Off-Plan Property Mortgages in the UAE
Finance under-construction properties in Dubai and Abu Dhabi with the UAE's most experienced mortgage broker.
Off-plan mortgages finance properties that are not yet completed — typically for 12–48 months into construction. UAE banks offer mortgages on off-plan properties from approved developers, usually requiring a minimum 20% deposit (50% for non-residents). The mortgage is drawn down progressively as construction milestones are reached. Mortigo has relationships with all major UAE banks and developer project lists to identify the best off-plan financing.
Key Facts
| Minimum deposit (residents) | 20% of property price |
| Minimum deposit (non-residents) | 50% of property price |
| Maximum LTV (residents) | 75% (expats) / 80% (UAE nationals) |
| Progressive drawdown | Released as construction progresses |
| Key approved developers | Emaar, DAMAC, Nakheel, Sobha, Meraas, Aldar |
Key Points
- Off-plan mortgages typically offer 1–2 year post-handover payment plans in combination with the mortgage.
- Bank approval depends on the developer and project — not all projects are approved by all banks.
- Interest is charged on drawn-down amounts only during construction — lower initial payments.
- Mortigo's developer-bank matrix identifies which banks finance which projects.
Frequently Asked Questions
Can I get a mortgage for an off-plan property in Dubai?
Yes, most major UAE banks offer off-plan financing for approved developer projects. You typically need a minimum 20% deposit (residents) and the bank releases funds progressively as construction milestones are met.
Which UAE banks are best for off-plan mortgages?
Emirates NBD, FAB, DIB, and Mashreq are among the most active off-plan lenders. Each has different developer approval lists — Mortigo compares all to find the best option for your specific project.
What happens if I can't pay the off-plan mortgage during construction?
If you face difficulty, options include selling the off-plan unit, requesting a payment deferral, or restructuring the mortgage. Mortigo advises on all scenarios before you commit.
Learn about UAE handover payment structures for off-plan properties — how to plan your finances from reservation to key collection.
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Overview
Off-plan mortgages finance properties that are not yet completed — typically for 12–48 months into construction. UAE banks offer mortgages on off-plan properties from approved developers, usually requiring a minimum 20% deposit (50% for non-residents). The mortgage is drawn down progressively as construction milestones are reached. Mortigo has relationships with all major UAE banks and developer project lists to identify the best off-plan financing.
Key Points
Frequently Asked Questions
Can I get a mortgage for an off-plan property in Dubai?
Yes, most major UAE banks offer off-plan financing for approved developer projects. You typically need a minimum 20% deposit (residents) and the bank releases funds progressively as construction milestones are met.
Which UAE banks are best for off-plan mortgages?
Emirates NBD, FAB, DIB, and Mashreq are among the most active off-plan lenders. Each has different developer approval lists — Mortigo compares all to find the best option for your specific project.
What happens if I can't pay the off-plan mortgage during construction?
If you face difficulty, options include selling the off-plan unit, requesting a payment deferral, or restructuring the mortgage. Mortigo advises on all scenarios before you commit.
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