Dubai Mortgage & Home Loan Rates Compared (24 Oct 2026)
Updated: 5 days ago
Buying or refinancing in the UAE? As of 24 October 2026, the sharpest advertised fixed rate I found is 3.75% at Sharjah Islamic Bank, with a cluster of banks at 3.89–3.99% for salary-transfer customers. Headline rates come from mortgagecompare.ae (last verified 5 Oct) and mortgease.ae (bank pages verified between 21 Sep and 5 Oct) — I could not reach the banks' own pages this week, so treat them as the most recent I can source rather than live quotes.
What moved this week is the benchmark: 3-month EIBOR is about 4.45% (22 October fixing per mortgagecompare.ae; Al Masraf's rates page shows 4.45 as of 23 October), up from 4.39% in the 8 October fixing I used last week. That lifts every variable and post-fixed-period rate in the all-in table below. Everything here is indicative — confirm with the bank.
The honest read: a fixed rate only protects you for 1–5 years. Compare what it reverts to as well as the headline.
UAE Mortgage Rates — As of 24 October 2026 (Indicative, Verify with Bank)
Scenario: salaried applicant, salary transfer, first home under AED 5M, around 80% LTV. Sources: mortgagecompare.ae and mortgease.ae. Where the two disagree I show both. Neither publishes LTV or minimum salary per bank, so I point to the regulatory caps below. Standard Chartered is left out because I found no current figure. Rates are indicative and change frequently — confirm directly with the bank before acting. Islamic products quote a profit rate rather than interest.
Bank | Product | Type | Headline rate (fixed period) | Reverts to | Max LTV | Min salary | Notes |
Sharjah Islamic Bank | Fixed home finance | Islamic | 3.75% (1/3/5 yrs); 3-yr 3.99%, 5-yr 4.25% | 3M EIBOR + 1.75% | Per CBUAE caps (see LTV table) | Check with bank | Salary transfer required. Lowest headline on both aggregators. |
Emirates NBD | Standard, salary transfer | Conventional | 3.89% (2/3 yrs) per one source; 4.19% 2-yr per another | 1M EIBOR + 1.99% | Per CBUAE caps (see LTV table) | Check with bank | The two sources disagree: one shows 4.19% (4.59% without salary transfer, from 7 Oct). Confirm the exact quote. |
United Arab Bank | Standard, salary transfer | Conventional | 3.89% (1/2/3/5 yrs) | 3M EIBOR + 1.79% | Per CBUAE caps (see LTV table) | Check with bank | Bank fee 0.525% per one source. The other source's page for this bank is dated June. |
ADIB | Standard, salary transfer | Islamic | 3.99% (3–20 yrs) per one source; 4.09% 2-yr buyout per another | 1M EIBOR + 1.60% | Per CBUAE caps (see LTV table) | Check with bank | Different products; buyout campaign extended to 31 Dec 2026. |
FAB | Standard, salary transfer | Conventional | 3.99% (1/2/3/5 yrs); 5-yr 4.19% | 3M EIBOR + 1.50% | Per CBUAE caps (see LTV table) | Check with bank | Both sources list 3.99%. Fee waiver capped at AED 25,000 per one source. |
Commercial Bank of Dubai | Standard, salary transfer | Conventional | 3.99% (1/3/5 yrs) | 3M EIBOR + 1.69% below 50% LTV; + 1.79% above | Per CBUAE caps (see LTV table) | Check with bank | Margin depends on LTV. |
Emirates Islamic | Standard, salary transfer | Islamic | 3.99% (3/5 yrs) | 3M EIBOR + 1.79% | Per CBUAE caps (see LTV table) | Check with bank | Both sources list 'from 3.99%'. |
Arab Bank | Fixed home loan | Conventional | 3.99% (2/3 yrs); 3-yr 4.25% | 6M EIBOR + 1.89% | Per CBUAE caps (see LTV table) | Check with bank | Repriced up on 5 Oct. Needs salary transfer and a bank credit card. |
