Home Loan for Residences and Investments in UAE
Unbox your dream house and save on processing fees
Warning
- If you do not keep up your repayments/payments, you may lose your property
- You may have to pay penalties if you pay off a loan/financing early
- Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future
Own your home with FAB’s range of mortgage options
- Enjoy competitive rates on a FAB Mortgage with fixed rate options starting from 3.99%
- First time buyers and those making handover payments to developers can save up to 25,000 on processing fees
- Transfer your mortgage to FAB and enjoy a 180-day grace period before your first instalment, along with waivers on processing and valuation fees, early settlement fee, and a refund for mortgage buyouts
All of this comes with low down payments, high mortgage amounts and mortgage advisers who will be with you every step of the way to advise on the best mortgage and help you secure your choice of FAB credit card.
Enjoy our exclusive benefits:
| Segment | Grace period | Processing fees1 | Mortgage buyout |
|---|---|---|---|
| UAE Nationals | 90 days for new mortgages, 180 days for buyouts | Processing fees waiver for salary transfer customers | Processing fee Waiver, Refund of Early Settlement Fees and valuation fees |
| Expatriates | 60 days for new mortgages, 120 days for buyouts | Processing fees waiver for salary transfer customers | Processing fee waiver, Refund of Early Settlement fees and valuation fees |
Up to 5 years of rate certainty with our fixed mortgage rates:2
| Fixed rate tenure | With a salary transfer + FAB Credit Card3 | Without a salary transfer4 |
|---|---|---|
| 1 year | 3.99% | 4.24% |
| 2 years | 3.99% | 4.24% |
| 3 years | 3.99% | 4.24% |
| 5 years | 4.19% | 4.44% |
Other great benefits include:
- Partial settlement up to 25% of loan outstanding annually without fees, during the variable rate period
- Up to 85% financing for first-time buyers
- Dedicated Mortgage advisors
1 Processing fees are waived for salaried (who transfer their salaries to a FAB account) first-time property buyers and those making handover payments to developers. Non-salaried customers receive a 50% discount.
1 Capped at 25,000. Offer valid till 31 December 2026.
2 Interest rate is applicable for fresh mortgage customers only, for existing FAB mortgage customers interest rate will vary based on your Mortgage Contract and Terms and conditions.
3 The subsequent mortgage rate you’ll move to when your current deal ends is equivalent to 3 months EIBOR + 1.5% for customers with a salary transfer to a FAB account, and it will not fall below a specified rate of 1.99% over an agreed period of time.
3 When you transfer your salary to a FAB account and choose a FAB credit card. For more information on the credit card please refer to the campaign terms and conditions.
4 The subsequent mortgage rate you’ll move to when your current deal ends is equivalent to 3 months EIBOR + 1.89% for non-salary transfer customers, and it will not fall below a specified rate of 1.99% over an agreed period of time.
Home Mortgage Calculator
Use FAB's Mortgage Calculator to determine your loan eligibility, monthly payments, and the effects of overpayments. Enter your income and expenses to calculate your EMI amount.
The property price is ()
I will put down a payment of ()
and would like a mortgage period (years) 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
Mortgage amount
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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
Find a mortgage that's right for you
Home Loans for Non-UAE Residents
Buying an investment property in the UAE as a non-resident is easy with FAB.
The Mortgage Application Process
Applying for a mortgage with FAB is easy. Start the journey to your new home with these simple steps:
Fill in a form online or contact one of our specialists directly to begin the process. You can use our mortgage calculator for an estimation of your monthly repayments. https://www.bankfab.com/en-ae/personal/mortgages/mortgage-calculator
A member of our team will contact you to discuss your eligibility and product offerings. They will advise on the next steps and how to move forward. Once you have an idea of your budget, you can start to look for your home. In addition, you can apply for an approval in principle (AIP) through our specialist to get an estimate of how much you will be eligible to borrow.
Once you find your property, you need to sign a MOU (Memorandum of Understanding) with your agent and to arrange a valuation of your home with a FAB Home Representative.
You will then fill in any required applications and provide the documentation needed for final approval, i.e., Mortgage Application Form Income Proof, Sale and Purchase Agreement and any other items that your mortgage specialist advises on. Once completed, the mortgage specialist will submit your application to the bank for the final decision.
Your mortgage loan undergoes the process of application approval. The FAB Home Representative will confirm all your documentation. Once your loan application is approved by the bank, you will need to sign an acceptance of the offer letter, together with the Mortgage Terms and Conditions. Take note that you may be requested to pay related bank charges (i.e., documentation processing fee, valuation fee, property all risk insurance) as well as to furnish evidence of the loan difference between the loan amount and the property purchase amount. You're one step closer to your new home!
The final steps are completed, and your dedicated mortgage specialist will assist you with how to proceed. You will need to visit the Land Department and register your home as well as to mortgage your property to the bank. Subsequently, the loan will be disbursed and a Manager Cheque (MC) or account transfer will be done to the seller, developer or third party.
The property is yours. Please remember to commence your monthly commitment to the bank.
Request a Callback
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 |