UAE mortgages for non-residents

Buy properties in UAE from anywhere in the world

Investor visas for non-residents

What?

A residence visa for non-residents who invest in the UAE economy

Why?

Stay in the UAE for 3, 5 or 10 years as are sident (extendible)

How?

Apply for the visa and invest a specific amount of capital in the UAE economy

Types of investor visas	Real Estate Option	Capital Markets Option
3-year investor visa	Invest AED 750k in UAE property	Invest AED 70k in UAE listed shares
5-year investor visa	Invest AED 2m in UAE property	Invest AED 500k in a UAE business as capital
10-year investor visa	Invest AED 10m in UAE property	Invest AED 10m in a UAE investment fund or company

Tax benefits for non-residents

No income tax in the UAE

No social security tax for non-residents

GCC nationals pay 17.5%, UAE nationals pay 5% of income

45 tax-free zones for businesses in the UAE

No social security tax for non-residents

Around 4% of the property value usually split between the buyer and seller

No Stamp duty in the UAE

Value-Added Tax

GCC nationals pay 17.5%, UAE nationals pay 5%of income
Otherwise, 5% VAT is required on exchange ofservices and goods

Municipality / Rental tax

Dubai: 5% of annual rent for residential tenants,10% for commercial
Abu Dhabi: 3% of annual rent for expats andnon-residents

UAE residency requirements

Investor visa

Get a visa based on investment capital (3, 5 or 10 years - renewable)

Real estate visa

Purchase a UAE property valued at AED 1 million or more

Employment visa

Employer dependent visa (1 or 2 years - renewable)

UAE golden visa*

Business owners, CEOs, field professionals, investors (5 to 10 years - renewable)

Retirement visa

(5 years - renewable) Persons over the age of 55 who have one of the following:

AED 20,000 per month active income
AED 1 milion in savings
AED 2 milion in property investment

* Highly educated individuals and students may also acquire a 5-year golden visa
* Refugees and asylees who are permanent residents have the same requirements as US citizens

Why buy in Dubai?

Connecting continents

At the crossroads of Europe, Asia and Africa, UAE acts as a connecting link between the 3 continents and their multitudes of cultures

Welcoming and inclusive

Family friendly and inclusive of over 200 nationalities from all over the world, welcoming diversity and cooperation

High-standard living

Thriving communities with an international education system, world-class healthcare and public amenities

Efficient economy

Stable currency, no income taxes, and VAT-free residential properties for investors

Current bank interest rates in UAE

Bank	Published banks interest rate	Down payment	Repayment period	Installment for AED 500,000 loan amount
First Abu Dhabi Bank	5.24%	40%	up to 25 years	2,993
Emirates NBD	4.79%	40%	up to 25 years	2,862
Mashreq	5.99%	40%	up to 25 years	3,218
Dubai Islamic Bank	7.63%	40%	up to 25 years	3,737
Abu Dhabi Islamic Bank	4.99%	40%	up to 25 years	2,920
HSBC	4.89%	40%	up to 25 years	2,891
Commercial Bank of Dubai	5.49%	40%	up to 25 years	3,067
United Arab Bank	5.49%	40%	up to 25 years	3,067

The interest rates shown on this page are for informational purposes only and may not always be accurate or up-to-date. Rates can fluctuate and vary based on multiple factors. We strongly recommend that you register on our website so we can provide you with the most accurate and personalized interest rate information. By registering, you can also receive tailored advice from our credit advisors to ensure you get the best possible terms for your situation.

Conditions for pre-approval

Employment

Salaried employees - at least 6 months in their current job
Self-employed - running their business for at least 2 years

Credit history

Good credit history is necessary

Income

Minimum income considered by many banks starts from AED 25,000 (or AED 3,000,000 annual turnover for self-employed)
Maximum 50% of income dedicated to repayment

Employment sector

Some banks only offer loans to employees from well-established institutions or government departments

Down payment

Starting from 20% (15% with national Islamic funding options)

Loan term

Up to 25 years

Age range

Between 25 and 65 years old

Required documentation for pre-approval

Personal documentation Valid passport

Salaried employee

Latest salary certificate (with length of employment and position)
Pay slips from the latest 3 months
Any additional bank statements from the last 6 months
Liability/Reference letter no more than 45 days old
Latest tax returns for the previous 2 years or Credit Report (if applicable)

