{"id":5521,"date":"2022-09-27T13:01:21","date_gmt":"2022-09-27T13:01:21","guid":{"rendered":"https:\/\/www.squareyards.ae\/blog\/?p=5521"},"modified":"2024-09-11T06:23:54","modified_gmt":"2024-09-11T06:23:54","slug":"home-loans-in-dubai-accart","status":"publish","type":"post","link":"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart","title":{"rendered":"The Ultimate Guide To Mortgage in Dubai For Expats"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If you&#8217;re a Non-Resident of Dubai and looking for a home that fits your financial goals and taste, then you are at a good place. here, we&#8217;ll be talking about mortgage in Dubai for expats<\/span> <span style=\"font-weight: 400;\">interested in living in Dubai.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-6a0458329d1cd\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-6a0458329d1cd\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Approaches_for_Expats_to_Acquire_Home_Loans_or_Mortgage_in_Dubai\" title=\"Approaches for Expats to Acquire Home Loans or Mortgage in Dubai\">Approaches for Expats to Acquire Home Loans or Mortgage in Dubai<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Pre-Required_Documents_for_Purchasing_Home_Loans_in_Dubai\" title=\"Pre-Required Documents for Purchasing Home Loans in Dubai\u00a0\">Pre-Required Documents for Purchasing Home Loans in Dubai\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Initial_Amount_Required\" title=\"Initial Amount Required\">Initial Amount Required<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Primary_Factor_on_which_a_Bank_Decides_the_Loan_or_Mortgage_Charge\" title=\"Primary Factor on which a Bank Decides the Loan or Mortgage Charge?\u00a0\">Primary Factor on which a Bank Decides the Loan or Mortgage Charge?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Mortgage_Home_Loan_Types_Offered_in_Dubai\" title=\"Mortgage \/ Home Loan Types Offered in Dubai\">Mortgage \/ Home Loan Types Offered in Dubai<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Fixed-rate\" title=\"Fixed-rate\u00a0\">Fixed-rate\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Variable-rate\" title=\"Variable-rate\u00a0\">Variable-rate\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Discounted_Rate\" title=\"Discounted Rate\u00a0\">Discounted Rate\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Capped_Rate\" title=\"Capped Rate\u00a0\">Capped Rate\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Remortgage\" title=\"Remortgage\u00a0\">Remortgage\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Offset\" title=\"Offset\u00a0\">Offset\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Duration_of_Mortgage_in_Dubai_For_Expats\" title=\"Duration of Mortgage in Dubai For Expats\">Duration of Mortgage in Dubai For Expats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Rate_Of_Home_Loans_or_Mortgage_In_Dubai\" title=\"Rate Of Home Loans or Mortgage In Dubai\">Rate Of Home Loans or Mortgage In Dubai<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Down_Payment_of_Mortgage_in_Dubai_For_Expats\" title=\"Down Payment of Mortgage in Dubai For Expats\">Down Payment of Mortgage in Dubai For Expats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Maximum_House_Loan_for_a_UAE_Mortgage\" title=\"Maximum House Loan for a UAE Mortgage?\">Maximum House Loan for a UAE Mortgage?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Documentations_Required\" title=\"Documentations Required\">Documentations Required<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Frequently_Asked_Question_FAQs\" title=\"Frequently Asked Question (FAQs)\">Frequently Asked Question (FAQs)<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Who_is_eligible_for_a_home_loan_in_Dubai\" title=\"Who is eligible for a home loan in Dubai?\">Who is eligible for a home loan in Dubai?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Can_I_take_a_home_loan_in_Dubai\" title=\"Can I take a home loan in Dubai?\">Can I take a home loan in Dubai?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#How_much_housing_loan_can_I_get_in_Dubai\" title=\"How much housing loan can I get in Dubai?\">How much housing loan can I get in Dubai?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#What_is_the_minimum_salary_for_a_home_loan_in_Dubai\" title=\"What is the minimum salary for a home loan in Dubai?\">What is the minimum salary for a home loan in Dubai?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#What_is_the_minimum_amount_of_Down_Payment_for_a_Home_Loan_in_UAE_for_Expats\" title=\"What is the minimum amount of Down Payment for a Home Loan in UAE for Expats? \">What is the minimum amount of Down Payment for a Home Loan in UAE for Expats? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Can_expats_get_a_mortgage_in_Dubai\" title=\"Can expats get a mortgage in Dubai?\">Can expats get a mortgage in Dubai?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#What_is_the_home_loan_interest_rate_in_Dubai\" title=\"What is the home loan interest rate in Dubai?\">What is the home loan interest rate in Dubai?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Can_Indians_get_loans_in_Dubai\" title=\"Can Indians get loans in Dubai?\">Can Indians get loans in Dubai?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.squareyards.ae\/blog\/home-loans-in-dubai-accart\/#Can_I_get_a_home_loan_in_Dubai_for_property_in_India\" title=\"Can I get a home loan in Dubai for property in India?\">Can I get a home loan in Dubai for property in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Approaches_for_Expats_to_Acquire_Home_Loans_or_Mortgage_in_Dubai\"><\/span><span style=\"font-weight: 400;\">Approaches for Expats to Acquire Home Loans or Mortgage in Dubai<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Financial Organisations are being instructed to adhere to a specific criterion to provide loans for homes in Dubai. These include :<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">History of your credit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your employment length in Dubai<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How much time have you spent in Dubai? The minimum requirement is about six months.