Home loan in Dubai is something that potential property owners look for a considerable amount when purchasing a property in Dubai. Moreover, another search term utilized regularly is a home loan for NRI in Dubai.

When expats make Dubai their home, they need to purchase a property that suits their taste and fits inside their budget. As you would expect, home loans or mortgages in Dubai are standard, and get the UAE Central Bank lays out rules. Home loans for expats are given out on specific conditions.

The initial step of this loan procedure is to discover how much you would have to pay down payment. Second, you would need to know the home loan duration and conclude whether to go for a variable or fixed interest rate. All these are vital considerations for any expat searching for mortgages in Dubai. Furthermore, there are few things one should remember while applying for a home loan for expats.


The financial institution needs to follow a specific set of rules to offer home loans in Dubai. Generally, banks in Dubai have four primary measures for home loan qualification:

● A business period in UAE (generally two to three years)
● Length of employment in UAE (usually a minimum of six months)
● Time Spent in the UAE( typically six months to a year)
● Credit HIstory

Before you start property searching, you should obtain a home loan pre-approval. It gives you a perfect picture of their budget. This is necessary as you can limit your inquiry according to your budget. Besides, when you sign a business contract, you need to give a 10% of the purchase cost. If you don't have the financial approval and are denied a bank account later, you will lose the bank's deposit money.

Get In Touch With MoneyDila

MoneyDila is the best private lender in Dubai who offers a home loan at the best interest rate. You will get the best deal in the market from this company. The professionals in this company will assists you at each step in loan processing. Whether you are non-residents or residents, they will assist you in each stage of loan processing. You will get unique products to fulfill your financial needs. For more detailed information https://www.moneydila.com/