Best mortgage rates in the UAE this month
Mortgage rates in the UAE change regularly based on bank pricing, EIBOR movements, borrower profile, property type and loan-to-value ratio. This page is updated monthly with some of the most competitive mortgage rates available through Huspy.
Whether you are buying your first home, investing in an off-plan property, refinancing an existing mortgage or comparing banks before making a decision, understanding current mortgage rates UAE can help you plan your monthly payments with more confidence.
Mortgage Rates for June
Resident Client Mortgage Rates:
Best fixed rate 3.75% fixed for 1 year
Best fixed rate: 3.78% fixed for 2 years
Best fixed rate: 3.95% fixed for 3 years
Best fixed rate: 4.19% fixed for 5 years
Variable: 0.70% + 3 Months EIBOR
Off-plan Mortgage Rates:
Best fixed rate: 4.49% fixed for 3 years
Non-Resident Mortgage Rates:
Fixed rate: 4.19% fixed for 3 years
Fixed rate: 4.79% fixed for 5 years
Variable rate: 1.49% + 3 months
*These rates are subject to change at any time. Rates are indicative and subject to bank approval, eligibility, property type, loan amount, loan-to-value ratio and final credit assessment.
How UAE mortgage rates work
Most UAE mortgages are priced as either fixed-rate or variable-rate products.
A fixed mortgage rate keeps your rate unchanged for a set period, usually one, two, three or five years. This can make budgeting easier because your monthly repayment is more predictable during the fixed-rate period.
A variable mortgage rate usually moves in line with the 3-month EIBOR, plus a bank margin. For example, a variable rate may be shown as 0.70% + 3-month EIBOR. If EIBOR changes, your mortgage rate and monthly repayment may also change.
The right option depends on your budget, income stability, future plans and appetite for rate movement.
Resident vs non-resident mortgage rates in the UAE
Mortgage rates UAE residents receive are often more competitive than non-resident rates because banks usually have more visibility over local income, employment, credit history and banking activity.
Residents may also have access to higher loan-to-value options, broader bank choice and more competitive fixed-rate offers.
Non-residents can still secure UAE mortgages, but rates, down payment requirements and approval criteria may differ. Banks may ask for overseas income documents, international credit checks, bank statements and proof of funds.
Dubai mortgage rates and Abu Dhabi mortgage rates
Dubai mortgage rates and Abu Dhabi mortgage rates are generally driven by the borrower’s profile and the bank’s pricing rather than the emirate alone.
A salaried UAE resident buying a completed property in Dubai may receive a different offer from a non-resident buying in Abu Dhabi, even if the property value is similar. Banks will usually assess:
Income and employment status
Nationality and residency
Credit history
Debt-to-burden ratio
Property location and developer
Completed vs off-plan property
Down payment amount
Loan amount and mortgage tenure
This is why comparing multiple banks is important before choosing a mortgage.
How to get a lower mortgage rate in the UAE
To secure a lower mortgage rate UAE, it helps to strengthen your application before approaching banks.
A larger down payment can reduce the bank’s risk and may help you access better pricing. A stable salary, clean credit record and lower existing debt can also improve your chances of approval.
You may also be able to get a better mortgage rate by comparing fixed and variable options, checking salary transfer offers, reviewing buyout products and understanding the follow-on rate after the fixed period ends.
The lowest mortgage UAE offer is not always the best mortgage overall. Processing fees, valuation fees, insurance, early settlement terms, overpayment flexibility and post-fixed-period pricing can all affect the true cost of the loan.
Why compare mortgage rates with Huspy?
Huspy partners with 20+ leading UAE banks to help buyers and homeowners access some of the most competitive mortgage rates in the market.
Through Huspy, you can compare offers from banks including Sharjah Bank, Emirates NBD, RAKBANK, Standard Chartered, Ajman Bank, Nomo, Arab Bank, Dubai Islamic Bank (DIB), First Abu Dhabi Bank (FAB), Bank of Baroda, Abu Dhabi Islamic Bank (ADIB), Commercial Bank of Dubai, Emirates Islamic, HSBC, Mashreq and Al Hilal Bank.
Huspy helps you find best-in-product mortgage rates based on your profile, property and financing needs. Instead of speaking to multiple banks separately, you can compare options in one place and get support through the full mortgage journey, from eligibility checks and pre-approval to bank selection, documentation and final offer.
Why use a mortgage broker in Dubai?
A mortgage broker Dubai buyers trust can help simplify the process and improve your chances of finding the right deal.
Mortgage brokers compare bank offers, explain the difference between fixed and variable rates, help you understand hidden costs and guide you through the approval process.
This is especially useful if you are buying your first property, investing off-plan, refinancing, purchasing as a non-resident or comparing Islamic and conventional mortgage options.
Fixed mortgage rates vs variable mortgage rates
A fixed mortgage rate may be better if you want predictable repayments and prefer certainty over flexibility. This is often popular with first-time buyers, families and anyone planning their monthly budget carefully.
A variable mortgage rate may suit buyers who are comfortable with rate movement and want to benefit if EIBOR decreases. However, monthly payments may increase if EIBOR rises.
Before choosing, compare the initial rate, follow-on rate, fees, overpayment rules and early settlement terms.
Can you refinance to get a better mortgage rate?
Yes. If you already have a mortgage in the UAE, refinancing may help you reduce your monthly repayment, move from a variable rate to a fixed rate, release equity or switch to a more competitive bank.
Refinancing can be especially useful when your fixed-rate period ends or when your current bank’s follow-on rate is no longer competitive.
However, refinancing costs should be reviewed carefully. These may include bank processing fees, valuation fees, mortgage release fees and registration costs.
FAQs
What are the current mortgage rates in the UAE?
Mortgage rates in the UAE vary by month, bank and borrower profile. The rates listed above show the best available resident, non-resident and off-plan mortgage rates for the current monthly update.
What is the lowest mortgage rate in the UAE?
The lowest mortgage UAE rate depends on your residency status, income, credit profile, down payment, property type and selected bank. Some borrowers may qualify for lower rates than others, even in the same month.
Are Dubai mortgage rates different from Abu Dhabi mortgage rates?
Dubai mortgage rates and Abu Dhabi mortgage rates are usually based more on your profile and the bank’s criteria than the emirate itself. Property type, location and developer can still affect eligibility.
Is a fixed or variable mortgage better in the UAE?
A fixed mortgage offers repayment certainty for a set period. A variable mortgage can move up or down based on EIBOR. The better option depends on your budget, plans and comfort with changing monthly payments.
Can non-residents get a mortgage in the UAE?
Yes. Non-residents can apply for UAE mortgages, although rates, down payment requirements and documentation may differ from resident mortgage products.
Why should I use Huspy to compare mortgage rates?
Huspy partners with 20+ leading UAE banks and helps you compare competitive mortgage rates, understand your options and complete the process end to end with expert support.Explore few important tips on selecting your mortgage provider.