Best Mortgage Offers for Expats in the UAE

Quick and easy way to your new home or investment with affordable mortgages

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Current bank interest rates in UAE

Bank Published banks interest rate Down payment Repayment period Installment for AED 2,500,000 loan amount
First Abu Dhabi Bank 4.24% from 20% up to 25 years AED 13,529
Emirates NBD 4.79% from 20% up to 25 years AED 14,311
Mashreq 4.99% from 20% up to 25 years AED 14,600
RAKBank 4.79% from 20% up to 25 years AED 14,311
Commercial Bank of Dubai 4.79% from 20% up to 25 years AED 14,311
Abu Dhabi Islamic Bank 4.44% from 20% up to 25 years AED 13,811
Dubai Islamic Bank 4,74% from 20% up to 25 years AED 14,239
HSBC 4.99% from 20% up to 25 years AED 14,600
National Bank of Fujairah 5.75% from 20% up to 25 years AED 15,728
United Arab Bank 4.35% from 20% up to 25 years AED 13,684
Standard Chartered Bank 4,79% from 20% up to 25 years AED 14,311
Emirates Islamic Bank 4.49% from 20% up to 25 years AED 13,882

Conditions for pre-approval

Employment
  • Salaried employees - at least 6 months in their current job
  • Self-employed - running their business for at least 2 years
Credit history
  • Good credit history is necessary
Income
  • Minimum income considered by many banks starts from USD 4k (or oveer USD 816k in annual turnover for self-employed)
  • Maximum 50% of income dedicated to repayment
Employment sector
  • Some banks only offer loans to employees from well-established institutions or government departments
Down payment
  • Starting from 20% (15% with national Islamic funding options)
Loan term
  • Up to 25 years
Age range
  • Between 21 and 70 years old
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Required documentation for pre-approval

Personal documentation
Emirates ID and passport or visa

Proof of employment

Proof of residence address

  • (DEWA bill or tenancy contract)

Salaried employee

  • Latest salary certificate
  • Latest pay slips (if there is more than 10% variation in income)
  • Proof of previous employment if in current for less than 3 years
  • Any additional bank statements from the last 6 months

Self-employed

  • Valid Trade License copy
  • MOA (Memorandum of Association) including all amendments
  • Bank statements from the last 6 months
  • Audited financials from the last 2 years
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Property documentation

  • Quote or offer letter from the seller