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You should have a total business duration of three years.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Pre-Required_Documents_for_Purchasing_Home_Loans_in_Dubai\"><\/span><span style=\"font-weight: 400;\">Pre-Required Documents for Purchasing Home Loans in Dubai\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5563\" aria-describedby=\"caption-attachment-5563\" style=\"width: 1140px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5563 size-full\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Documents-for-Purchasing-Home-Loans-in-Dubai.jpg\" alt=\"Documents for Purchasing Home Loans in Dubai\" width=\"1140\" height=\"345\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Documents-for-Purchasing-Home-Loans-in-Dubai.jpg 1140w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Documents-for-Purchasing-Home-Loans-in-Dubai-300x91.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Documents-for-Purchasing-Home-Loans-in-Dubai-1024x310.jpg 1024w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Documents-for-Purchasing-Home-Loans-in-Dubai-768x232.jpg 768w\" sizes=\"auto, (max-width: 1140px) 100vw, 1140px\" \/><figcaption id=\"caption-attachment-5563\" class=\"wp-caption-text\">Credits : Twforex4me<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Home loans are standard in Dubai, as you may expect, and the UAE&#8217;s central bank has elaborated several clear rules. Home loans in Dubai are offered on detailed requirements for expats.\u00a0<\/span><span style=\"font-weight: 400;\">The foremost measure in this crucial process is determining how much you must pay. Besides, you should know the mortgage&#8217;s duration and whether you demand a variable or fixed interest. An expat searching to discover loans in Dubai must evaluate these fundamental aspects.\u00a0<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">\n<h3><span class=\"ez-toc-section\" id=\"Initial_Amount_Required\"><\/span><span style=\"font-weight: 400;\">Initial Amount Required<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To obtain residential loans in the UAE from a financial perspective, there are a few payments expats must pay.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You should pay 25% of the broad investment price as a down payment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">25% registration fee for lease.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">4% transfer fee<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2% real estate commission.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Primary_Factor_on_which_a_Bank_Decides_the_Loan_or_Mortgage_Charge\"><\/span><span style=\"font-weight: 400;\">Primary Factor on which a Bank Decides the Loan or Mortgage Charge?\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The lease charge is estimated according to different factors, but most importantly is your salary; this assures wrapping of the loan amount during the whole period.\u00a0<\/span><span style=\"font-weight: 400;\">Each bank imposes the minimum salary accepted, the total amount of loan it will offer depending upon the cases, and its interest rate. You should choose the best deal in your budget that suits your needs. Besides, among the UAE&#8217;s banks, the one with the lowest mortgage rate is usually the to-go option.\u00a0<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Mortgage_Home_Loan_Types_Offered_in_Dubai\"><\/span><span style=\"font-weight: 400;\">Mortgage \/ Home Loan Types Offered in Dubai<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5565\" aria-describedby=\"caption-attachment-5565\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5565 size-full\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Home-Loan-Types-Offered-in-Dubai-2.jpg\" alt=\"Home Loan Types Offered in Dubai\" width=\"1200\" height=\"700\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Home-Loan-Types-Offered-in-Dubai-2.jpg 1200w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Home-Loan-Types-Offered-in-Dubai-2-300x175.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Home-Loan-Types-Offered-in-Dubai-2-1024x597.jpg 1024w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Home-Loan-Types-Offered-in-Dubai-2-768x448.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5565\" class=\"wp-caption-text\">Credits : Housing<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Several types of leases are provided in Dubai regarding various interest calculations. The down amount must pay the property value&#8217;s tiny percentage beforehand. Easy monthly instalments can spend the rest of the property&#8217;s price.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Let&#8217;s analyse the different types of loans available :<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Fixed-rate\"><\/span><span style=\"font-weight: 400;\">Fixed-rate\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The interest rate is fixed for a distinct period for fixed-rate loans. It can vary from 1 to 5 years.<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Variable-rate\"><\/span><span style=\"font-weight: 400;\">Variable-rate\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5573 size-full\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Variable-rate-.jpg\" alt=\"Variable-rate\u00a0Offered For Home Loan in Dubai\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Variable-rate-.jpg 1000w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Variable-rate--300x200.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Variable-rate--768x512.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It&#8217;s a well-known loan in Dubai. The variable rates keep varying as per the Emirates Interbank Offered Rate, i.e. EIBOR. It can also pay a lower amount, primarily depending on the rate of EIBOR.