Buying a property in Dubai is one of the most rewarding financial decisions you can make. Whether you’re purchasing your first home, expanding your investment portfolio, or refinancing an existing property, understanding property loans in Dubai is essential.

The emirate offers several types of property loan in Dubai options, each designed for specific borrower needs like home purchase, refinancing, equity release, or non-resident investment. Knowing how these loans work, their eligibility criteria, and repayment structures can help you make a confident, informed choice.

In this guide, we’ll explore the key types of Dubai property loans, factors to compare before applying, and what documents you’ll need to prepare for a smooth approval process.

Top 5 Types of Property Loans in Dubai

Dubai’s real estate market offers diverse financing options for every kind of buyer. Whether you are a resident, an investor, or a non-resident, there is a property loan in Dubai tailored to your needs. Each loan type serves a specific purpose. Some help you buy a new home, while others let you refinance or unlock the value of an existing property.

Here is a closer look at the top five types of property loans in Dubai, how they work, and who they are best suited for.

1) New Property Loan (Home Purchase Loan)

A New Property Loan is the most common type of property loan in Dubai, designed for individuals who want to buy their first home or invest in another property. It offers access to financing of up to 80% of the property’s value, making home ownership in Dubai more attainable for both residents and expatriates.

With competitive interest rates and quick pre-approvals, this loan helps you secure your ideal property without delays. The process is transparent and guided, ensuring that both salaried and self-employed applicants can complete their applications with ease and clarity. It is ideal for those seeking a long-term housing solution, a stable investment, or the flexibility to build wealth through Dubai’s growing property market.

New Property Loan Eligibility

For salaried UAE residents:

• Valid passport, residence visa, and Emirates ID
• Salary certificate signed and stamped by employer
• Latest 6 month’s pay slips and bank statements
• Latest credit card statement

For self-employed UAE residents:

• Valid passport, residence visa, and Emirates ID
• 12 months of personal and company bank statements
• Latest credit card statement
• Proof of any other financial obligations such as car or personal loans
• Trade licence and last two years of company audited financial accounts

This type of property loan Dubai is best suited for buyers seeking a straightforward and secure way to finance a property purchase while benefiting from flexible payment terms and professional advisory throughout the process.

2) Loan Buyout (Refinance Loan)

A Loan Buyout, also known as a refinance loan, is ideal for homeowners who already have an existing property loan in Dubai but want to switch to better terms. This option allows you to transfer your loan from one bank to another to take advantage of lower interest rates, improved repayment flexibility, or better service conditions.

A loan buyout in the UAE can significantly reduce your total borrowing cost and monthly installments. It is also useful for consolidating multiple smaller loans into a single, easier-to-manage facility. With quick processing and transparent documentation, this option is perfect for borrowers looking to optimize their finances without changing their property ownership.

Loan Buyout Eligibility

• Minimum income: AED 12,000 fixed monthly salary
• Age: Minimum 21 years old and below 60 years at the time of application
• Debt Burden Ratio (DBR): Ideally below 50% to qualify
• Existing loans: Facilities to be consolidated must generally be less than six months old

Required documents:

• Monthly salary certificate
• Copies of Emirates ID, residence visa, and passport
• Six months’ bank statements

This type of Dubai property loan suits borrowers aiming to cut costs, restructure payments, or manage finances more efficiently. It is a smart financial strategy for maintaining stability while benefiting from the most competitive market rates available.

3) Loan Against Property (Equity Release)

A loan against property in Dubai, also called an equity release, allows you to unlock the value tied up in your property without selling it. It is a flexible financing option for homeowners who want to access additional funds for business expansion, investments, education, or other major personal goals.

Through this option, eligible borrowers can receive up to 70% of their property’s market value as a secured loan, while continuing to retain full ownership. The process is transparent and well-structured, ensuring you can use your existing asset to raise capital quickly and efficiently.

Loan Against Property Eligibility

• Age: Minimum 21 years old at the time of application
• Income: Minimum monthly salary of AED 12,500
• Credit score: Strong credit record improves chances of approval and better rates
• Ownership: All co-owners must consent to the loan terms

Required documents:

• Property title deed and registration documents
• Approved building plan and authority approvals
• Passport and valid residence visa for expats
• Salary certificate and recent bank statements for employed applicants
• Trade licence and audited financials for self-employed applicants

A property loan in UAE through equity release is a practical way to generate liquidity while keeping your property portfolio intact. It offers stability, flexibility, and access to competitive rates suited to both residents and non-residents.

