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Loan for Under-Construction Properties in the UAE

Buying an under-construction property in the UAE gives you the chance to secure premium real estate at attractive prices with flexible payment options. At BNW Mortgages, we make this investment journey simple by offering specialized mortgage solutions for off-plan and under-construction projects, ensuring you have financial support every step of the way.

Tailored Mortgage Solutions
for Under-Construction Projects

When financing under-construction properties, funds are usually released in stages, aligned with the progress of the project. With BNW Mortgages, you get:

Financing up to 50–60% of the property value.
Flexible repayment terms up to 25 years.
Access to UAE banks with approved developer lists.
Fast pre-approvals to give you confidence before purchase.

Who Can Apply?

Loans for under-construction properties are available for:

UAE Residents (salaried and self-employed).
Non-resident investors purchasing off-plan homes.
Businesses or investors seeking commercial property under development.

Why Consider an Off-Plan Property Mortgage in Dubai?

Investors and homebuyers often choose under-construction properties because they offer unique advantages:

Lower Entry Costs –
Off-plan properties are typically priced lower than ready units, letting buyers secure prime assets at early-stage values.
Flexible Payment Plans –
Developers allow staged payments linked to construction milestones, easing financial pressure.
High ROI Potential –
Property values often rise significantly by the time of completion, generating strong returns.
Customization Options –
Some developers provide opportunities to personalize layouts or finishes before handover.

Step-by-Step: How to Apply for an Off-Plan Mortgage in Dubai

1. Choose a Developer and Project

Select a property from a bank-approved developer. This ensures your mortgage application is eligible and avoids delays during the approval process.

2. Secure Mortgage Pre-Approval

Most banks issue a pre-approval in 3–5 working days. At this stage, you’ll need to provide:

Emirates ID or passport copy
Salary certificate (for salaried applicants) or trade license (for self-employed)
Recent bank statements
Proof of down payment

3. Pay the Initial Down Payment

Banks typically require a minimum 50% down payment to be made upfront before they release any financing.

4. Obtain a Developer NOC

A No Objection Certificate (NOC) from the developer is mandatory to proceed with the mortgage disbursement.

5. Bank Disbursement in Stages

The mortgage is released by the bank in phases tied to construction progress, ensuring funds are aligned with project milestones until completion.

Why Choose BNW Mortgages

Strong partnerships with every major UAE bank.

Expertise in off-plan and under-construction financing.

Transparent and ethical advice with no hidden costs.

Dedicated support from consultation to final property handover.

Frequently
Asked Questions

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Yes, many banks extend financing to non-resident investors, provided the developer is approved.

Banks generally finance 50–60% of the property’s value, depending on the project and applicant profile.

Funds are released in stages based on construction milestones, unlike ready-property mortgages.

At handover, the loan converts into a regular mortgage with structured repayments.

Passport, proof of income (salary slips, tax returns, or business documents), bank statements, and property purchase details.