Access for foreigners in the United Arab Emirates for real estate investment, where both residents and non-residents can obtain a mortgage to finance the purchase of real estate, including modular homes, through your qualified mortgage broker.
How to obtain a mortgage in Dubai for residents and non-residents?
It is possible to obtain a mortgage in Dubai, whether you are a resident or not, although the terms are generally more favorable for holders of an Emirati identity card. Here is a complete guide:
Eligibility criteria
Residents:
Down payment: Generally starting at 20%.
Income requirements: Minimum monthly income between $3,300 and $4,100. The monthly repayment must not exceed 50% of the borrower's income.
Maximum term: Up to 25 years or until the applicant reaches age 65 for employees and age 70 for entrepreneurs.
Non-residents:
Down payment: Generally 50%, but some banks may finance up to 50% of the property value, particularly for properties exceeding AED 5 million.
Nationality: Must be a citizen of a country on the bank's list of eligible countries.
Professional status: Both salaried employees and self-employed individuals are eligible to apply. Proof of stable income is required.
Age requirements: You must be at least 21 years old. The loan term generally does not exceed age 65 for employees and age 70 for self-employed individuals.
Income requirements: Specific to each bank; for example, ADCB requires a minimum monthly income of AED 15,000 (after tax).
Required Documents
Residents:
For employees: Employer information and proof of income for the last six months.
For contractors: Audit reports for the past year and bank statements for the last six months.
Non-residents:
Proof of identity: Valid passport.
Bank statements: For the last three to six months.
Additional documents: May include pay stubs, salary certificates, tax returns, business license, and financial statements. Are you a real estate developer, a large industrial construction company, a business owner, or a construction contractor who experienced difficulties during the COVID-19 pandemic but failed due to rising material costs, labor shortages, or are you the chief accountant of a company in financial crisis and need funding from a credit broker with registration number 8658873? Today, these unfinished projects are competing for funding with the ambitious new-build loan applications of established developers. Do you need funds to start your own business or finance your project? I am a certified private investor broker on behalf of Riza Kosar, a German and Swiss national, who finances various types of funds and investments across multiple sectors in collaboration with HSBC Bank and First Credit Boston Switzerland in areas such as:
Development: From residential to commercial, we can help you bring your vision to life.
Acquisition: Need financing to secure a valuable asset? We can provide the necessary capital.
Financing: Get the funds you need for your ongoing operations and expansion.
Equity Investment: Partner with us to fuel your growth and unlock new opportunities.
Hotels and Multi-Family Buildings: We have experience investing in profitable real estate projects. * **Infrastructure:** Contribute to the development of essential infrastructure projects.
* **Business Finance:** Access the capital your business needs to thrive and innovate.
* **Energy:** Invest in sustainable energy solutions and the automotive industry.
Are you looking for investment loans and financing for your photovoltaic and wind power projects?
* **Other Viable Projects:** We are open to exploring new opportunities. We offer financing from €10,000 (CHF, £) to €100 billion (CHF, £) at a 2% interest rate for anyone able to repay.
Contact us now: RizaFund-investment@outlook.com
Riza Kosar
