About Your Application
First up, what type of mortgage are you looking for?
Mortgages in Dubai and the UAE: what to know before you apply
This calculator estimates your monthly repayment from the property price, down payment, interest rate and loan term, then lets you send a financing request in a few steps. The rules below decide how much a UAE bank can lend you.
How much you can borrow
The UAE Central Bank caps the loan-to-value ratio (the share of the price a bank can lend) by residency, property price and whether it is your first home:
- Expat residents, first home up to AED 5 million: up to 80% of the price, so at least 20% down.
- Expat residents, first home above AED 5 million: up to 70%.
- UAE nationals, first home: up to 85% (up to AED 5 million) or 75% (above).
- Second and further homes: up to 60% for expats and 65% for UAE nationals.
- Off-plan property: up to 50% of the price.
Income, term and age
Your total monthly debt repayments, including the new mortgage, credit cards and car loans, can't be more than 50% of your monthly income. The longest term is 25 years, and the loan normally has to be repaid by age 65 for expats or 70 for UAE nationals. Banks also look at your salary, employer, length of employment and credit history with the Al Etihad Credit Bureau.
Costs on top of the down payment
Budget for the purchase costs as well as the deposit. On a typical resale purchase in Dubai these include:
- Dubai Land Department transfer fee: 4% of the price.
- Mortgage registration fee: 0.25% of the loan amount, plus an admin fee.
- Bank arrangement fee: up to 1% of the loan, depending on the bank.
- Property valuation fee, and the agency commission if you buy through an agent.
Fixed or variable rate
Most UAE mortgages start with a fixed rate for one to five years and then move to a variable rate linked to EIBOR. Check the rate after the fixed period ends and any early settlement fee, as these often matter more than the starting rate.
The figures from this calculator are estimates. The bank's offer depends on its own assessment and a valuation of the property.