When it comes to buying apartments or villas in the UAE, prospective homeowners often look for ‘home loans in UAE.’ When expats move to the UAE, they want to buy a home that matches their preferences and fits within their budget. UAE nationals also looks for their dream home BIZ Banking has compiled a list of important details to know before applying for a home loan in the United Arab Emirates with the best mortgage rates, as many people are looking forward to it.

Who can obtain Home Loan in UAE?

A mortgage Loan in UAE can be obtained by both ex-pats as well as UAE Nationals. There is a slight difference between both when applying for home loans. Keep reading to know the process.

Numerous banks offer mortgage loans in UAE with the best mortgage rates and low-interest home loans for property purchases. With its diverse real estate market and affordable packages, the UAE has attracted both local and international investors.

Whether you’re a UAE national or a foreigner, everyone is welcome to invest in real estate as long as they meet the eligibility criteria. Getting a home loan or mortgage loan in UAE is straightforward, provided you’re between 21 and 65 years old.

However, mortgage options for non-residents in the UAE are more limited and offer fewer perks compared to UAE nationals.

It’s important to understand the basic mortgage types offered in the UAE to pick the most suitable option with best mortgage rates based on your financial situation and monthly income.