FAB Home Loans

Under current Central Bank of the UAE rules, expats can typically borrow up to 80% of the value of a first property priced AED 5 million or less (85% for UAE nationals), and around 60-65% for a second or subsequent property. Off-plan purchases are usually capped at about 50%. FAB itself advertises up to 85% financing for first-time buyers (a 15% minimum down payment).

Yes. FAB offers non-resident mortgages for property investment in the UAE, with loan amounts of up to AED 10 million and a maximum repayment tenure of up to 20 years, with competitive variable rates that can be linked to EIBOR or MBR.

Yes. FAB Islamic Home Finance is structured on the Ijarah (lease-to-own) and Forward Ijarah principles, where the bank buys the property you select and leases it to you with ownership transferring at the end of the term. It covers both completed and under-construction properties and is overseen by FAB's Islamic Shariah Supervisory Committee.

Yes. FAB offers fixed-rate mortgages with up to 5 years of rate certainty, after which the rate moves to a variable rate linked to 3-month EIBOR plus a margin. You can discuss which structure suits your plans with a FAB advisor.

The Central Bank of the UAE caps total monthly debt repayments at 50% of your income (the Debt Burden Ratio). Lenders, including FAB, assess your income against existing commitments to confirm a mortgage stays within this limit before approval.

Beyond the bank's own arrangement fee, the Dubai Land Department charges a mortgage registration fee of 0.25% of the loan amount plus AED 290, and a property valuation fee (typically around AED 2,500-3,500) applies. Lenders generally also require life and property insurance.

Yes. FAB offers products for existing homeowners, including refinancing and switching your mortgage to FAB, and allows partial settlement of up to 25% of the outstanding balance each year without fees.