How to buy a home in Dubai in 2026 (3 essential steps)

Introduction

This week on Allsopp on Air, Michael Melim, Head of Mortgages, sits down with Senior Mortgage Advisor, Cameron McNab, to unpack everything you need to know about buying a home in Dubai in 2026.

They break down the UAE mortgage market in a way that’s easy to follow, whether you're a first-time buyer, seasoned investor, or exploring Dubai from overseas, Michael and Cameron explain the key differences between UAE mortgages and those in markets like the UK and US. They clearly outline the deposit requirements for residents and non-residents, and why understanding loan-to-value rules is essential before making your move.

They also dive into the pros and cons of fixed vs variable rates, how refinancing works once you become a resident, and why offset mortgages can be a powerful tool for buyers who value flexibility and liquidity.

Tune in for practical guidance, expert insights, and a clear roadmap to securing the right mortgage in Dubai’s rapidly growing property market - so you can buy with confidence, whether you’re based here or abroad.

Understanding the Mortgage Market Dynamics

Michael and Cameron start the discussion by outlining how the UAE's loan-to-value parameters differ from those in the UK. While the UK offers mortgages with up to 95% loan to value and even 100% under certain schemes, the UAE is more conservative. Here, local Emirati clients can secure up to 85% loan to value, while expats typically need to invest a minimum of 20% deposit for properties under 5 million dirhams. Such prudence safeguards clients from over-leveraging and ensures a stable investment environment.

Key Rules for Buying in Dubai

The episode highlights three critical focal points for potential buyers: understanding how mortgages differ in the UAE, obtaining a mortgage as a resident, and securing financing as a non-resident. The Dubai market's booming nature is a key attraction, and prospective investors must navigate wisely to maximise returns and avoid potential pitfalls.

How to Buy in Dubai as a Resident Vs Non-Resident

For new residents, having as little as one payslip from a credible employer can kickstart the mortgage application process, underscoring the UAE's flexibility compared to international markets. For non-residents, a 35% to 40% deposit is standard. Despite potential initial high capital requirements, refinancing options once residents are available, allowing buyers to access more favourable terms.

How to Choose the Right Mortgage Product for You

The discussion also touches upon fixed versus variable rate mortgages and the often underappreciated offset mortgages. Fixed-rate products are favoured due to their long-term security, but variable rates have gained traction due to recent interest rate cuts. The offset mortgage, particularly beneficial for cash buyers, offers liquidity and financial flexibility that may not be evident in standard mortgage products.

Final Thoughts and Viewer Questions

Michael and Cameron then answer viewer questions about the nuances of securing mortgages, illustrating scenarios like joint applications and eligibility for new residents with no local credit history.

In conclusion, this episode is a must-listen for anyone considering the UAE as their property investment destination, providing essential knowledge and strategic guidance. As Michael and Cameron highlight, selecting the right mortgage broker is crucial, and their expertise can save investors both time and money in this dynamic market from the get-go. For personalised mortgage advice, you can reach them directly here.

For the full episode head to our YouTube channel