Short answer
Yes. Several UAE banks lend to non-residents, usually at a lower loan-to-value than for UAE residents, often around 50% to 60%. For off-plan, the simplest route is often the developer: Aldar and Modon now offer finance on the handover payment, so you can pay the build-stage instalments in cash and finance the rest.
Your options
- Developer handover finance from Aldar or Modon on qualifying projects.
- UAE bank mortgage for non-residents, with proof of income, bank statements and a credit report from your home country.
- Raising money at home, for example by remortgaging UK property. Speak to a UK mortgage adviser.
Things to know
- Lending terms are set by each bank under UAE Central Bank rules and change often.
- Your income currency matters: lenders apply exchange-rate buffers to pounds and euros.
General information, not financial advice. Figures attributed to Mitch come from transactions he tracks.