Best Mortgage Interest Rates in UAE
Mortgage Rates in UAE For Foreigners
Minimum Salary
Monthly AED 25,000
Loan Type
Islamic
Maximum Term
25 Years
Fixed Period
Interest Rate
3 Years
4.59%
5 Years
-
Main Features / Benefits
Profit Rates & Charges:
Reducing Rate (as advertised): 5.49% p.a. (fixed for 3 year)
Flat Rate:Â 3.10% p.a. (calculated as per 25 years tenure)
Processing Fees:Â 0.26% based on loan amount(Minimum processing fees of AED 3,000/- + VAT), Nil for buyout
Property valuation Fees:Â AED 3,150 (50% waiver on disbursement)
Early Settlement Fees:Â 1% of Outstanding Loan or AED10,000 (whichever is lower)
Partial Settlement Fees:Â Flexibility to repay up to 15% of your outstanding balance per annum without penalties
Finance Requirements:
Minimum Income Requirement:
- For salaried AED 12,000
- For self-employed AED 20,000
Minimum Length of Service Required:Â 6 months for salaried; 3 years for self-employed
Salary Transfer:Â Not Compulsory, but there is an interest rate discount if you transfer your salary
Minimum Down payment:
- For first property (If property price < AED 5M): 20% for Expats
- For first property (If property price > AED 5M): 35% for Expats
- For second property: 40% for Expats
Key Details:
Maximum Finance Amount:Â AED 20,000,000
Islamic Finance:Â Yes
Maximum Term:Â 25 Years
Finance available for:Â All Ready Villas or apartments registerable with Lands department and for approved off plan properties
Takaful (Compulsory):
Life Insurance: 0.01167% of the finance amount per month
Property Insurance:Â 0.04% per annum
Average Bank Balance
Monthly AED 25,000
Loan Type
Islamic
Maximum Term
25 Years
Fixed Period
Interest Rate
3 Years
4.35%
5 Years
-
Dubai Islamic Bank understands that one of the greatest joys is to own or build your dream home. Al Islami Home Finance offers you a range of options to suit your specific needs. DIB offer financing for residential and commercial properties. It also offers refinancing options for customers who may already own a property or are availing of a mortgage with another institution.  Major Advantage: High finance amount
Main Features / Benefits
Profit Rate & Charges:
Profit Rate: Starting from 4.99% p.a. fixed for 1 year (reducing rate)
Flat Rate:Â 3.01% p.a
Processing Fees:Â 0%Â for buyout Cases
Early Settlement Fees:Â 1% of outstanding amount (Max cap AED 10,000)
Finance Requirements:
Minimum Salary Requirement:Â AED 10,000 for UAE Nationals, AED 12,000 for Expats
Minimum Length of Service Required:Â 6 months for salaried
Salary Transfer: Not compulsory.  Â
Minimum Downpayment: 20% (Fee Financing also possible)
Key Details:
Maximum Finance Amount:Â AED 50,000,000
Islamic Finance:Â Yes
Maximum Term:Â 25 years
Finance Available For:Â Â Any ready property which can be registered in the name of the customer in the relevant authority (across UAE).Â
Takaful – Insurance (Compulsory):
Life Takaful: 0.36% per annum (on outstanding balance)
Property Takaful:Â 0.03% per annum of property value
Minimum Salary
Monthly AED 25,000
Loan Type
Conventional/Islamic
Maximum Term
25 Years
Fixed Period
Interest Rate
1 Years
-
3 Years
4.85%
5 Years
-
Main Features / Benefits
Profit Rates & Charges:
Reducing Rate (as advertised):Â 4.99% p.a. (fixed for 3 year)
Flat Rate:Â 3.10% p.a. (calculated as per 25 years tenure)
Processing Fees:Â 0.525% of the finance amount (MInimum AED 5,250), Nil for buyout
Property valuation Fees:Â AED 3,150 (50% waiver on disbursement)
Early Settlement Fees:Â 1% of Outstanding Loan or AED10,000 (whichever is lower)
Partial Settlement Fees:Â Flexibility to repay up to 15% of your outstanding balance per annum without penalties
Finance Requirements:
Minimum Income Requirement:
- For salaried AED 12,000
- For self-employed AED 20,000
Minimum Length of Service Required:Â 6 months for salaried; 3 years for self-employed
Salary Transfer:Â Not Compulsory, but there is an interest rate discount if you transfer your salary
Minimum Down payment:
- For first property (If property price < AED 5M): 20% for Expats
- For first property (If property price > AED 5M): 35% for Expats
- For second property: 40% for Expats
Key Details:
Maximum Finance Amount:Â AED 20,000,000
Islamic Finance:Â Yes
Maximum Term:Â 25 Years
Finance available for:Â All Ready Villas or apartments registerable with Lands department and for approved off plan properties
Takaful (Compulsory):
Life Insurance: 0.01167% of the finance amount per month
Property Insurance:Â 0.04% per annum
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