Dubai Mortgage & Home Loan Rates Compared (23 Jun 2026)
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Updated: 10 hours ago
Planning to buy property in Dubai? As of 23 June 2026, the cheapest home loan rates in the UAE still sit with the Islamic banks — Dubai Islamic Bank (DIB) leads at 3.49% profit rate for a 3-year fixed term, with ADIB close behind at 3.59%–3.75%. For conventional borrowers, HSBC is the market leader from 3.70% fixed. Emirates NBD and FAB are both at 3.99% promotional fixed rates — but both promos expire in just 7 days, on 30 June 2026. RAKBANK's 3.99% promo runs until 31 July.
The 3-month EIBOR benchmark — which variable-rate mortgages reset to each quarter — stands at 3.8155% as of 23 June 2026 (source: CBUAE). DIB's lifetime variable margin of EIBOR+1.00% gives an effective variable rate of approximately 4.82% today. All rates in this table are indicative and change frequently — verify directly with your bank before making any commitment. This page is not financial advice.
⚠ PROMO EXPIRY — 7 DAYS LEFT: Emirates NBD (3.99% fixed 2yr) and FAB (3.99% fixed 1–3yr + processing fee waiver) promos both expire 30 June 2026. If you are mid-application under these terms, confirm with your bank's home loan team this week whether your rate is locked in beyond 30 June.
Dubai & UAE mortgage rates as of 23 June 2026 — indicative, verify with the bank
Rates as of 23 June 2026 — indicative and change frequently. Islamic profit rates are not contractually guaranteed interest. ⚠ = promotional rate with stated expiry. 3M EIBOR = 3.8155% (CBUAE, 23 Jun 2026). Verify all figures directly with the bank before acting.
Bank | Product | Type | Headline Rate (fixed period) | Reverts To | Max LTV | Min Salary | Notes |
Dubai Islamic Bank (DIB) | Home Finance | Islamic — Diminishing Musharaka | 3.49% p.a. profit rate (3yr fixed) | EIBOR 3M + 1.00% (lowest margin on market) | 80% (expat) / 85% (UAE national) | From AED 10,000 | Zero pre-approval fee. First-time buyer programmes with DLD/DET. EIBOR margin of 1.00% is the lowest of any major bank — at 3M EIBOR 3.8155% (23 Jun 2026), effective variable rate ~4.82%. Max loan AED 50M. |
ADIB (Abu Dhabi Islamic Bank) | Home Finance | Islamic — Murabaha / Diminishing Musharaka | 3.59%–3.75% p.a. profit rate | Variable EIBOR-linked post fixed period | 80% (expat) / 85% (UAE national) | From AED 5,000 (lowest threshold) | Lowest minimum salary of all major lenders. Max finance AED 20M. Down payment: 25% (property <AED 5M), 35% (≥AED 5M). All Abu Dhabi freehold zones covered. UAE nationals: dedicated home-ownership products. |
HSBC UAE | Home Loan | Conventional | From 3.70% fixed (conventional market leader) | EIBOR 3M + 1.19% (~5.01% at 23 Jun 2026 EIBOR) | 75–80% (residents); 50–60% (non-residents) | AED 15,000 (std) / AED 40,000 (Premier) | Best rates for HSBC Premier customers (discounted margin). Non-residents: 50–60% LTV only. Arrangement fee: 1% (min AED 5,000) or 0.5% for Premier. Early-settlement: 1% (capped AED 10,000). Also offers variable-only: EIBOR 3M + 1.19% from day one. |
Emirates NBD | Home Loan | Conventional | 3.99% fixed (2yr) ⚠ PROMO EXPIRES 30 JUN | EIBOR 3M + 1.75% | 80% (expat) / 85% (UAE national) | AED 15,000 | ⚠ Promo (rate + partial-settlement waiver) expires 30 June 2026 — 7 DAYS LEFT. Salary transfer advised for best rate. Max loan AED 25M or 84× salary. Free partial settlement up to 20% annually during variable period. |
FAB (First Abu Dhabi Bank) | Home Loan | Conventional | 3.99% fixed 1–3yr (salary transfer + credit card) ⚠ PROMO EXPIRES 30 JUN | EIBOR 3M + 1.50% (salary transfer) / +1.89% (no transfer); floor 1.99% | Up to 85% (first-time buyer); 80% (standard) | Not stated | ⚠ Promo rate + processing fee waiver both expire 30 Jun 2026 — 7 DAYS LEFT. Without salary transfer: 4.24% (1–3yr), 4.44% (5yr). 5yr fixed: 4.19% (salary transfer), 4.44% (without). Grace period: 60 days (expat new buy), 90 days (UAE national new buy). |
