Current mortgage rates in the UAE, September 2026

This page tracks current mortgage rates in the UAE on a monthly cycle. It was last refreshed for September 2026. Every figure below is indicative — banks confirm final pricing only in a written offer letter against a submitted file.

What moved this month

Headline fixed pricing has been broadly stable month over month, holding within a 5-10 basis point band across most of the panel. 3-month EIBOR, which underpins variable and reversion pricing, has continued to trade below its 2023 peak, and several banks have kept promotional 1-year fixed campaigns running into September rather than repricing upward. None of this guarantees the same rate will still be available next month — EIBOR resets and bank funding costs can move between our monthly checks, which is exactly why we date every figure and encourage you to get best mortgage rates in the UAE confirmed against your specific file before treating a number as final.

How to read a monthly rate snapshot

A snapshot like this is useful for direction and for comparing banks against each other, but it cannot substitute for a live quote. Three things change faster than a monthly update can capture: EIBOR resets (typically quarterly for reversion pricing), individual bank campaigns that can open and close inside a few weeks, and your own file strength, which a table cannot account for at all. Use this page to understand where the market sits broadly, then confirm your actual number with a written offer.

EIBOR trend behind the current pricing

Because the dirham is pegged to the US dollar, UAE interbank rates move largely in step with US Federal Reserve policy. EIBOR has eased gradually from its 2023 highs as rate expectations shifted, and most bank treasury desks now price new fixed campaigns anticipating a gradually easing environment rather than further tightening. This is a description of the trend, not a forecast of a specific level by a specific date — no bank commits publicly to where EIBOR will sit in six months, and neither should any article claiming to know current mortgage rates in the UAE with certainty.

Fixed vs variable given today's rate environment

With fixed and variable pricing sitting relatively close together this month, the decision comes down less to which is cheaper today and more to your own risk tolerance and time horizon. A borrower planning to hold the property for the long term generally still prefers the certainty of a 3-5 year fixed, even at a small premium. A borrower expecting to sell or refinance within two to three years, or who believes EIBOR still has room to fall, may prefer a variable or short 1-year fixed product to stay flexible.

Rate differences by residency and employment status

What this month's rates mean for a typical loan

On a AED 2,000,000 loan over 25 years, the difference between this month's sharpest current rate (around 3.89%) and the softest on the panel (around 4.09%) is roughly AED 240 a month, or about AED 72,000 across the full term. That gap alone justifies checking current pricing across more than one bank before signing, particularly if your existing offer is more than a month old and pricing has since shifted.

If your existing fixed period is expiring soon

Borrowers whose fixed rate is due to expire in the next three months should treat this snapshot as a prompt to act, not just read. Reversion rates rarely match current new-business pricing, and banks do not proactively call existing customers to offer a better deal. If your loan is about to revert to a wide EIBOR margin, comparing current rates from other panel banks — or requesting an internal switch from your existing lender — is worth doing before the reversion date, not after the first higher instalment lands. See our mortgage refinance UAE guide for the switching costs involved.

How often this page updates

We refresh this snapshot monthly, dated at the top of the article, and note any material EIBOR move or bank campaign change in between. If you are reading this more than six weeks after the stated update date, treat every rate here as directional only and request a fresh quote.