How mortgages work in Dubai
How much a bank can lend you, the deposit you need, the fees, and the limits set by the Central Bank of the UAE.
Read the guideWhat will the mortgage cost each month?
Your repayment, the deposit the Central Bank of the UAE's limits require for you, and the income a loan needs.
AED
20%, AED 400,000At least 20%
% a year
years
- Monthly repayment
- AED 8,893
- Loan
- AED 1,600,000
- Interest over the term
- AED 1,067,996
- Monthly income needed, with no other debts
- AED 17,787
- Mortgage fees at the start
- AED 24,220
An estimate at one rate for the whole term; your bank's offer sets the real rate, fixed period and fees. Loan limits are the Central Bank of the UAE's; lending to non-residents is set by each bank and shown here at 50%. Monthly debt repayments may not exceed half your income. How mortgages work in Dubai
Buying costs calculator
Every fee on a ready or off-plan home, with or without a mortgage, for any price.
Work out your costs