RAKBANK | Home Loan | Conventional | 3.99% fixed (2yr) ⚠ promo | Variable EIBOR-linked (margin in final offer letter) | 80% (<AED 5M) / 70% (≥AED 5M) | AED 8,000 (joint lowest on market) | ⚠ Buyout promo (all segments) valid 29 Apr – 31 Jul 2026. Most accessible major-bank fixed-rate offer by salary threshold. 0.25% processing fee (salaried, no IPA fee). Self-employed and non-resident segments also available. Down payment: 20% (<AED 5M), 30% (≥AED 5M). |
ADCB | Standard Mortgage / Lend Smart / Home Saver | Conventional (Islamic Musharaka also available) | From 3.99%–4.25% (indicative — confirm with bank) | EIBOR 3M/6M + margin (hybrid structure) | 80% (expat) / 85% (UAE national) / 50% (non-resident) | AED 15,000 | Hybrid fixed + floating structure. ADCB Islamic Musharaka finance also available. Non-residents: 50% LTV. Multiple home-saver and offset products. Confirm current rate card at adcb.com or call 600 50 2030. |
Mashreq | Home Loan | Conventional (Neo Plus & standard) | Floor rate 5.00% applies; EIBOR 3M + 1.49% variable | EIBOR 3M + 1.49% (floor 5.00% — rate cannot fall below this) | Standard Central Bank limits | Not stated (AED 40,000 for off-plan) | EIBOR reviewed on 1st of each quarter. Floor rate of 5.00% applies for the life of the loan — rate will not drop below 5.00% even if EIBOR falls significantly. Zero processing fee + AED 1,050 pre-approval fee waiver (until 30 Jun 2026). Off-plan mortgage: up to 50% LTV, max AED 10M, pre-approved for Emaar/Dubai Holding/Aldar projects. |
Emirates Islamic | Manzili Home Finance | Islamic — Diminishing Musharaka | From 3.49% (3yr fixed) — salary-transfer rate | EIBOR-linked post fixed period | 80% (expat) / 85% (UAE national) | From AED 10,000 | Competitive with DIB at headline. Full Shariah compliance. Salary-transfer condition applies for best rates. Banker products for Emirates Islamic Priority customers may offer further discounts. |
⚠ Promo Rates Expiring in 7 Days — What You Need to Know
Three active fixed-rate promotions carry explicit expiry dates. Here is what each means in practice as of 23 June 2026:
Emirates NBD — 3.99% fixed 2yr: expires 30 June 2026 (7 days) — The promotional package (rate + partial-settlement fee waiver) lapses at end of June. If you have a Pre-Approval Letter (PAL) under this promo, confirm with your ENBD relationship manager whether the rate is locked in for your application even if processing extends past 30 June.
FAB — 3.99% fixed (1–3yr, salary transfer + credit card) + processing fee waiver: expires 30 June 2026 (7 days) — Both the promotional rate and the processing fee waiver expire on 30 June. Without salary transfer, the rate is 4.24% (1–3yr) or 4.44% (5yr) — still available after 30 June. FAB's post-fixed variable margin of EIBOR+1.50% (salary transfer) is one of the sharpest available.
Mashreq — AED 1,050 pre-approval fee waiver: expires 30 June 2026 (7 days) — Mashreq's zero processing fee is a standing offer, but the AED 1,050 pre-approval fee waiver is specific to the current promotion. The core product (EIBOR 3M + 1.49%, floor 5.00%) remains available after 30 June.
RAKBANK — 3.99% fixed 2yr: expires 31 July 2026 (38 days) — The RAKBANK buyout promo has the longest runway of the current cluster. Also the most accessible by salary — AED 8,000 minimum. Covers salaried, self-employed, and non-resident borrowers.
How to Read This Table
What is EIBOR?
EIBOR — the Emirates Interbank Offered Rate — is published daily by the UAE Central Bank (CBUAE) and reflects the rate at which Dubai banks lend to each other. Variable mortgage rates are typically quoted as '3M EIBOR + a fixed lifetime margin.' The EIBOR component resets each quarter. As of 23 June 2026, 3M EIBOR is 3.8155% (source: CBUAE). DIB's 1.00% lifetime margin gives an effective variable rate of approximately 4.82% today. The dirham is USD-pegged, so UAE rates broadly track US Federal Reserve decisions.
