Emirates NBD Mortgage
UAE's largest bank by assets with comprehensive mortgage solutions for residents and non-residents.
Key Terms & Rates
Interest Rate Range
4.25%–5.85%
Fixed & variable options
Maximum LTV
80%
Loan-to-value cap
Processing Fee
AED 2,500
One-time application fee
Pre-Approval Timeline
5d
For salaried professionals
Minimum Salary
AED 5,000
Typical requirement
Early Settlement
No penalty; waived after 1 year
Prepayment terms
Islamic Options
Yes
Sharia-compliant products
Status
Active & Competitive
Updated April 2026
Strengths
- ✓Largest market share and fastest processing
- ✓Strong Islamic financing options (Noor Islamic Banking)
- ✓Competitive rates for salaried professionals
- ✓Flexible payment plans and high approval rates
- ✓Online pre-approval in minutes
Weaknesses
- ✗High processing fees
- ✗Stricter documentation for self-employed
- ✗Limited special programs for first-time buyers
Application & Approval Process
Pre-Approval Steps
- 1. Complete online/branch application with ID, salary certificate and bank statements
- 2. Bank verifies employment and credit history (2–3 business days)
- 3. Property valuation requested once property identified (1–2 days)
- 4. Final approval issued within 5 days total
Required Documentation
- • Valid passport & residency visa
- • Last 3 months' salary slips
- • Last 6 months' bank statements
- • Employment letter on company letterhead
- • Property-specific documents (once identified)
- • Proof of down payment source
Timeline to Disbursement
Pre-approval: 5 days. Full approval: +7–10 days post-contract. Disbursement: +2–5 days after final approval and title registration.
Ready to Apply?
Our team can help you prepare your application, compare final offers and negotiate rates with Emirates NBDand competing lenders. Get your pre-approval in hand before your property search.