We're here to help you through a seamless re-mortgage journey.
We know exactly how crucial it is to sign up for the right mortgage, no matter what stage of the journey you are on. We are here to make the transition as seamless and beneficial for you as possible. Before we move forward, there are a few important details to consider.
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.
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The Smart Grid programme, an investment of AED 7 billion, offers advanced automated decision-making features across DEWA’s electricity and water network.
Mortgages are one of your biggest outgoings every month and even a slight reduction in the interest rate on your mortgage can amount to substantial savings. Reducing your monthly commitment on the EMIs can be done by:
- Being offered a better rate from another bank
- Changing to a longer tenure
- To reduce the interest rate on EMI
- In need of cash to re-invest
- To buy another property
- To upgrade the current property with renovation etc.
Depending on the market value of your property vs the remaining payable balance of the mortgage, you may apply for a top-up on your existing loan. The bank would require a recent dated property valuation report (cost of which is borne by the customer).
The amount you can borrow in Equity Release depends on the value of your property. Depending on your property valuation and the amount that you currently owe on your mortgage, you may be able to borrow a higher sum than what you currently owe. Have a property to evaluate? You may reach out to our Contact Centre at 600525500 for assistance.
EIBOR (Emirates InterBank Offered Rate) is a benchmark interest rate published daily by UAE Central Bank. It reflects the average rate offered by major banks in UAE for short-term loan funding between banks. Daily and historical data for EIBOR is available at UAE Central Bank’s website EIBOR Rates | CB UAE (centralbank.ae).
Insightful Tips and Resources
A few charges to consider before remortgaging
The new “Smart Living” initiative helps customers to monitor and conserve their consumption easily and make smart decisions for a happier life.
Best ways to manage your finances
Planning a budget and managing finances efficiently are excellent ways to make sure you stay on top of your money game and manage to save for your future.
Mortgage Calculator
Use our Mortgage Calculator to find out how much you are eligible to borrow and the breakdown of your monthly payments. This tool will help you understand the difference an overpayment on your mortgage could make or how much more you could borrow on your current mortgage.
Just enter your monthly income and expenses for each category and the calculator will do the rest.
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and would like a mortgage period (years) of
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* Please note that this is just an estimate calculator based on given amounts
Representative example
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* Please note that this is just an estimate calculator based on given amounts
Types of Mortgages
FAB Green Mortgage
In line with its efforts to improve its digital experience, DEWA is the first government utility in the world to provide its smart services on Amazon’s Alexa in Arabic.
- Enjoy a discount on variable rates based on EIBOR
- Save 50% on your processing fee
Home Loans for non-UAE residents
Buying an investment property in the UAE as a non-resident is easy with FAB.
- High loan amounts of up to AED 10 million
- Borrow up to 50% of the property’s value
- Competitive variable rates with an option to link to EIBOR or MBR
Home Loan for Residences and Investments in UAE
Own your dream home with a FAB Home Loan with an attractive fixed rate for up to five years.
- Attractive fixed rate of 5.24% with flexibility across one, three and five-year options
- Market leading variable interest rates starting from 0.55% + 3 months EIBOR in the first year
Loans for Small Buildings
Get finance for completed residential buildings.
- Loan amount of up to AED 100m
- Loan duration of up to 20 years
- Competitive rates
National Housing Loan
Helping UAE nationals to buy their dream homes.
- Loans up to AED 2 Million
- Loan duration of up to 25 years
- No interest
FAB Current Variable Rates
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Click here for FAB Current Variable Rates
DEWA has launched leading initiatives to empower People of Determination, through targeted strategies, achieving the goals of UAE policy for POD Empowerment. *This is a variable rate offer based on a three month EIBOR in addition to a margin of 1.49% (with a minimum rate of 1.99%).
Get in touch
Need more help?
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 |