Fixed rate vs floating rate
A fixed-rate period (1–5 years) locks your monthly payment regardless of EIBOR moves. After the fixed period ends, the loan reverts to a variable rate (EIBOR + a stated margin). At today's EIBOR levels, a 3.99% introductory rate will revert to approximately 5.31%–5.69% when a 2-year fixed period ends (using EIBOR 3.82% + margins of 1.49%–1.89%). Budget around the reverted rate, not the teaser. Borrowers who expect EIBOR to fall may prefer shorter fixed periods — when the US Fed cuts, EIBOR typically follows.
Islamic mortgage (profit rate) vs conventional interest
UAE Islamic banks use Diminishing Musharaka (co-ownership with gradual buyout) or Murabaha (cost-plus sale) instead of interest. The 'profit rate' is broadly comparable to an interest rate in economic effect. Islamic mortgages comply with Shariah and are available to non-Muslims. In June 2026, Islamic banks (DIB, ADIB, Emirates Islamic) are marginally cheaper than conventional lenders at the headline level.
The DBR 50% cap
The UAE Central Bank caps the total Debt Burden Ratio (DBR) at 50% of gross monthly income. This means all monthly debt payments — car loans, personal loans, credit card minimums, and the new mortgage — cannot exceed half your gross salary. High existing debt can reduce the mortgage size you qualify for, regardless of the bank's advertised LTV.
Flat rate vs reducing-balance rate
Most UAE mortgages use reducing-balance interest calculation — interest accrues on the outstanding principal only, which falls as you repay. A flat rate (seen in some personal loans and referenced in older home-loan KFS documents) is calculated on the original principal for the full term — significantly more expensive in total. Always confirm which basis applies before comparing quotes.
Who Each Option Suits
Seeking the cheapest headline rate today (Islamic OK) — DIB at 3.49% and Emirates Islamic at 3.49% are joint lowest. ADIB at 3.59%–3.75% is close behind. All are fully available to non-Muslims. DIB's EIBOR+1.00% lifetime variable margin is the best protection against future rate resets.
Conventional borrower, salary AED 15,000+ — HSBC from 3.70% fixed is the conventional leader. Emirates NBD and FAB are at 3.99% but those promos expire 30 June — 7 days left. Lock in now or accept the post-promo rate.
Lower salary (AED 8,000–15,000) — RAKBANK is the only major lender with an AED 8,000 minimum salary threshold — and its 3.99% promo runs until 31 July 2026. ADIB accepts from AED 5,000 on Islamic finance products.
First-time buyer — DIB has a dedicated First Time Home Buyer programme with DLD and DET. FAB offers up to 85% LTV for first-time buyers, with one of the sharpest post-fixed EIBOR margins (EIBOR+1.50% with salary transfer). ADIB's AED 5,000 salary floor is the most accessible of the Islamic banks.
UAE national upgrading the family home — UAE nationals access 85% LTV (vs 80% for expats) on a first property under AED 5M — lower down payment required. ENBD, FAB, ADCB, ADIB and RAKBANK all have dedicated national home finance products, often with salary-transfer rate discounts.
Investor buying a second property — LTV drops to 65% (nationals) or 60% (expats) for second properties. Rates are typically 0.25–0.50% higher than for a primary home. Focus on the lifetime EIBOR margin rather than the fixed-period teaser rate.
Non-resident buying in Dubai — HSBC is the most accessible major lender for non-residents — up to 60% LTV. RAKBANK and ADCB also serve non-residents (50% LTV). Most banks require a UAE resident mortgage for 80% LTV products.
What Changes Your Mortgage Rate
Salary transfer — Moving your payroll to the lending bank typically shaves 0.20–0.50% off the rate. Emirates NBD, FAB, HSBC and ADIB all quote better terms for salary-transfer customers. If your employer uses a fixed payroll bank, factor this before applying.
Down payment / LTV — The UAE Central Bank mandates a minimum 20% down payment for expats on properties under AED 5M, and 30% for properties at or above AED 5M. Borrowing below 70% LTV may unlock better margin pricing at some banks. A larger down payment also reduces total interest and monthly obligations.
Loan tenor — UAE mortgages run up to 25 years; the loan must be fully repaid before you turn 65 (salaried expats) or 70 (UAE nationals). Shorter tenors reduce total interest paid but raise the monthly payment.
Fixed period length — A 5-year fixed rate gives more payment certainty but typically carries a higher headline rate than a 1- or 2-year fix. In a falling-rate environment, a shorter fixed period may be cheaper over the full loan life.
Islamic vs conventional — In June 2026, Islamic profit rates are marginally lower at the headline level. Choose on structure, principles, and whole-of-life cost — not headline rate alone. Some Islamic products have different early-settlement rules.
