Best Mortgage Interest Rates in UAE
UAE Residents – Salaried UAE Residents – Self-Employed Non Residents – Foreigners
Mortgage Rates in UAE For Self-Employed
Minimum Income
Monthly AED 15,000
Loan Type
Conventional
Maximum Term
25 Years
Fixed Period
Interest Rate
2 Years
-
3 Years
4.35%
5 Years
-
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.
Minimum Income
Monthly AED 20,000
Loan Type
Islamic
Maximum Term
25 Years
Fixed Period
Interest Rate
3 Years
4.35%
4 Years
-
5 Years
-
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
Minimum Income
Monthly AED 20,000
Loan Type
Islamic/Conventional
Maximum Term
25 Years
Fixed Period
Interest Rate
3 Years
4.35%
5 Years
-
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 secure the lowest mortgage rates in the UAE, we’ve compiled a list of mortgage documents you’ll need in Dubai and the UAE.
Use our Mortgage Calculator UAE to determine the monthly payments you will incur when purchasing a home in Dubai and the UAE.
ADCB Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeIslamic
- Maximum Term 25 Years
- 2 Years5.1%
- 3 Years5.1%
- 5 Years5.1%
- Fixed Period
- Interest Rate
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 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: 0.36% per annum (on outstanding balance)
Property Takaful: 0.03% per annum of property value
Find out the Best Mortgage Rates with us.
We help you to Switch at Lower Interest rates.
We help you to get a Loan against Property.
Talk with a Lending Specialist.
Connect with our Lending Specialists today to explore your financial possibilities.