- Expat buyers can borrow up to 75 percent of a property’s value for a first investment of under AED 5m and UAE nationals can borrow up to 80 percent for homes worth under AED 5m.
- For homes worth over AED 5m, there is an even more significant change; expats will only be able to borrow 60 percent of the property’s value and Emiratis 65 percent.
- For second and subsequent home purchases, expats can borrow up to 60 percent and UAE nationals can borrow up to 65 percent.
- For all off plan properties, all buyers irrespective of nationality can borrow up to 50 percent of a property’s value.
- The repayment tenure of the loan is up to 25 years. Expat borrowers must be no older than 65 at the time of the last repayment and UAE nationals 70.
Home Loans Rules and Regulations
Published: 4 February 2016 | By
Abhishek Parekh
Expat buyers can borrow up to 75 percent of a property’s value for a first investment of under AED 5m and UAE nationals can borrow up to 80 percent for homes worth under AED 5m. For homes worth over AED 5m, there is an even more significant change; expats will only be able to borrow […]
