers, trade licence and company statements
Palm Springs
The Palm Springs payment plan has not been announced. Once it is, you can plan which portion to pay directly and which to finance. Register to receive it first, and read the buying costs guide.
General information only, not financial advice. Lending rules change, so confirm with your bank.
Frequently asked questions
Can I get a mortgage for off-plan property in Dubai?
Yes, but many banks finance closer to completion. Early instalments are usually paid under the developer's payment plan.
Can non-residents get a mortgage in Dubai?
Some UAE banks lend to non-residents, usually with larger down payments.
