Your figures
Minimum for this profile: 20% (AED 300,000).
Example value: enter the rate offered by your lender.
25 years maximum (CBUAE).
Registration and transfer fees of the emirate, agent commission.
Monthly payment
AED 6,334
- Capital: AED 1,200,000 (63.15%)
- Interest: AED 700,213
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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Worked example: AED 1.5 million home
| Amount | |
|---|---|
| Down payment (20%) | AED 300,000 |
| Loan | AED 1,200,000 |
| Monthly payment at 4% over 25 years (example) | AED 6,334 |
| Total interest over the term | AED 700,213 |
| Gross monthly income for 50% DBR | AED 14,286 |
The 4% rate is an example, not a market rate: enter your lender’s rate in the calculator.
The Central Bank of the UAE rules
The mortgage regulation (C 31/2013, consolidated 2020) applies to every bank and finance company in the UAE. It sets maximums; lenders can be stricter.
- UAE nationals, first home: up to 85% of the value up to AED 5 million, 75% above.
- UAE nationals, second home or investment property: up to 65%.
- Expatriates, first home: up to 80% of the value below AED 5 million, 70% above.
- Expatriates, second home or investment property: up to 60%.
- Any buyer, property bought off plan: up to 50%.
- Debt burden ratio: all monthly debt repayments within 50% of gross salary and regular income.
- Stress test: lenders assess the loan at a rate 2 to 4 percentage points above the loan rate.
- Maximum financing: 7 years of annual income for expatriates, 8 years for UAE nationals.
- Maximum term: 25 years. The down payment must come from your own funds, not from a personal loan or a credit card.
The formula
Monthly payment = P × r ÷ (1 − (1 + r)^−n), with P the loan, r the annual rate ÷ 12 and n the number of months. Each payment first covers the interest on the remaining balance; the rest repays capital, so the share of capital grows every month.
Frequently asked questions
Can expatriates get a mortgage in Ras Al Khaimah?
Yes, for property in areas where foreigners may buy. The Central Bank limits are the same as elsewhere in the UAE: up to 80% for a first home below AED 5 million, 60% for an investment, 50% off plan.
What are the purchase costs in Ras Al Khaimah?
They are set by the Ras Al Khaimah land authority. Check the current schedule with it, then enter the total in the purchase costs field.
What income do I need?
Enough for all your monthly debt repayments to stay within 50% of your gross income, and for the loan to stay within 7 years of income (8 for UAE nationals). The calculator shows both.
Go further
Our partner brokerage Cevitas works with buyers in Ras Al Khaimah and the other emirates.