HSBC UAE | Private, Premier and Advance | Conventional | 4.05% (1/2/3/5 yrs) | 3M EIBOR + 1.09% | Per CBUAE caps (see LTV table) | Check with bank | Restricted to those segments, no salary transfer needed. Both sources list 4.05%. |
Ajman Bank | Standard, salary transfer | Islamic | 4.09% (2 yrs) | 3M EIBOR + 1.75% | Per CBUAE caps (see LTV table) | Check with bank | Both sources list 4.09%. |
Dubai Islamic Bank | Standard, salary transfer | Islamic | 4.10% (3 yrs) per the newer source | 3M EIBOR + 1.00% | Per CBUAE caps (see LTV table) | Check with bank | Repriced up on 5 Oct. An older July note shows 3.95%, which may no longer apply. |
ADCB | Fixed home loan | Conventional | 4.13% (term not stated) | EIBOR + margin (not stated) | Per CBUAE caps (see LTV table) | Check with bank | Single source only; no margin or fee published there. |
Mashreq | Standard pricing segment | Conventional | 4.49% (2 yrs) | 3M EIBOR + 1.25% | Per CBUAE caps (see LTV table) | Check with bank | Both sources list 4.49%. The 3.99% premium tier was withdrawn from 1 Oct. |
RAKBANK | RAK Elite, salary transfer | Conventional | 4.69% (3 yrs) per the newer source | 3M EIBOR + 1.69% | Per CBUAE caps (see LTV table) | Check with bank | An older July note shows 3.89% for 3 years, which looks superseded. Confirm. |
Rates as of 24 October 2026 — indicative, verify with the bank. This table is aggregator-sourced; the banks' own product pages could not be reached this cycle, and the headline rates are carried from the 3–5 Oct checks.
What Is EIBOR and Why Does It Matter?
EIBOR is the rate UAE banks charge each other, and most variable mortgages are priced as EIBOR plus a fixed margin. As of 24 October 2026, the latest 3-month fixing I can source is about 4.45% (22 October, via mortgagecompare.ae; 4.45 on Al Masraf's rates page dated 23 October). Check the Central Bank's published fixing for a binding figure.
The Central Bank of the UAE raised its Base Rate by 25 basis points to 3.9%, effective 17 September 2026 (carried from last edition; not re-verified this cycle). This does not change the payment on an existing fixed-rate mortgage during its fixed period. Some aggregators still show the old 3.65% figure.
Indicative All-In Variable Rates Today
Spread (from the table above) added to a 3M EIBOR of about 4.45%. Banks priced off 1M or 6M EIBOR are left out. Illustrative arithmetic only, sorted lowest to highest.
Bank / product | Basis | Spread | Indicative all-in today |
Dubai Islamic Bank | 3M EIBOR (~4.45%) | +1.00% | ~5.45% p.a. |
HSBC UAE | 3M EIBOR (~4.45%) | +1.09% | ~5.54% p.a. |
Mashreq | 3M EIBOR (~4.45%) | +1.25% | ~5.70% p.a. |
FAB | 3M EIBOR (~4.45%) | +1.50% | ~5.95% p.a. |
RAKBANK | 3M EIBOR (~4.45%) | +1.69% | ~6.14% p.a. |
Commercial Bank of Dubai (below 50% LTV) | 3M EIBOR (~4.45%) | +1.69% | ~6.14% p.a. |
Sharjah Islamic Bank | 3M EIBOR (~4.45%) | +1.75% | ~6.20% p.a. |
Ajman Bank | 3M EIBOR (~4.45%) | +1.75% | ~6.20% p.a. |
United Arab Bank | 3M EIBOR (~4.45%) | +1.79% | ~6.24% p.a. |
Emirates Islamic | 3M EIBOR (~4.45%) | +1.79% | ~6.24% p.a. |
Rates as of 24 October 2026 — indicative, verify with the bank.
How to Read the Comparison Table
Fixed vs floating — A fixed rate locks your repayment for 1–5 years, then reverts to EIBOR plus the bank's margin.
Islamic vs conventional — Islamic products use a profit rate under Ijara or similar structures; compare total cost, not the label.
DBR — The Central Bank caps total monthly debt payments at 50% of gross salary.
Reducing balance — UAE mortgages are quoted on a reducing balance, the right basis for comparison.