4) Property Loan for Non-Residents

Dubai’s property market attracts buyers from across the world, and non-residents can also take advantage of attractive property loans in Dubai. A Property Loan for Non-Residents allows foreign nationals to purchase or invest in Dubai real estate while living abroad. It offers access to up to 60% of the property value, with repayment terms structured around verified income from the applicant’s home country.

This type of Dubai property loan is ideal for overseas investors looking to grow their portfolio in one of the world’s most stable real-estate markets. With transparent documentation and expert guidance, applicants can complete the process remotely and enjoy a smooth property purchase experience.

Property Loan for Non-Residents Eligibility

For salaried non-residents:

• Valid salary certificate from employer
• Passport copy and recent residence utility bills
• Minimum AED 30,000 average monthly bank balance over the last three months

For self-employed non-residents:

• Personal bank statements for at least six months
• Company trade licence and share certificate
• Passport and ID copy
• Minimum AED 30,000 average monthly bank balance for the past three months

A property loan in Dubai for non-residents gives international buyers the opportunity to invest confidently in a high-growth market with average annual returns of around 8%. It is best suited for professionals, entrepreneurs, and investors seeking a secure and profitable way to expand their real-estate holdings in the UAE.

5) Handover Payment Loan

A Handover Payment Loan is designed for buyers of off-plan properties who need financial support to complete their final payment at the time of handover. When a development nears completion, the last instalment can often be a significant amount. This property loan in Dubai provides the necessary funds to cover the difference, allowing you to acquire your new home or investment immediately.

It offers flexible repayment terms, competitive interest rates, and quick pre-approvals for both residents and non-residents. The process is transparent and guided, ensuring that you can settle financial strain.your handover payments on time and with confidence.

Handover Payment Loan Eligibility

• Applicants: Available for both residents and non-residents
• Property type: Off-plan, residential, or commercial units
• Project status: Must have the handover certificate issued by the developer

Required documents:

• Sale and Purchase Agreement (SPA)
• Valid passport and Emirates ID for residents or original ID for non-residents
• No Objection Letter from the developer
• Relevant financial documentation and proof of income

A Dubai property loan for handover payments is the ideal solution for buyers who have invested in off-plan projects and want to ensure a smooth transition to ownership. It allows you to manage your finances effectively while securing possession of your new property without delays.

How to Apply for a Property Loan in Dubai

Applying for any property loan through Prosper is a simple and guided process.
No matter which loan type you choose, you can start your application easily through our website. Sign up and head to the Mortgages section. Choose the loan type that fits your requirements and fill out a short form with your details.

You will be asked a few questions about your property, employment, and financial profile. Based on your answers, Prosper’s mortgage experts will connect you with leading UAE banks that match your goals and budget. They will compare offers on your behalf and help you secure the lowest possible interest rate for your property loan in Dubai.

Factors to Consider When Choosing a Property Loan

Choosing the right property loan in Dubai requires careful evaluation of key financial and legal factors. Here are the most important ones to review before applying.

1. Interest Rate and Type

Compare fixed and variable rates to understand how they affect your monthly payments. Fixed rates offer stability, while variable rates can fluctuate with market changes. Always check the total interest cost over the full tenure.

2. Loan-to-Value (LTV) Ratio

LTV determines how much of the property’s value the bank will finance. Most lenders in Dubai offer up to 80% for residents and around 60% for non-residents. A lower LTV often means lower risk and better rates.

3. Loan Tenure and Instalments

A longer tenure reduces monthly payments but increases total interest. Choose a repayment term that aligns with your income, expenses, and future plans.

4. Fees and Hidden Charges

Review all processing, valuation, legal, and early settlement fees. Compare the total cost of borrowing, not just the headline interest rate.

5. Eligibility and Credit Score

Banks assess income stability, employment type, existing debts, and credit history. A strong credit score and low debt ratio improve approval chances and interest offers.

6. Property Type

Ready, off-plan, and leasehold properties follow different financing criteria. Check whether your lender supports the type of property you plan to purchase.

7. Flexibility in Repayment

Look for options like partial prepayment, early settlement, or refinancing without heavy penalties. Flexible loans help manage future cash flow changes.

Why Choose Prosper for Property Loans in Dubai

Prosper, in partnership with My Mortgage, offers tailored financing solutions with expert support and complete transparency. The platform connects you to top UAE banks for quick pre-approvals, competitive rates, and flexible repayment options.

Whether you want to buy, refinance, or release equity, Prosper’s smart tools and trusted advisors make securing a property loan in Dubai simple, fast, and stress-free. Contact us today to find your best property loan option.