In Dubai, the legalities of purchasing property with a mortgage from an offshore lender are similar to those in other countries. However, it is important for potential buyers to be aware of the specific regulations and requirements that apply in the United Arab Emirates (UAE).

One of the main considerations when purchasing property with a mortgage from an offshore lender in Dubai is the requirement for a down payment. In general, lenders in Dubai require a down payment of at least 20% of the purchase price of the property. This requirement may vary depending on the specific lender and the type of property being purchased.

In addition to the down payment, buyers will also need to provide documentation to the lender, including proof of income, proof of employment, and proof of assets. The lender will use this information to determine the borrower’s creditworthiness and to set the terms of the mortgage, including the interest rate and repayment schedule.

It is also important for buyers to be aware of Dubai’s laws regarding property ownership by non-nationals. In general, non-nationals are not allowed to own property in Dubai, with some exceptions. Non-nationals can, however, hold a long-term lease on property in certain designated areas.

Overall, the legalities of purchasing property with a mortgage from an offshore lender in Dubai are complex and it is important for buyers to seek the advice of a skilled property lawyer to ensure that their interests are protected and that the process goes smoothly.