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.
What is an Islamic Home Financing Facility?
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.
What is a Down Payment?
Down Payment is the initial amount you need to contribute to avail a home finance facility from a financial institution.
How do we value the property?
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.
Do I need any Takaful insurance cover for the home finance facility?
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.
What is EIBOR, its trend and max high/low?
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.
Some of the best residential neighbourhoods in UAE
The UAE is one of the most dynamic and safe places to live in the world, offering residents a high quality of life.
Best schools in the UAE
If you have a family with young children, looking for the best schools in the city is most likely the top of your list.
Recommended movers
Moving into an apartment, townhouse or villa can be overwhelming. This is why we have listed access to some of the best packers and movers in the UAE to make your move seamless and hassle-free.
Top 3 real estate websites in the UAE
The research for your forever home is key and these real estate websites make it a lot quicker and easier to find what you are looking for.
Recommended pest control services
One of the first few things you should check off your list once you decide on a home is to get a pest control service to fumigate your home.
Recommended cleaning services
There’s nothing more satisfying than moving into a home that has been deep cleaned.
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.
AED
AED
* Please note that this is just an estimate calculator based on given amounts
* Please note that this is just an estimate calculator based on given amounts
Types of Home Finance
Islamic Home Finance
Introducing our best Home Finance profit rates yet
- Variable profit rates* starting from 3-month EIBOR + 0.55%* for the first year then 3-month EIBOR + 1.5%* per year from the second year onward
- Dedicated Home Finance Advisor to support you throughout your financing journey
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 AED 10 million
- Financing of up to 50% of the property’s value
- Competitive variable profit rates with an option to link to EIBOR
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.