Many off-plan buyers run into a problem: they have been faithfully paying their developer installments during construction, but when the property nears handover, they suddenly face a large lump-sum payment often 30–50% of the property’s total value.
This is where a specialist mortgage broker becomes invaluable. At Benchmark Brokers, we help buyers:
- Secure mortgage pre-approval for the handover tranche well before it falls due
- Identify which banks offer the most competitive handover mortgage products
- Arrange financing even for non-residents who purchased off-plan units
- Structure the mortgage in line with the developer’s handover timeline to avoid delays
Non-Residents Buying Off-Plan
International investors are among the most active buyers in Dubai’s off-plan market and the good news is that mortgage financing is available to non-residents for handover payments.
Non-resident off-plan buyers can typically access up to 60–65% LTV on the handover payment, meaning they would need to fund approximately 35–40% of the handover amount from their own resources (in addition to the construction installments already paid).
Our team at Benchmark Brokers has extensive experience arranging mortgage financing for overseas buyers with no UAE residence or Emirates ID.
Important Risks to Understand
Off-plan investing carries specific risks that buyers must be aware of:
- Construction delays: Projects may be delivered late, impacting when you need financing in place
- Market changes: Property values may shift between purchase and completion
- Developer risk: Always verify the developer is registered with RERA and that the project escrow account is active
- Financing conditions at handover: Your mortgage approval at the time of booking does not guarantee the same terms at handover maintain your income and credit profile
Off-Plan in Abu Dhabi: A Growing Opportunity
Off-plan activity in Abu Dhabi has surged in recent years, with master developments offering phased payment plans and significant capital appreciation potential. Benchmark Brokers is actively working with buyers purchasing off-plan in Abu Dhabi, arranging financing across a range of approved developers and projects.
Buying off-plan and unsure about your financing options? Benchmark Brokers specializes in off-plan mortgage solutions for residents and non-residents across Dubai and Abu Dhabi. Get a free consultation today.
Off-plan property offers some of the most exciting investment opportunities in the UAE but the financing journey requires careful planning. Knowing which banks finance which projects, securing pre-approval for your handover payment early, and working with experienced mortgage professionals can make the difference between a smooth transaction and a stressful scramble.
At Benchmark Brokers, we have guided hundreds of buyers through off-plan mortgage processes since 2016. Let us do the same for you.