Best Mortgage Interest Rates in UAE

Mortgage Rates in UAE For Self-Employed

HSBC Bank Mortgage Loan

Minimum Income

Monthly AED 15,000

Loan Type

Conventional

Maximum Term

25 Years

Fixed Period

Interest Rate

2 Years

4.5%

3 Years

4.34%

5 Years

4.54%

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

Key Points:
The applicable for Green Home Loan for Premier Customers   

• (1) Green Home Loan – Private & Premier

• (2) Offer is applicable for Sustainable City Properties ONLY

• (3) Zero processing fees

• (4) 1st year property insurance premium will be refunded as per actual premium amount or maximum AED 1,000 (lower of the two)

• (5) Life Insurance and Property Insurance – are mandatory requirements. The cost would depend on number of factors. The quotes can be retrieved from the provider.

Main Features / Benefits

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.65% 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 Income Requirement: AED 20,000 (average of last 2 years profit as per audit financials)

Minimum Length of Service Required:  Min 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.

Emirates Islamic Bank Mortgage Loan

Minimum Income

Monthly AED 20,000

Loan Type

Islamic

Maximum Term

25 Years

Fixed Period

Interest Rate

3 Years

4.59%

4 Years

4.69%

5 Years

4.79%

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 4.69%

Processing Fees:

Nil for developer payments

0.5% for resale transaction 

Nil for buyout transaction

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 20,000/- Monthly Income required

Takaful:

Life Takaful: 0.02% per month

Property Takaful: Free for entire tenure

Standard Chartered Bank Mortgage Loan

Minimum Income

Monthly AED 20,000

Loan Type

Islamic/Conventional

Maximum Term

25 Years

Fixed Period

Interest Rate

2 Years

4.6%

3 Years

4.49%

5 Years

4.55%

Description

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 4.74% p.a. fixed for 3 years (reducing rate)

 

Processing Fees: 0% for buyout Cases

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

Finance Requirements:

Income: 20k – with audit

               25k – without audit

Minimum Length of Service : 3 Years

Minimum Downpayment: 20% (Fee Financing also possible)

Key Details:

Maximum Finance Amount: AED 50,000,000

Islamic Finance: Yes

Maximum Term: 25 years

Finance Available For:  Any ready property which can be registered in the name of the customer in the relevant authority (across UAE). 

Takaful – Insurance (Compulsory):

Life Takaful: 0.03% per annum (on outstanding balance)

Property Takaful: 0.033% per annum of property value

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.

ADCB Bank Mortgage Loan

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: 3.01% p.a

Processing Fees: 0% for buyout Cases

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

 

Finance Requirements:

Minimum Salary Requirement: AED 10,000 for UAE Nationals, AED 12,000 for Expats

Minimum Length of Service Required: 6 months for salaried

Salary Transfer: Not compulsory.   

Minimum Downpayment20% (Fee Financing also possible)

 

Key Details:

Maximum Finance Amount: AED 50,000,000

Islamic Finance: Yes

Maximum Term: 25 years

Finance Available For:  Any ready property which can be registered in the name of the customer in the relevant authority (across UAE). 

 

Takaful – Insurance (Compulsory):

Life Takaful: 0.36% per annum (on outstanding balance)

Property Takaful: 0.03% per annum of property value

Mortgage Pre-Approval

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Mortgage Buyout

We help you to Switch at Lower Interest rates.

Equity / Loan Against Property

We help you to get a Loan against Property.

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