Your figures
Example value: enter the rate offered by your lender.
| Year | Interest | Capital | Balance |
|---|---|---|---|
| 1 | 39,096 | 49,667 | 950,333 |
| 2 | 37,073 | 51,690 | 898,643 |
| 3 | 34,967 | 53,796 | 844,847 |
| 4 | 32,775 | 55,988 | 788,860 |
| 5 | 30,494 | 58,269 | 730,591 |
| 6 | 28,120 | 60,643 | 669,948 |
| 7 | 25,649 | 63,113 | 606,835 |
| 8 | 23,078 | 65,685 | 541,150 |
| 9 | 20,402 | 68,361 | 472,790 |
| 10 | 17,617 | 71,146 | 401,644 |
| 11 | 14,718 | 74,044 | 327,599 |
| 12 | 11,701 | 77,061 | 250,538 |
| 13 | 8,562 | 80,201 | 170,337 |
| 14 | 5,294 | 83,468 | 86,869 |
| 15 | 1,894 | 86,869 | 0 |
Monthly payment
AED 7,397
Indicative simulation, not a loan offer, an approval or financial advice. Limits shown are the regulatory maximums; each lender applies its own credit policy. Interest rates are the ones you enter. Market figures are medians of Dubai Land Department registered data and describe the past, not future prices or returns.
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Monthly payment over 15 years
| Loan | 3% (example) | 4% (example) | 5% (example) | 6% (example) |
|---|---|---|---|---|
| AED 1 million | AED 6,906 | AED 7,397 | AED 7,908 | AED 8,439 |
| AED 1.5 million | AED 10,359 | AED 11,095 | AED 11,862 | AED 12,658 |
| AED 2 million | AED 13,812 | AED 14,794 | AED 15,816 | AED 16,877 |
| AED 3 million | AED 20,717 | AED 22,191 | AED 23,724 | AED 25,316 |
15 years against the other terms (AED 1 million at 4%)
Term, age and retirement
- The maximum term is 25 years for every borrower (Art. 3.3).
- Each lender sets the maximum age at the last payment in its own lending policy (Art. 3.3).
- If the loan runs past the expected retirement age, the remaining balance must be serviceable at a 50% debt burden ratio on your post-retirement income (Art. 3.1).
- End-of-service benefits cannot be used to repay the loan (Art. 3.5).
The Central Bank rules in brief
They apply to every bank, finance company and Islamic lender in the UAE. They are maximums: a lender may be stricter.
- Expatriates: up to 80% of a first home below AED 5 million, 70% above, 60% for a second home or an investment (Art. 3.2).
- UAE nationals: up to 85% of a first home up to AED 5 million, 75% above, 65% for a second home or an investment (Art. 3.2).
- Off plan: up to 50% for every buyer, whatever the value or purpose (Art. 3.2 C).
- Debt burden ratio: 50% of gross salary and regular income, stress-tested 2 to 4 points above the loan rate (Art. 3.1).
- Maximum term 25 years; maximum loan 7 years of annual income for expatriates, 8 for nationals (Art. 3.3 and 3.4).
- The down payment must come from your own resources, not from a personal loan or a credit card (Art. 2.4).
Other terms
Frequently asked questions
Is a 15-year mortgage allowed in the UAE?
Yes. The Central Bank caps the term at 25 years; within that, the term depends on your age and the lender’s policy.
How much more interest does a longer term cost?
On AED 1 million at 4% (example), 15 years cost AED 331,438 of interest; 25 years cost AED 583,511.
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