Everything you need to know about financing an off-plan property in Dubai. Payment plans, bank approvals, LTV rules, and how to avoid the most common mistakes investors make.
What is an off-plan mortgage?
An off-plan mortgage in Dubai finances a property that has not yet been built or is under construction. Banks release funds in stages as construction milestones are reached.
Can you get an off-plan mortgage?
Yes, but not all banks offer them and the criteria are stricter. You need a RERA-registered developer on an approved project. The property must typically be 20 to 50 percent complete before a bank will lend.
Down payment requirements
For UAE residents the minimum is 20 percent. UAE nationals can go as low as 15 percent. Non-residents typically need 25 to 40 percent depending on the bank. Budget also for 4 percent DLD transfer fee and 2 percent agent fees.
LTV limits for off-plan
The UAE Central Bank caps LTV at 80 percent for UAE residents on properties under AED 5 million. Non-residents cap at 70 percent. Above AED 5 million, LTV drops to 75 and 65 percent respectively.
Which banks offer off-plan mortgages?
Emirates NBD, FAB, ADCB, Mashreq and HSBC Middle East all offer off-plan finance. The key is knowing which banks are approved for which specific developments. We know exactly which bank to approach for each project.
The 3 biggest mistakes off-plan buyers make
Going to a bank without knowing if they are approved for that development. Not accounting for the stage-release structure. Not locking in a rate early enough — rates can shift between signing and handover.
Ready to get pre-approved?
The best time to start your mortgage conversation is before you sign anything. A 30-minute call gives you a clear picture of what you qualify for with no credit check and no commitment.
