Easily Calculate Your Mortgage Payments

Frequently Asked Questions

• What is a mortgage in the UAE?

  In the United Arab Emirates (UAE), a mortgage loan is a vital financial tool that empowers individuals to acquire real estate through borrowing from established financial institutions. While conforming to global standards, the UAE's mortgage processes and terms incorporate unique local nuances that cater to the region's specific economic and regulatory landscape.

• What are the types of mortgages in the UAE?

  Common types of mortgages in the UAE include Fixed-rate Mortgage variable rate Mortgage, Remortgage, Off-set Mortgage, Investment Mortgage, and Non-resident Mortgage.

• How to use the mortgage calculator?

  First, you need to select the property type. Then choose the down payment. Enter the loan duration. Choose the interest rate. This is it! You will get your mortgage payment estimate in an instant.

• What is the maximum mortgage loan period in the UAE?

  In the UAE, mortgage loan periods typically span between 25 to 30 years, contingent upon the lender's policies and the particular terms outlined in the loan agreement.

• Are real estate taxes included in mortgage?

  Real estate taxes, or property taxes, are typically not included in mortgage payments but may be escrowed by lenders. This involves setting aside a portion of the monthly payment to cover taxes paid directly to authorities. When using a mortgage calculator in Dubai, consider property taxes alongside principal, interest, and insurance for a complete housing expense estimate.