🏡 Mortgage Myths in Dubai for Non‑Residents – Busted!




Buying property in Dubai as a non-resident can feel overwhelming—especially when you hear conflicting advice. Here’s the truth behind the top myths, seasoned with expert insights and real-world experiences to guide you confidently.


1. Myth: Non-residents can't get mortgages in Dubai

Truth: They absolutely can! Up to 65%.

“60% is standard for a non‑resident… If you are getting 65% from any bank, that's a bonus.”

reddit.com



2. Myth: You must pay 50% or more down payment

Truth: Depending on the property type and price, you may only need 35–40%

“UAE Central Bank sets a minimum down payment of 20% for expatriates Depends on Banks internal policy “



3. Myth: Only ready properties are financed

Truth: Off‑plan mortgages are common — though banks and developers may require staged payments or higher down payments.



4. Myth: The home loan process is slow and painful

Truth: With the right documents and a good broker, approvals can be fast—pre-approval in 5–15 days, final sign-off in 4–6 weeks.



5. Myth: Interest rates are sky-high

Truth: Non-resident rates range starting from 4.39%*



6. Myth: Self-employed or foreign-earned income disqualifies you

Truth: Both salaried and self-employed applicants can qualify—just verify income with payslips, tax returns, or financial statements.



7. Myth: All banks offer the same mortgage terms

Truth: Not even close! Rates, fees, and eligibility vary widely.

8. Myth: Non-residents must rush to repay early

Truth: Early repayment and refinancing are allowed—just be aware of penalties.


✅ How Amplus Mortgage Consultants Can Help You


At Amplus, we go beyond myth-busting — we offer Transparent, personalized service to guide you through:


·      Tailored mortgage options – competitive LTVs, flexible repayment plans, and pre-approval fast-tracking.



·      Income structuring – advising on foreign income cases ( Salaried or Self emplpyed )


·      End-to-end support – application, valuation, insurance, registration, post-handover refinancing.



🔚 Final Word

Don’t let myths stall your Dubai property dreams. Non-residents have real, accessible mortgage options, and the market is more flexible than you might think.


Next step? Connect with Amplus Mortgage Consultants. We’ll analyze your profile, clear up confusion, and help you move forward with clarity and confidence.


Ready to begin?

Contact Amplus today for a free consultation and mortgage pre-approval tailored to non-residents.

📲 Mail us at info@amplusmortgage.com

📞 +971 58 598 7978 | +971 58 557 8688

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