LTV — Loan divided by property value. Expats need at least a 20% down payment on a first completed home under AED 5M, plus the 4% Dubai Land Department transfer fee.
Regulatory LTV Caps
Borrower type | Property value | 1st home (completed) | 2nd / investment property | Off-plan |
UAE National | ≤ AED 5M | 85% | 65% | 50% |
UAE National | > AED 5M | 75% | 65% | 50% |
Expat resident | ≤ AED 5M | 80% | 60% | 50% |
Expat resident | > AED 5M | 70% | 60% | 50% |
Non-resident | All | 50–65% | 50–60% | Not typical |
As of 24 October 2026: regulatory ceilings under the Central Bank mortgage rules, carried over from the previous edition of this page and not re-verified this cycle. Individual banks may apply tighter limits; confirm with the bank.
Who Does Each Option Suit?
Salaried expat, lowest headline — Sharjah Islamic Bank and a group at 3.89–3.99% (United Arab Bank, FAB, CBD, Emirates Islamic, ADIB) lead on advertised rate, all with salary transfer.
Tightest variable margin — DIB (EIBOR + 1.00%) and HSBC (EIBOR + 1.09%) show the lowest margins in this table, though DIB's fixed rate has moved up.
Sharia-compliant preference — Sharjah Islamic, ADIB, Emirates Islamic, Ajman and DIB all list Islamic products; compare reversion margins.
No salary transfer — HSBC lists no salary-transfer requirement for its eligible segments; most others price their best rate on it.
Property over AED 5M or off-plan — Lower LTV caps apply. Budget the full cash outlay and ask each bank about its own limits.
What Changes the Rate You're Offered?
Salary transfer — Often required for the headline rate; without it, one source shows Emirates NBD about 0.4 points higher.
LTV — A lower LTV can improve margin; CBD, for example, prices below 50% LTV more tightly.
Fixed period — Longer fixes usually cost more: Sharjah Islamic goes from 3.75% (1-year) to 4.25% (5-year).
Employer profile — Banks may price better for preferred employers; ask yours.
EIBOR direction — With 3M EIBOR near 4.5%, the revert rate matters more than it did in summer.
Frequently Asked Questions
Can expats get a mortgage in the UAE?
Yes. Resident expats can generally borrow up to 80% of a completed first home under AED 5M, subject to the 50% DBR cap and each bank's salary requirement. Non-residents face lower LTV and tighter documents.
Is it better to go fixed or floating now?
As of 24 October 2026, 3-month EIBOR is around 4.45% and the Base Rate was raised in September, so a fixed rate removes near-term uncertainty, while floating benefits if rates fall. It is a trade-off and not financial advice.
What fees should I budget beyond the rate?
Expect the 4% Dubai Land Department transfer fee, registration fees, valuation, a bank fee (about 0–0.5% in this table's sources, though some banks charge more) and insurance. Confirm each with the bank.
What does EIBOR + 1.5% mean on AED 1M?
At a 3M EIBOR near 4.45%, EIBOR + 1.50% is roughly 5.95% a year. That is illustrative only; your payment depends on tenor, fees and reset dates.
Which bank has the lowest mortgage rate?
As of 24 October 2026, Sharjah Islamic Bank's 3.75% is the lowest advertised headline I found, but it requires salary transfer and rates move often. Always compare the revert rate too and confirm directly.
Sources & Data Notes
Rates: mortgagecompare.ae (last verified 5 Oct 2026) and mortgease.ae (bank pages verified 21 Sep–5 Oct 2026). EIBOR: mortgagecompare.ae EIBOR forecast (22 Oct 2026 fixing) cross-checked against Al Masraf's rates page (23 Oct 2026). Base Rate: Central Bank of the UAE. These are third-party figures; I could not verify them on the banks' own pages this cycle.
This is not financial advice. Rates are indicative and change frequently — confirm directly with the bank before acting. Confirm with the bank or a licensed UAE mortgage broker. Angel In Dubai is not affiliated with or paid by any bank listed. See also: Dubai Off-Plan Launches Tracker and UAE Fixed Deposit & Savings Rates.
— Angel Tyagi, angelindubai.com | Researched 24 October 2026 | Next update: ~31 Oct 2026
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