Dubai continues to be one of the most exciting global cities for real estate investment. With zero property tax, strong rental yields, and world-class infrastructure, it’s an ideal market for first-time homeowners. Whether you're an expat or a UAE national, buying your first home in Dubai is now more accessible than ever—especially with attractive mortgage rates Dubai starting as low as 3.25%.
How Much Can You Borrow for Your First Home?
Your borrowing capacity depends on:
Monthly income
Current liabilities (credit cards, loans)
Credit score (AECB report)
Property value
Typical LTV (Loan-to-Value) Ratio for First-Time Buyers:
UAE Residents: Up to 80%
Non-Residents: Up to 60–75%
Neon Mortgage helps you pre-qualify and compare loan amounts from top UAE banks instantly.
First-Time Buyer Mortgage Rates in Dubai (2025)
Here’s a breakdown of what you can expect:
| Type of Rate | Interest Rate Range | Best For |
|---|---|---|
| Fixed-Rate (1–5 yrs) | 3.49% – 4.25% | Budget-focused buyers |
| Variable Rate | 3.25% – 4.75% | Long-term homeowners |
| Islamic Home Finance | 3.75% – 5.50% | Sharia-compliant buyers |
Required Documents for First-Time Mortgage Applicants
To get started, you’ll typically need:
Passport and visa copy
Emirates ID (if applicable)
Salary certificate or trade license
Last 6 months’ bank statements
Sales agreement or MoU for the property
Pro tip: Neon Mortgage can handle document submission and liaise with the bank on your behalf.
What Types of Properties Qualify?
ou can get a mortgage for:
Ready properties (apartments, villas)
Off-plan properties (with approved developers)
Residential plots (selected banks)
Neon Mortgage works with all major banks and developers across Dubai.
Why Choose Neon Mortgage for Your First Home?
We simplify the entire mortgage process for new buyers:
Compare mortgage rates from 30+ UAE banks
Get fast pre-approval (within 48 hours)
1-on-1 expert support from start to finish
No-obligation consultation for beginners
Negotiate lower rates and bank fees on your behalf
Ready to Buy Your First Home in Dubai?
Whether you're a salaried expat, freelancer, or business owner, Neon Mortgage can help you unlock the best first-time home buyer mortgage in Dubai.
Visit now: https://neonmortgage.com to start your journey toward homeownership with expert mortgage support.
