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Pros and Cons of Getting an Expat Mortgage in Dubai

Hot 1Viewed 18 times13-5-2023 01:26 AM

Dubai is a rapidly growing financial hub, and it is home to a thriving expat community. Many expats choose to purchase a property in Dubai, but getting a mortgage as an expat can be a challenging and confusing process. In this article, we will explore the pros and cons of getting an expat mortgage dubai.

What is an Expat Mortgage?

An expat mortgage is a type of mortgage designed for non-residents of the country where the property is located. In Dubai, expat mortgages are specifically designed for foreign nationals who want to purchase property in the emirate.

Pros of Getting an Expat Mortgage in Dubai

Easier Access to Finance

Getting a mortgage as an expat in Dubai is becoming easier, with more lenders offering expat mortgages. This means that you have more options available to you when it comes to financing your property purchase. Additionally, many lenders offer competitive interest rates on expat mortgages, making them an attractive option for those looking to invest in Dubai property.

Opportunity for Investment

Dubai is a popular destination for property investment, and getting an expat mortgage can be a great way to take advantage of this opportunity. Purchasing property in Dubai as an expat can provide a stable and long-term investment opportunity, with the potential for significant financial returns in the future.

Tax Benefits

Dubai is known for its favorable tax environment, with no income tax or capital gains tax imposed on individuals. This means that as an expat, you may be able to benefit from lower taxes on your property investment, which can result in significant savings in the long run.

Diversification of Investment Portfolio

Investing in property in Dubai can provide a diversification of your investment portfolio, helping to spread your risk across multiple asset classes. Additionally, investing in Dubai property can provide a hedge against inflation and currency fluctuations, further protecting your investment portfolio.

Cons of Getting an Expat Mortgage in Dubai

Higher Deposit Requirements

Many lenders in Dubai require higher deposit amounts for expat mortgages than for resident mortgages. This means that you may need to have a larger sum of money available upfront to secure an expat mortgage.

Potential Currency Risk

As an expat purchasing property in Dubai, you may be exposed to currency risk. If the value of the currency in which you earn your income fluctuates significantly against the Dirham, you may face challenges in repaying your mortgage.

Stringent Lending Criteria

Lenders in Dubai have stringent lending criteria for expat mortgages, including strict affordability assessments and a requirement for a minimum income level. This means that getting an expat mortgage in Dubai can be a challenging and time-consuming process, requiring significant documentation and evidence of your financial stability.

Limited Choice of Properties

Some lenders in Dubai have restrictions on the types of properties they will finance, which can limit your choice of properties available for purchase. Additionally, certain areas of Dubai may be off-limits for expat property investment, further limiting your options.


Getting an expat mortgage in Dubai can be a great way to take advantage of the thriving property market and favorable tax environment in the emirate. However, it is essential to weigh up the pros and cons of an expat mortgage carefully before making a decision. Higher deposit requirements, potential currency risk, and stringent lending criteria are all factors to consider when exploring your options for an expat mortgage. Ultimately, whether an expat mortgage is right for you will depend on your individual financial circumstances and investment goals.

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