Mortgages in Dubai: what a bank will lend and what it costs
Costs and mortgages
The Central Bank's loan limits, the deposit each one implies, the 25-year term, the 50% debt rule, the fees, and the order to do things in.
What 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%At 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
How the estimate works
The calculator works at one interest rate for the whole term. Your bank's offer sets the real rate, the fixed period and the fees.
The deposit shown is the minimum the Central Bank of the UAE's loan limits allow for you. Buying fees come on top of it.
Keep reading
Every fee on a ready or off-plan home, with or without a mortgage, for any price.
