Yes, absolutely. Dubai is very welcoming to foreign investors. However, the terms differ from residents.
• Expats residing in the UAE: Can typically borrow up to 80% of the property’s value for properties valued below AED 5 million, and up to 70% for properties valued at AED 5 million and above.
• Non-Residents (overseas buyers): Can get a mortgage, but the Loan-to-Value (LTV) ratio is lower. Usually, it’s up to 50-60% of the property value. The process involves more documentation (proof of income from your home country, bank statements, etc.).
Recommendation: It is highly advisable to consult directly with Windsor Premier Mortgage Team who specializes in Sharia-compliant products. They can guide you through the specific contracts, compare offers, and ensure the process aligns with both regulatory and Sharia principles.
