Frequently Asked Questions
What mortgage rates are available in Dubai? ▼
As of 2026, Dubai mortgage rates range from 3.99% to 5.5% depending on the bank, your down payment (20%+ for expats), and property type. Off-plan typically has higher initial rates. UAE Central Bank sets guidelines. Non-residents can get mortgages at slightly higher rates (4.5%–6.5%).
Can I get a mortgage as a non-resident? ▼
Yes. Major UAE banks (ENBD, ADCB, FAB, RAKBANK, CBD) offer mortgages to non-residents with: a down payment of 35–50%, income proof (6 months bank statements, salary certificate), and a valid passport. Some banks require a minimum monthly income of AED 25,000.
What's the minimum down payment in Dubai? ▼
For UAE residents: 20% for first property (under AED 5M), 30%+ for second property. For non-residents: 35–50%. Off-plan purchases from reputable developers sometimes require 10-15% during construction, with the balance on handover.
What other costs should I budget for? ▼
Budget an additional 7-9% of the property price for: Dubai Land Department fee (4%), real estate agent commission (2%), NOC fee (0.5-1%), registration fees, valuation fee (AED 2,500–3,500), and mortgage registration (0.25%). SICEMCO provides a full cost breakdown for every property.
How is the monthly payment calculated? ▼
We use the standard amortizing loan formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ−1], where P = loan amount, r = monthly interest rate (annual ÷ 12), n = total months. This calculator gives you a close estimate — final figures depend on the specific bank's terms and fees.