\u00a0<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Discounted_Rate\"><\/span><span style=\"font-weight: 400;\">Discounted Rate\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It is a type of mortgage where real estate or financial institutions provide a discounted rate for a specific time. As the EMI is significantly low and can be affordable within the initial phase, it is highly advantageous for you.\u00a0<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Capped_Rate\"><\/span><span style=\"font-weight: 400;\">Capped Rate\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It&#8217;s identical to the Variable Rate Mortgage, as the interest rate is not fixed, so before the lease period begins, you approve a maximum interest rate. The interest rate won&#8217;t exceed the agreed-upon maximum limit even after the changes happen in the market.\u00a0<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Remortgage\"><\/span><span style=\"font-weight: 400;\">Remortgage\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5574 size-full\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Remortgage-.jpg\" alt=\"Remortgage\u00a0Offered For Home Loan in Dubai\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Remortgage-.jpg 1000w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Remortgage--300x200.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Remortgage--768x512.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This type would be perfect if you have applied for a loan and need an extra one during the ongoing loan.<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Offset\"><\/span><span style=\"font-weight: 400;\">Offset\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This new option lets you connect your loan, savings, and credit accounts. Hence, the overall interest gets reduced whenever you earn extra money on any of the accounts.\u00a0<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Duration_of_Mortgage_in_Dubai_For_Expats\"><\/span><span style=\"font-weight: 400;\">Duration of Mortgage in Dubai For Expats<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5560\" aria-describedby=\"caption-attachment-5560\" style=\"width: 1440px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5560 size-full\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Duration-of-Mortgage-in-the-UAE.jpg\" alt=\"Duration of Mortgage in the UAE\" width=\"1440\" height=\"900\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Duration-of-Mortgage-in-the-UAE.jpg 1440w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Duration-of-Mortgage-in-the-UAE-300x188.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Duration-of-Mortgage-in-the-UAE-1024x640.jpg 1024w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Duration-of-Mortgage-in-the-UAE-768x480.jpg 768w\" sizes=\"auto, (max-width: 1440px) 100vw, 1440px\" \/><figcaption id=\"caption-attachment-5560\" class=\"wp-caption-text\">Credits : Bayut<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The total loan period permitted within the UAE is 25 years. However, the age limit is 65 and 70 years for salaried and self-employed people, respectively. As an effect, a long-term loan outcome is reduced down payments that you must make every month. Nonetheless, home lease rates influence the total interest amount.\u00a0<\/span><span style=\"font-weight: 400;\">The ability to borrow money may likewise grow due to the continuous loan period in the country. People have an opportunity to apply for a long-term loan while applying for it. You will face no potential charges if you are willing to repay an extra 10% of the initial payment annually. Before accepting a lease for your home investment, professional advice is essential.<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Rate_Of_Home_Loans_or_Mortgage_In_Dubai\"><\/span><span style=\"font-weight: 400;\">Rate Of Home Loans or Mortgage In Dubai<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5566\" aria-describedby=\"caption-attachment-5566\" style=\"width: 1440px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5566 size-full\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Rate-Of-Home-Loans-In-Dubai-.jpg\" alt=\"Rate Of Home Loans In Dubai\u00a0\" width=\"1440\" height=\"900\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Rate-Of-Home-Loans-In-Dubai-.jpg 1440w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Rate-Of-Home-Loans-In-Dubai--300x188.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Rate-Of-Home-Loans-In-Dubai--1024x640.jpg 1024w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Rate-Of-Home-Loans-In-Dubai--768x480.jpg 768w\" sizes=\"auto, (max-width: 1440px) 100vw, 1440px\" \/><figcaption id=\"caption-attachment-5566\" class=\"wp-caption-text\">Credits : Bayut<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The loan rate for acquiring homes in Dubai varies between 3-5%. Generally, the interest rate may decline more in the coming years due to frequent fluctuations. You should look for a consistent rate if you opt for a loan. A revised rate is applied after 24 months. <\/span><span style=\"font-weight: 400;\">The fixed-rate could be relatively higher if you spent a small amount upfront. You can acquire an offer of a fixed rate for 60 months; it would be 6% higher. You may even get their lowest home loan interest rates.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">One of the most viable options for obtaining the best home loan in Dubai is to look at a usually variable mortgage rate. However, it can cause uncertainty when calculating whether you can afford the payments if the rate fluctuates in the future. <\/span><span style=\"font-weight: 400;\">You may anticipate that the interest rate could fall soon if you possess an improved market experience. You will have to pay a low-interest rate in this situation even though the interest rate might rise again because there is a chance that the analyses and projections can go wrong. Considering this vital scenario when considering home loan rates<\/span> <span style=\"font-weight: 400;\">in the UAE is essential.