The excitement of buying your first home is a feeling you will remember for the rest of your life. We want that experience to be joyful and seamless from the get-go. This is why we have carefully curated a selection of financing options to set you on the right path, and we will guide you through your journey every step of the way.
What are you looking for?
We are here to help you navigate this financial journey with ease by offering you all the information, tools and insightful tips to make an informed decision.
It’s a financing facility that is based on the Islamic Shairah-compliant principle of ijara wherein the bank buys a property selected by you, such as a house, villa, apartment, townhouse, or small building, and leases it to you with the end goal of transferring property ownership to you at the end of the lease term or (if earlier) on an early settlement date. The property will be held by the bank as security until you complete all required payments of the facility.
Down Payment is the initial amount you need to contribute to avail a home finance facility from a financial institution.
Should you wish to get a Home Financing facility from FAB Islamic, the property valuation, also called a site visit, will be conducted by one of the evaluators on our approved panel. Evaluators will visit the property to estimate its value. If you have already selected the property, and wish to estimate its worth, all you need to do is confirm who will could be contacted for the property’s valuation. To request a property valuation, you may call our Contact Centre on 600525500.
If you need the property valuation to be conducted without a Home Financing facility from FAB Islamic, then you will have to contact a property valuator.
Yes. You would need both Life Takaful and Property Takaful covers for your home finance facility. FAB Islamic has a group takaful cover available through our partners for both and both can be easily availed. You will not be required to do any medical test for home finance amounts up to AED 6 million.
EIBOR (Emirates InterBank Offered Rate) is a benchmark rate published daily by UAE Central Bank. Daily and historical data for EIBOR is available at UAE Central Bank’s website EIBOR Rates | CB UAE (centralbank.ae).
Insightful Tips and Resources
Things to keep in mind when looking to buy a home
Buying a forever home is one of the biggest and most significant financial decisions, so it’s crucial you consider a few key factors before taking the step.
Property investment podcast to listen to
Check out the podcast Makram Hani – Making the difference through real estate investment and coaching.
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Home Finance Calculator
Use our Home Finance Calculator to find out how much you are eligible to get financed and the breakdown of your monthly payments. This tool will help you understand the difference an overpayment on your finance could make or how much more you could finance on your current options.
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I will put down a payment of ()
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* Please note that this is just an estimate based on the given amounts and the downpayment is dependent on the transaction type along with the relevant conditions that apply
Representative example
Finance amount
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Monthly repayment
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* Please note that this is just an estimate based on the given amounts and the downpayment is dependent on the transaction type along with the relevant conditions that apply
Types of Home Finance
FAB Islamic Green Home Finance
Switch to sustainable with our green home finance
- Enjoy a discount of 0.25% on a five-year fixed profit rate and save 50% on your processing fee.
Islamic Home Finance
Introducing our best Home Finance profit rates
- Own your own home with FAB Islamic’s range of home finance options and low fixed profit rates
- Low down payments, high finance amounts, flexible profit rate options and helpful home finance advisers
- Exclusive deals on properties with major developers
- 60-day grace period for expats and 90-day grace period for UAE Nationals before your first instalments for new home finance
Islamic Home Finance for Foreign Investors
Buying an investment property in the UAE as a non-resident is easy with FAB Islamic
- High financing amounts of up to 10 million
- Financing of up to 50% of the property’s value
- Competitive variable profit rates with an option to link to EIBOR
Need more help? Get in touch.
Contact us anytime for further assistance or check out our FAQ page for more information.
| For customers within the UAE | For customers outside of the UAE | ||
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600 52 5500 | |
+971 2 681 1511 |