Best Mortgage Interest Rates in UAE

Mortgage Rates in UAE For Salaried

Abu Dhabi Islamic Bank Mortgage Loan

Minimum Salary

AED 15,000

Loan Type

Islamic

Maximum Term

25 Years

Fixed Period

Interest Rate (STL)

NSTL

3 Years

3.99% 

4.24% 

4 Years

4.69%

4.69%

5 Years

4.19%

4.49%

Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.

Main Features / Benefits

Main Benefits:

Free property insurance

Profit Rates & Charges:

Reducing Rate (as advertised): Starting from 3.99%

Processing Fees:

Nil for developer payments

0.5% for resale transaction 

Nil for buyout transactions

Property valuation Fees: AED 2,625

Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)

Partial Settlement Fees: Up to 30% annually is allowed without any charge

Finance Requirements

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed

Minimum Down payment:

For first property (If property price < AED 5M): 20%

For first property (If property price > AED 5M): 30%

For second property: 40%  

Key Details:

Maximum Finance Amount: AED 15,000,000

Islamic Finance: Yes

Maximum Term: 25 Years

Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.

AED 15,000/- Monthly Income required

Takaful:

Life Takaful: 0.02% per month

Property Takaful: Free for entire tenure

RAK Bank Mortgage Loan

Minimum Salary

AED 15,000

Loan Type

Conventional/Islamic

Maximum Term

25 Years

Fixed Period

Interest Rate (STL)

NSTL

3 Years

4.19%

4.39%

5 Years

4.23%

4.44%

It combines your current account, interest savings and mortgage facility to provide a single, easy-to-manage solution with a range of benefits. Major Advantage: Higher is your deposit in your current account; lower is your interest rate  

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.24% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower) 

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

FAB Bank Mortgage Loan

Minimum Salary

AED 15,000

Loan Type

Conventional/Islamic

Maximum Term

25 Years

Fixed Period

Interest Rate (STL)

NSTL

3 Years

4.24%

5.24%

5 Years

4.49%

5.24%

Looking to transfer your balance or buy your first property in the UAE? Whatever your situation, we’ve got a choice of competitive mortgages. Plus, if you’re buying a sustainable property you could qualify for our Green Home Loan discount on your rate.   Major Advantage: Lower interest rate

Main Features / Benefits

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.49% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 2,625

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower) 

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20%

For first property (If property price > AED 5M): 30%

For second property: 40%

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai & Abu Dhabi.

Insurance (Compulsory):

Life Insurance: Independent life insurance through Zurich only arranged by the bank

Property Insurance: 0.035% p.a.

To help you get your dream home and make the mortgage process easier, we've compiled a list of mortgage documents you'll need in Dubai and the UAE.

Use our Mortgage Calculator to determine the monthly payments you will incur when purchasing a home in Dubai and the UAE.

Mortgage Pre-Approval

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Mortgage Buyout

We help you to Switch at Lower Interest rates.

Equity / Loan Against Property

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