Common concerns and how we address them

“I won’t get approved — I’m not a resident”

On the contrary — over 60% of Dubai mortgages are issued to foreign investors. What matters is providing the right documentation and securing pre-approval

“It’s too complicated, I’ll get lost”

Space8 handles everything: from document collection to final transaction. We explain every clause in your contract

“They’ll impose unfavorable terms”

We pre-agree on the repayment schedule, interest type, term, and extra costs — only what you need

“I’m afraid of hidden fees”

No surprises — all costs are calculated in advance. We share a full breakdown before applying to the bank

“My income is non-standard — I’m self-employed”

We work with freelancers, entrepreneurs, and business owners. The key is clear documentation and income stability

“I don’t speak English”

Your personal Space8 manager speaks multiple languages. We translate everything and explain banking terms clearly

“Can I register the property under my spouse or someone else?”

The property must be registered under the name of the mortgage applicant. In case of spouses, joint ownership is possible if both provide income proof

“What if I want to sell before repaying the loan?”

Bank approval is required. We handle the request and full process. The remaining loan is transferred to the buyer (if they’re also approved), or repaid in full during the transaction

“Can I rent out the property while paying the mortgage?”

Yes. In fact, rental income often covers your monthly mortgage payments. Choosing a liquid project is key. This is a popular strategy among investors who want to start getting returns from day one

“What happens if something happens to me?”

It’s common in Dubai (and our recommendation) to draft a will. We assist with the process and advise on inheritance

“Does property in other countries affect bank approval?”

No. The key criteria are income and ability to repay

“Can I repay the mortgage early?”

Yes, early repayment is allowed. The bank typically charges a fee — around 0.5% to 1% of the prepaid amount