Self-employed

Valid Trade License copy
Copy of Chamber of Commerce Registration
Copy of Partnership Page in case of multiple partners
MOA (Memorandum of Association) including all amendments
Copy of Labor Contract
Audited financials from the last 2 years

Identical documentation for co-borrowers (if applicable)

Property documentation

Quote or offer letter from the seller
Sale or purchase agreement
Title deed or site plan
Proof of down payment

Maximum monthly instalment and loan amount

Monthly income in AED	Maximum monthly instalment in AED	Maximum mortgage loan amount in AED
3,500	1,750	525,000
4,000	2,000	600,000
5,000	2,500	750,000
6,000	3,000	900,000
7,000	3,500	1,050,000
8,000	4,000	1,200,000
9,000	4,500	1,350,000
10,000	5,000	1,500,000

Mortgage loan down payment

Property type	Property price	Maximum LTV (loan-to-value ratio)	Minimum Down Payment Required
First property	Under AED 5 million	50-60%	40-50%
First property	Over AED 5 million	50-60%	40-50%
Any subsequent property	Any price	50-60%	40-50%
Off-plan / under-construction property	Any price	50%	50%

Mortgage process duration

Typical process phase	Estimated duration
Registration and loan inquiry at Kredium	5-10 minutes
Personalized offers from Kredium	30 minutes-1 hour
Mortgage application with a lender	1 day
Mortgage processing by a lender
• Salaried employees	7-10 days
• Self-employed	15-20 days
Mortgage closing with a lender	1 day

Costs of mortgage approval

Costs	Amounts in case of a AED 3,500,000 loan
Mandatory one-time costs	In AED
Land department fee	175,580
Property registration fee	4,200
Mortgage registration fee	8,760
Valuation fee	3,675
Bank processing fee	36,750
Optional one-time costs	In AED
Real estate agency or broker fee	91,875
Conveyancing fee*	8,000
Oqood fee**	175,000
Mandatory recurring costs	In AED
Life insurance	392
Property insurance	191
Total	504,423
Without optional costs	229,548

* A paid legal professional to manage the purchase or sale, usually from AED 6,000 to AED 10,000
** A fee for off-plan mortgages, usually 4% of purchase price

Monthly instalments for a AED 3.5 million mortgage loan with different rates and terms

Values are shown in AED

Interest rate	Mortgage instalments
	10 years	15 years	20 years	25 years
1.90%	32,048	22,362	17,541	14,665
2.20%	32,519	22,847	18,039	15,178
2.40%	32,836	23,173	18,377	15,526
2.60%	33,154	23,503	18,718	15,878
2.80%	33,474	23,835	19,062	16,236
3.00%	33,796	24,170	19,411	16,597
3.20%	34,120	24,508	19,763	16,964
3.40%	34,446	24,508	19,763	16,964
3.60%	34,774	25,193	20,479	17,710

Early mortgage repayment

1% fee (1.05% inclusive of VAT) on the outstanding loan amount
The fee is capped at AED 10,000 (AED 10,500 inclusive of VAT)
Some lenders allow early settlement up to 40% of the loan amount with no fee required
Some lenders don't charge a fee for early settlements up to 15% of the outstanding amount (limited to once per year)

Imagine you want to prepay your loan and fully close it in 5 years

Year	0	1	2	3	4
Outstanding amount	3,500,000	2,800,000	2,100,000	1,400,000	700,000
Prepayment	700,000	700,000	700,000	700,000	700,000
Fee	10,500	10,500	10,500	10,500	7,350

Why buy in Dubai?

Deep expertise in investment properties

Our international mortgage and real estate brokers offer expert advice and guidance to help you towards your next investment in the UAE

Remote end-to-end support

Get personalized advice, book a property, apply for a mortgage and realize your investment, all from the comfort of your home or office. We are here for you from start to finish.

Value-added services

Our partners will help you with any legal requirements and documentation you may need in order to realize your goal (e.g. investment visa)

Contact us

Kredium Technologies LLC

info@kredium.ae

+971 56 417 6546

Single Business Tower, 26th Floor
153 Sheikh Zayed Rd
Business Bay, Dubai, UAE

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