Dubai mortgage calculator

A mortgage is a loan secured against property. The lender advances most of the purchase price; you repay in monthly instalments (usually principal and interest) over an agreed term. If you do not repay as agreed, the lender may enforce the security (for example by selling the property) according to your contract and UAE law.

UAE nationals, residents, and in many cases non-residents can apply, depending on each bank. Lenders assess income, employment, age, credit history (for example via AECB), the property (ready versus off-plan), and regulatory limits such as loan-to-value rules. Self-employed and commission-based applicants often provide extra documentation.

It depends on Central Bank of the UAE rules, each bank's policy, the property value, your income and existing debts, and whether it is your first or an additional property. Banks apply affordability checks and stress tests. You only get a binding borrowing figure after the bank's underwriting and document review (for example pre-approval or final offer).

You may see fixed-rate periods, variable or revisable rates, Islamic (Sharia-compliant) home financing, and owner-occupied versus investment-oriented products. Names and availability differ by bank. Ready properties and off-plan purchases can follow different product rules.

Terms are often roughly in the 15 to 25 year range, sometimes longer depending on the bank, your age at maturity, and the product. Banks typically cap the term so the loan matures before a maximum borrower age; exact limits vary by lender.

Yes. Beyond interest, expect potential bank arrangement or processing fees, valuation fees, land department and registration-related charges, broker fees if you use one, and insurance (such as building cover; sometimes life or job-loss cover where required). Early settlement or partial prepayment fees may apply under your contract.

Often yes, but criteria are usually stricter than for UAE residents: fewer lenders, lower loan-to-value, and stronger documentation (especially proof of income). Each bank publishes its non-resident policy; terms change over time.

UAE lenders commonly use credit bureau data (such as AECB). A solid repayment history supports approval and pricing; missed payments, defaults, or high debt utilisation can reduce what you can borrow or increase cost. You can obtain your report and dispute inaccuracies through the bureau process.

Usually yes, subject to your loan agreement. Early settlement or partial prepayment fees and notice periods depend on the bank and whether your rate is fixed or variable. Islamic finance structures have their own settlement mechanics. Ask your lender for a written settlement quote before you pay.

A typical path is: define budget or pick a property, compare lenders or use a broker, submit documents, arrange a valuation if required, obtain approval in principle, receive a final offer, sign agreements, and complete registration steps with the authorities as applicable. Timelines range from days to several weeks.

Commonly requested items include passport and Emirates ID, proof of income (salary certificate, bank statements), proof of address, employer or business documents if self-employed, existing loan statements, and property documents such as the SPA or booking form and developer or NOC paperwork for off-plan buys. Non-residents may need additional overseas income proof. Exact lists vary by bank.