UAE Mortgage Calculator

Prosper’s reliable home loan EMI calculator is designed to give you accurate estimates, simplifying the process of budgeting for your dream home.

Property Price

AED

Down Payment20%

AED

Duration Of Year25 Years

Years

Finance Rate

3 Years Fixed

5 Years Fixed

Variable Rate

Your EMI Will Be

0 AED/Month

Finance rate from View Upfront Costs

Estimated monthly payment based on a 960,000 AED finance amount with a undefined% fixed finance rate for the entire duration of the loan

Disclaimer : Rate may vary based on bank policy

How Our Home Loan UAE Calculator Works

Down payment

Enter the property price and select the down payment percentage. Prosper’s home loan calculator for Dubai and the other emirates calculates the loan amount based on your input, with a minimum 20% down payment required in most cases.

Mortgage Term

Choose a repayment period between 1-25 years using our mortgage eligibility calculator UAE. While shorter terms lead to higher EMIs but lower overall interest, longer terms ease monthly payments but increase total interest costs.

Interest Rate

Our mortgage loan calculator UAE provides accurate monthly payments by factoring in current rates, including 3-year and 5-year fixed options and real-time EIBOR rates. This ensures your calculations reflect up-to-date market conditions.

Acquisition Fees For Mortgages in UAE

Prosper’s home loan calculator includes all essential fees to ensure you’re fully informed. Alongside your down payment and property cost, the following acquisition fees are calculated

Land Department Fee: 4% of the property value + AED 580 admin fee
Registration Trustee Fee:
- 1. AED 4,000 for properties over AED 500,000
- 2. AED 2,000 for properties under AED 500,000
Mortgage Registration Fee: 0.25% of the loan amount + AED 10 admin fee
Brokerage Commission: 2% of the property value + 5% VAT
Knowledge Fee: AED 290

Fees Not Included in the Calculator:

Bank Processing Fee: 0.25%–1% of the loan amount + 5% VAT
Valuation Fee: AED 2,500–4,000 + 5% VAT

Expert Tips to Reduce Your EMI Payments

Extend Your Loan Term

If eligible, consider extending your mortgage term to 25 years. This reduces your monthly payments, giving you more room to manage your finances.

Increase Your Down Payment

A larger upfront payment decreases the total loan amount. This directly reduces your EMI, making monthly payments more manageable

Refinance Your Mortgage

Monitor interest rates regularly to spot opportunities for refinancing. A lower rate can lead to substantial savings on your monthly payments

Make Extra Payments

Additional payments toward your principal reduce the loan balance faster. This not only saves on interest but also shortens the loan term.

Opt for a Fixed Rate

A fixed-rate mortgage locks in a consistent interest rate for the term. This protects you from fluctuations and ensures predictable monthly payments.

Let Prosper simplify the journey to your dream home!

Share your details, and let our experts find the best mortgage
options tailored to your needs.

FAQs

What is the minimum salary for a mortgage in the UAE?
A minimum monthly salary of AED 12,000 is generally required to qualify for a mortgage in the UAE. This ensures borrowers have sufficient financial stability to meet repayment obligations.
What is the 80% mortgage in Dubai?
An 80% mortgage in Dubai refers to the maximum loan-to-value (LTV) ratio that expats can borrow, meaning you can finance up to 80% of the property's value with a mortgage. For Emiratis, the maximum LTV is slightly higher at 85%.
Can you get a 25-year mortgage in Dubai?
Yes, you can get a 25-year mortgage in Dubai. Usually, the mortgage term should end before the borrower turns 65 years old for salaried individuals or 70 years old for self-employed individuals.
What is the minimum deposit for a mortgage in UAE?
Homebuyers in the UAE must provide a minimum deposit of 20% of the property's value when applying for a mortgage. This significant deposit ensures that buyers have a strong financial commitment to the property, helping to reduce risks for lenders.