Question 1

How do I calculate my mortgage affordability?

Accepted Answer

Affordability is based on your income, debts, and property value. Banks use the Debt Burden Ratio (DBR), limiting total debts (including mortgage) to 50% of your income. Enter your details in Loanex's free calculator for an instant estimate—up to 7x your annual income possible.

Question 2

What is the Debt Burden Ratio (DBR)?

Accepted Answer

DBR is the percentage of your monthly income used for debt repayments. UAE banks cap it at 50% to ensure you can afford payments comfortably.

Question 3

What is the minimum salary for a mortgage in Dubai?

Accepted Answer

Most UAE banks require a minimum monthly salary of AED 15,000 for expats, though some may approve lower based on your overall finances. Use our affordability calculator to check your eligibility instantly.

Question 4

What is the minimum deposit required for a mortgage in the UAE?

Accepted Answer

For expats, the minimum down payment is typically 20% for properties under AED 5 million and 30% for those above. UAE nationals may qualify for 15-20%. Loanex's calculator lets you test scenarios from 10% to 50% down payment to see your options.

Question 5

What is the minimum credit score for a mortgage?

Accepted Answer

Typically 550-700, depending on the bank. Higher scores unlock better rates and terms. Loanex helps you understand your standing without impacting your score via our eligibility check.

Question 6

What are the current interest rates for home loans in the UAE?

Accepted Answer

Rates vary by lender and type: Fixed-rate: 3% to 5% for 1-5 years of stability. Variable-rate: Tied to EIBOR, fluctuating with market conditions. Loanex connects you to competitive rates from top UAE banks.

Question 7

Fixed-rate vs. Variable-rate mortgage, which is better?

Accepted Answer

Fixed: Stable payments for 1-5 years. Variable: Lower initial rates but can fluctuate with EIBOR. Choose based on your risk tolerance via our tools.

Question 8

How is a mortgage repayment calculated?

Accepted Answer

Based on loan amount, interest rate, and term (up to 25-30 years). Our calculator shows exact monthly payments.

Question 9

What is mortgage refinancing?

Accepted Answer

Mortgage refinancing (or remortgaging) is replacing your existing home loan with a new one, often to get better terms like lower interest rates, shorter repayment period, or access to extra cash. In the UAE, it's common for variable-rate loans to switch to fixed for stability. Our Refinance Calculator shows how it impacts your monthly payments.

Question 10

When should I refinance my mortgage in the UAE?

Accepted Answer

Refinance if rates drop (e.g., below your current 4.75%+ in 2025), you want to shorten the term, consolidate debts, or access equity. It's ideal for expats facing EIBOR fluctuations. Use Loanex's calculator to compare your current vs. new loan and see potential EMI savings.

Question 11

What are the costs and fees for refinancing a mortgage?

Accepted Answer

Typical fees include valuation (AED 2,500-5,000), registration (AED 500-1,000), and possible early settlement penalties (up to 1-2% of outstanding balance). No Loanex fees, our calculator factors in these to show net savings.

Dubai Mortgage Calculator for UAE Residents & Expats

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Dubai Mortgage Calculator for UAE Residents & Expats