What are the mortgage interest rates in Dubai and UAE?

In the UAE, mortgage interest rates have experienced volatility over the past years, mirroring trends seen in many other countries. The rates you can expect will largely depend on your preference for a fixed or variable interest rate mortgage. Additionally, the length of time for which the interest rate is fixed can influence the rates available to you.

Fixed vs variable mortgage interest rate

For those considering a fixed-rate mortgage, securing a rate for a longer term might provide stability but could come at a slightly higher rate compared to shorter-term fixed rates. Variable-rate mortgages, on the other hand, fluctuate with market conditions, which can lead to lower rates at times but also carry the risk of rates increasing.

EIBOR as Reference

For today bank rate and the most current and accurate rates, it’s advisable to refer to the Emirates Interbank Offered Rate (EIBOR), which is a standard reference rate for borrowing between banks within the UAE. This rate can give you a good indication of the current market conditions and what kind of rates you might expect for mortgages.

Given the complexities and changing nature of mortgage rates, we recommend consulting with our financial advisors. They can provide personalized advice based on the latest rates and help you understand the options to find the best mortgage solution for your needs.

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