How Our UAE Mortgage Calculator Works
Down payment
Enter the amount or percentage you plan to pay upfront. A higher down payment reduces your loan amount and monthly EMI. Input how much you plan to pay upfront — usually 20% to 25% of the property value. For example, a AED 200,000 down payment on a AED 1 million home.
Mortgage Term
Select the number of years you wish to repay the loan. Longer terms lower your monthly payments but may increase total interest paid. Choose a repayment period, typically between 10 to 25 years in the UAE. A 25-year term means lower EMIs but higher total interest.
Interest Rate
Input the interest rate offered by the lender. This determines how much interest you’ll pay over the mortgage period. Most UAE banks offer rates between 2.99% and 5.5%. Even a 1% difference can significantly impact your monthly cost.
UAE Mortgage Acquisition Fees
Our UAE mortgage calculator provides transparency by including essential acquisition fees in your mortgage estimate. Besides the down payment and total property costs, the following fees are covered:
Land Department Fee: 4% of the property value + AED 580
Admin Fee: Standard administrative charges
Registration Trustee Fee:
- AED 4,000 for property over AED 500,000
- AED 2,000 for property under AED 500,000
Mortgage Registration Fee: 0.25% of the loan amount + AED 10
Commission: Typically 2% of the property value + 5% VAT
Knowledge Fee: AED 290
Fees Not Included in Final Calculation:
Bank Processing Fee: Between 0.25% to 1% of the loan amount + 5% VAT
Valuation Fee: Between AED 2,500 to AED 4,000 + 5% VAT
Insider Tips to Reduce Your EMI Payments
Increase Your Down Payment
A larger down payment reduces the loan amount you need to borrow, which directly lowers your monthly EMI.
Compare Mortgage Offers
Explore offers from multiple banks or mortgage brokers to find the lowest interest rate and best loan terms.
Choose a Longer Loan Tenure
Extending your loan to 20–25 years spreads your repayment over a longer period, bringing down your monthly installment.
Make Regular Part-Payments
Whenever you have surplus funds, consider making a part-prepayment. This reduces your principal and the interest burden.
Refinance Your Mortgage
If interest rates drop or better offers become available, refinancing can help reduce your EMI or loan tenure.
Avoid Unnecessary Add-Ons
Skip bundled services like insurance or processing add-ons if they increase your loan cost unnecessarily.
Maintain a Strong Credit Score
A higher credit score improves your chances of securing better interest rates, directly impacting your EMI.
Have questions about the loan pre-approval process?
Need guidance in finding the best mortgage options in the UAE?
FAQs
The calculator estimates your monthly EMI by factoring in your loan amount, interest rate, loan tenure, and down payment. It helps you understand how much you can afford to borrow.
You’ll need the property value, expected down payment (usually 20–25%), interest rate (typically 2.99% to 5.5%), and preferred loan term (10–25 years).
Yes, the calculator works for both. It assumes up to 80% LTV for expats and 85% for Emiratis when estimating loan eligibility.
Yes, while it’s an estimate, the calculator provides a close approximation of what loan amount you may qualify for based on income and down payment.
Most banks require a minimum monthly salary of AED 12,000 to qualify for a home loan, although this may vary by lender.
The results are close estimates and may differ slightly based on bank-specific processing fees, insurance, and exact interest rates.
It helps you plan finances better, estimate EMIs instantly, compare loan scenarios, and avoid surprises during the home buying process.
Yes, you can input any interest rate type into the calculator. For accurate comparisons, use the average expected rate over the loan term.