<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Down_Payment_of_Mortgage_in_Dubai_For_Expats\"><\/span><span style=\"font-weight: 400;\">Down Payment of Mortgage in Dubai For Expats<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">There are minor restrictions regarding expats&#8217; lease acquiring procedure through a lender. The down payment of about 20% is required from the non-nationals in cash by the UAE&#8217;s Home Loan Cap, including any associated asset charges.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"font-weight: 400;\">The minimum down fee is 20% if an individual accepts their first property within AED 5 million.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">A 30% down charge if non-national purchases over AED 5 million.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">A 40% is meant for the second, third, or any other properties of any price.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">A 50% for an under-construction property.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Rent-to-own property may be a good fit if you seek a zero-down payment home loan in Dubai.<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Maximum_House_Loan_for_a_UAE_Mortgage\"><\/span><span style=\"font-weight: 400;\">Maximum House Loan for a UAE Mortgage?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5567\" aria-describedby=\"caption-attachment-5567\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5567 size-full\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Maximum-House-Loan-for-a-UAE-Mortgage.jpg\" alt=\"Maximum House Loan for a UAE Mortgage\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Maximum-House-Loan-for-a-UAE-Mortgage.jpg 1280w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Maximum-House-Loan-for-a-UAE-Mortgage-300x169.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Maximum-House-Loan-for-a-UAE-Mortgage-1024x576.jpg 1024w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2022\/09\/Maximum-House-Loan-for-a-UAE-Mortgage-768x432.jpg 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><figcaption id=\"caption-attachment-5567\" class=\"wp-caption-text\">Credits : DNA India<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The charge of a lease relies on your earnings and liabilities in Dubai. The maximum loan-to-value proportion is 80 and 85% for non-nationals and UAE nationals, respectively, for a property investment within AED 5 million. The loan to value proportion drops to 70% for expats and 75% for residents for properties over AED 5 million.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Documentations_Required\"><\/span><span style=\"font-weight: 400;\">Documentations Required<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Individuals can negotiate loans through different means to get loans for homes in Dubai. Yet, acquiring advanced approval from a financial institution to confirm the conditions they will provide the mortgage\/loan to you is viable. <\/span><span style=\"font-weight: 400;\">You can finish the mortgage quickly and conveniently once you find a property you like in your budget. The following documents are essential for obtaining a home loan:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Passport proof<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Proof of your legal residence in Dubai and evidence of your residential address.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Documents required to prove that you have a good credit history (bank statements, proof of income, tax returns and employment letter).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial documents to prove home loan affordability.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Throughout the world, affordability is vital as a deciding factor for loan eligibility. In several countries, you must prove that your repayments on your total debt should not be more than 35% of the total income. However, the law requires that debt payments not be more than 50% of Dubai&#8217;s total income for home loans. As a result, several banks have become flexible with home mortgages.<\/span><\/p>\n<p><strong>More Useful Article for you :<\/strong><\/p>\n<table style=\"width: 712px;\">\n<tbody>\n<tr>\n<td style=\"width: 308px; text-align: left;\" width=\"301\">\n<p><span style=\"font-size: 10pt;\"><strong>Applying Mortgage in Dubai<\/strong><\/span><\/p>\n<\/td>\n<td style=\"width: 404px; text-align: left;\" width=\"301\">\n<p><span style=\"font-size: 10pt;\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/mortgage-in-dubai-hlart\">Mortgage in Dubai<\/a><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 308px; text-align: left;\"><span style=\"font-size: 10pt;\"><strong>Sale Of Mortgaged Property in Dubai<\/strong><\/span><\/td>\n<td style=\"width: 404px; text-align: left;\">\n<p><span style=\"font-size: 10pt;\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/mortgaged-property-in-dubai-regart\">Mortgaged Property in Dubai<\/a><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 308px; text-align: left;\" width=\"301\">\n<p><span style=\"font-size: 10pt;\"><strong>Guide To UAE VAT Registration Online<\/strong><\/span><\/p>\n<\/td>\n<td style=\"width: 404px; text-align: left;\" width=\"301\">\n<p><span style=\"font-size: 10pt;\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/uae-vat-registration-online-accart\">UAE VAT Registration Online<\/a><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 308px; text-align: left;\" width=\"301\">\n<p><span style=\"font-size: 10pt;\"><strong>Explore Mortgage Mistakes<\/strong><\/span><\/p>\n<\/td>\n<td style=\"width: 404px; text-align: left;\" width=\"301\">\n<p><span style=\"font-size: 10pt;\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/topmost-mortgage-mistakes-to-avoid-accart\">Mortgage Mistakes<\/a><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Question_FAQs\"><\/span>Frequently Asked Question (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Who_is_eligible_for_a_home_loan_in_Dubai\"><\/span>Who is eligible for a home loan in Dubai?