EIBOR / Fed rate cycle — The dirham is USD-pegged. UAE rates broadly follow US Federal Reserve decisions. If the Fed cuts rates in H2 2026, EIBOR should follow — benefiting existing variable-rate holders. Fixed-rate borrowers won't benefit until their fixed period ends.
Related Reference Pages on Angel in Dubai
Planning your Dubai property finances? These pages are regularly updated: UAE Savings & Fixed Deposit Rates — compare where to park your down payment while you search; Dubai Off-Plan Launches Tracker — current off-plan projects, prices and payment plans (off-plan mortgages capped at 50% LTV in the UAE); Dubai Live Gold & Currency Rates — live AED exchange rates for international buyers converting currency for a down payment.
Frequently Asked Questions
Can expats get a mortgage in Dubai?
Yes — all nine banks in this table offer home loans to UAE resident expatriates with a valid Emirates ID. Standard LTV for expats is 80% (20% down payment) on a first property under AED 5M. HSBC also offers mortgages to non-residents at 50–60% LTV. Most banks require 6–12 months of UAE employment history.
What is the maximum mortgage term in the UAE?
25 years, set by the UAE Central Bank. The loan must be fully repaid before age 65 (salaried expats) or 70 (UAE nationals). At age 50, your effective maximum term may be 15 years. Self-employed borrowers should confirm age-limit treatment with the bank.
Can I get a mortgage on an off-plan property?
Yes, but the LTV is capped at 50% for off-plan (unfinished) properties — significantly lower than the 80–85% for completed homes. Banks release funds in tranches tied to construction milestones. Verify that the project is registered with RERA and has a DLD escrow account before applying. Mashreq's off-plan product is pre-approved for Emaar, Dubai Holding, and Aldar projects with 35%+ construction.
What are the total buying costs in Dubai?
Budget 7–9% of the purchase price on top of your down payment: DLD transfer fee 4%; mortgage registration fee 0.25% + AED 290; agent commission typically 2%; property valuation AED 2,000–3,500 + 5% VAT; bank processing fee 0–1%. Mandatory life insurance adds approximately 0.4–0.8% p.a. on the outstanding balance.
Should I choose an Islamic or conventional mortgage?
In June 2026, Islamic profit rates are marginally lower at the headline. Islamic mortgages are fully available to non-Muslims. The structural differences (co-ownership vs standard mortgage charge, early-settlement mechanics) matter more than the headline rate over the full loan life. A licensed UAE mortgage broker can model both structures on your specific numbers. This page is not financial advice.
What is the UAE Central Bank policy rate in June 2026?
The CBUAE Base Rate was cut to 3.65% in December 2025, following the US Federal Reserve. The 3-month EIBOR (which drives most variable mortgage resets) stands at 3.8155% as of 23 June 2026 (source: CBUAE). Market forecasts expect 3M EIBOR to remain in the 3.45%–3.95% corridor through 2026 — lower than the 2023–2024 peaks of 5.5%+. Fixed-rate borrowers do not benefit until their fixed period ends.
Sources & Compliance
Rates as of 23 June 2026. Primary sources: DIB Home Finance; ADIB Home Finance; HSBC UAE Mortgage & Rates; Emirates NBD Home Loans; FAB Mortgage Loan; RAKBANK Home Loan; ADCB Home Loans; Mashreq Home Loans. EIBOR 3M: CBUAE EIBOR Rates (23 Jun 2026). Cross-checked via MyMoneySouq UAE Home Loans and Real Estate Club Dubai Mortgage Guide.
Rates are indicative and change frequently — confirm directly with the bank before acting. Islamic profit rates are declared/expected rates, not contractually guaranteed returns. Promotional rates carry expiry dates — verify current validity before applying. 3M EIBOR data sourced from CBUAE (23 Jun 2026); effective variable rate calculations are illustrative based on current EIBOR and stated bank margins. This page describes mortgage products available in the UAE; it is not financial advice. Speak to a licensed UAE mortgage broker or financial adviser for guidance tailored to your situation.
— Angel Tyagi, Creator of Angel In Dubai. Page refreshed 23 June 2026.
Not sponsored. No bank has paid for placement or ranking in this comparison. Rates and conditions change — verify directly with each lender before acting.
Cover: 'Sheikh Zayed Rd' by Darcey Beau via Unsplash (Unsplash License). Inline 1: 'Dubai is another planet' by Ahmed Aldaie via Unsplash (Unsplash License). Inline 2: 'Iconic City Skyline' by Sirav Talwar via Unsplash (Unsplash License). Inline 3: 'Marina Dubai Skyline' by Timo Volz via Unsplash (Unsplash License). All images are representative of Dubai — not a specific bank, developer, or property.
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