Questions, answered.
The most common questions before buying, financing, or moving to Dubai.
Real Estate Buying Process
Sign an MOU (Form F), pay 10% deposit, secure an NOC from the developer, transfer at the Dubai Land Department, and receive title deed. Typically 4 to 6 weeks end-to-end.
Yes. In designated freehold areas foreigners can own 100% freehold, including apartments, villas, townhouses, and off-plan units.
Budget around 7 to 8% on top of price: 4% DLD fee, 2% agent commission (paid by buyer in most cases), plus admin and trustee fees. Mortgage adds around 0.25% DLD mortgage registration.
Mortgages, UAE Residents
Up to 80% LTV on first property (under AED 5M), 70% above that. DBR (debt burden ratio) capped at 50% of income.
Emirates ID, passport, salary certificate, 6 months of bank statements, and existing loan statements if any.
Pre-approval usually 3 to 5 working days. Final offer follows property valuation.
Mortgages, Non-Residents (NRI & International)
Yes. Several UAE banks have dedicated NRI desks. LTV is typically 50 to 60% for non-residents.
Home-country salary certificate, 6 months of international bank statements, tax returns, and existing loan statements.
Not always. Many steps can be completed with a Power of Attorney, and valuation can be handled remotely.