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tAn individual who has worked for a minimum of 6 months in Dubai is eligible for a home loan. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Can_I_take_a_home_loan_in_Dubai\"><\/span>Can I take a home loan in Dubai?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tYes, absolutely. But you need to have the required documents as mentioned in the blog. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"How_much_housing_loan_can_I_get_in_Dubai\"><\/span>How much housing loan can I get in Dubai?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tIt can range from an interest of about 2.99% to 5%, varying on your income. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"What_is_the_minimum_salary_for_a_home_loan_in_Dubai\"><\/span>What is the minimum salary for a home loan in Dubai?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tRemember that most of the banks in the UAE require you to have a minimum salary of AED 15k to be eligible for a home loan. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"What_is_the_minimum_amount_of_Down_Payment_for_a_Home_Loan_in_UAE_for_Expats\"><\/span>What is the minimum amount of Down Payment for a Home Loan in UAE for Expats? <span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tThe minimum amount of a down payment for a home loan varies according to the property's price. However, expats usually pay 25% of the total unit price as a down payment. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Can_expats_get_a_mortgage_in_Dubai\"><\/span>Can expats get a mortgage in Dubai?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tYes, expats can get a home loan in Dubai. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"What_is_the_home_loan_interest_rate_in_Dubai\"><\/span>What is the home loan interest rate in Dubai?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tThe average rate of interest is about 4.54% p.a. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Can_Indians_get_loans_in_Dubai\"><\/span>Can Indians get loans in Dubai?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tYes, Indians can easily access home loans in Dubai. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Can_I_get_a_home_loan_in_Dubai_for_property_in_India\"><\/span>Can I get a home loan in Dubai for property in India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tSeveral Indian bank branches in Dubai can facilitate your home loan in India and can communicate the process to your local contact point. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\n<script type=\"application\/ld+json\">\n\t{\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Who is eligible for a home loan in Dubai?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"An individual who has worked for a minimum of 6 months in Dubai is eligible for a home loan. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Can I take a home loan in Dubai?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Yes, absolutely. But you need to have the required documents as mentioned in the blog. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"How much housing loan can I get in Dubai?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"It can range from an interest of about 2.99% to 5%, varying on your income. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"What is the minimum salary for a home loan in Dubai?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Remember that most of the banks in the UAE require you to have a minimum salary of AED 15k to be eligible for a home loan. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"What is the minimum amount of Down Payment for a Home Loan in UAE for Expats? \",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"The minimum amount of a down payment for a home loan varies according to the property's price. However, expats usually pay 25% of the total unit price as a down payment. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Can expats get a mortgage in Dubai?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Yes, expats can get a home loan in Dubai. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"What is the home loan interest rate in Dubai?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"The average rate of interest is about 4.54% p.a. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Can Indians get loans in Dubai?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Yes, Indians can easily access home loans in Dubai. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Can I get a home loan in Dubai for property in India?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Several Indian bank branches in Dubai can facilitate your home loan in India and can communicate the process to your local contact point. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t\t\t\t]\n\t}\n<\/script>\n\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;re a Non-Resident of Dubai and looking for a home that fits your financial goals and taste, then you are at a good place. here, we&#8217;ll be talking about mortgage in Dubai for expats interested in living in Dubai. Approaches for Expats to Acquire Home Loans or Mortgage in Dubai Financial Organisations are being [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":5559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,78,80,59],"class_list":["post-5521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dubai","category-fintech","category-home-loan","category-uae"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts\/5521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/comments?post=5521"}],"version-history":[{"count":13,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts\/5521\/revisions"}],"predecessor-version":[{"id":71482,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts\/5521\/revisions\/71482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/media\/5559"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/media?parent=5521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/categories?post=5521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}