Mortgage for Off-Plan Properties in Dubai: The Complete Guide for 2025

Investing in off-plan properties in Dubai is one of the most lucrative opportunities for both residents and international investors. With flexible payment plans, high ROI, and favorable mortgage options, Dubai’s real estate market continues to attract global attention. However, understanding how to get a mortgage for off-plan properties in Dubai is crucial before making any commitment.

In this guide, we’ll explain every aspect of off-plan property mortgages in Dubai, including eligibility, bank requirements, down payments, and expert tips for smooth approval.

What Is an Off-Plan Property in Dubai?

An off-plan property refers to a real estate project that is still under construction or at the planning stage. Buyers invest directly from the developer, often at prices significantly lower than completed units. These projects are governed by the Dubai Land Department (DLD) and the Real Estate Regulatory Authority (RERA), ensuring transparency and legal protection.

Investing early in an off-plan project allows you to:

• Secure a property at a lower price.

• Benefit from flexible payment plans.

• Enjoy capital appreciation once the project is completed.

Can You Get a Mortgage for Off-Plan Properties in Dubai?

Yes, you can — but with certain conditions.
Mortgage for off-plan properties in Dubai is available through selected banks and financial institutions. These banks approve financing for projects developed by RERA-approved developers only.

Typically, banks will fund up to 50% of the property value before completion and the remaining after handover, depending on your eligibility and the developer’s track record.

Eligibility Criteria for Off-Plan Mortgages in Dubai

Before applying for a mortgage, you must meet the bank’s eligibility requirements. Here are the common criteria:

• Age: Minimum 21 years; maximum 65 for salaried and 70 for self-employed individuals.

• Income: Minimum AED 15,000 monthly (may vary by bank).

• Employment: Minimum 6 months in current employment or 2 years for self-employed.

• Credit Score: A good credit history from Al Etihad Credit Bureau (AECB) is mandatory.

• Nationality: UAE nationals, residents, and non-residents can apply (subject to bank policies).

How Much Down Payment Do You Need for an Off-Plan Mortgage?

According to the UAE Central Bank regulations, the down payment requirements differ based on residency and property value:

• UAE Residents: Minimum 25% for properties under AED 5 million.

• Non-Residents: Minimum 50% of the property value.

• Registration Fees: 4% DLD fee + 2% Oqood fee + 0.25% mortgage registration fee.

These percentages may vary depending on your lender and project developer.

Process of Getting a Mortgage for Off-Plan Properties in Dubai

Securing an off-plan mortgage requires several steps and documentation. Here’s how the process typically works:

Step 1: Select the Developer and Project

Choose a property from a RERA-approved developer. Verify the project’s status through the Dubai REST App or the DLD website to ensure legitimacy.

Step 2: Obtain a Pre-Approval

Apply for mortgage pre-approval from your preferred bank. This step helps determine how much financing you can secure based on your income, credit score, and liabilities.

Step 3: Submit Documentation

You’ll need to submit:

• Passport and visa copies

• Emirates ID (for residents)

• Salary certificate or trade license

• Bank statements (6 months minimum)

• Developer’s sales agreement

Step 4: Bank Evaluation and Approval

The bank will review the property, project status, and developer’s record. Once approved, you’ll receive an Offer Letter outlining loan terms, tenure, and interest rate.

Step 5: Registration and Payment

After signing, pay the DLD and Oqood registration fees. The bank then disburses funds directly to the developer as per the project’s construction milestones.

Best Banks Offering Mortgages for Off-Plan Properties in Dubai

Several leading banks in Dubai offer competitive off-plan mortgage options:

Each bank has unique policies regarding off-plan financing, so it’s wise to compare rates before committing.

Interest Rates on Off-Plan Mortgages in Dubai

Interest rates vary depending on your loan-to-value ratio, employment type, and bank policy.
As of 2025, typical mortgage rates for off-plan properties range between 3.49% and 5.25% annually. Some banks offer fixed rates for the first 3–5 years, followed by variable rates linked to the EIBOR (Emirates Interbank Offered Rate).

Benefits of Using a Mortgage for Off-Plan Properties

1. Low Entry Cost: You don’t need to pay 100% upfront, making property investment more accessible.

2. Capital Appreciation: Property value typically increases before completion, offering strong ROI.

3. Flexible Payment Plans: Developers often align construction-linked plans with your mortgage schedule.

4. Portfolio Diversification: Allows you to own multiple properties with partial financing.

5. Tax-Free Returns: Dubai’s zero property tax policy enhances long-term profitability.

Risks Involved in Off-Plan Property Mortgages

Despite the advantages, off-plan financing comes with certain risks:

• Project Delays: Construction or developer-related delays may affect your mortgage schedule.

• Market Fluctuations: Property values might drop before handover.

• Developer Insolvency: Choose only reputed developers with a strong delivery record.

• Higher Down Payment: Non-residents face higher upfront costs and limited bank options.

Mitigate risks by choosing RERA-registered projects, and always verify escrow account details before payment.

Tips for Securing an Off-Plan Mortgage Successfully

• Get Pre-Approval Early: It helps lock in interest rates and strengthens your negotiation power.

• Choose a Reputable Developer: Always verify RERA registration and delivery history.

• Maintain a Strong Credit Score: Avoid late payments or excessive debt before applying.

• Consult a Mortgage Broker: They can help you find the best bank and streamline documentation.

• Understand the Fine Print: Review terms like early repayment fees, rate revisions, and handover clauses.

Conclusion

Securing a mortgage for off-plan properties in Dubai offers an incredible opportunity to invest in one of the world’s fastest-growing real estate markets. With government-backed transparency, investor protection laws, and easy financing options, Dubai continues to be a preferred destination for global investors.

Whether you’re a resident or an overseas buyer, partnering with the right bank and developer ensures a smooth, profitable, and secure off-plan investment journey.

FAQs

1. Can foreigners get an off-plan mortgage in Dubai?
Yes. Non-residents can get up to 50% financing for off-plan properties from selected banks.

2. What documents are required for an off-plan mortgage?
Passport, Emirates ID (if resident), proof of income, bank statements, and developer sales agreement.

3. Is mortgage available for all off-plan projects in Dubai?
No. Only RERA-approved projects by registered developers are eligible.

4. What is the minimum salary for an off-plan mortgage in Dubai?
Usually AED 15,000 per month, depending on the bank.

5. Can I sell my off-plan property before completion?
Yes, but subject to the developer’s and bank’s approval and specific project rules.