FAB (First Abu Dhabi Bank) Mortgage
Merger of FGB and NBF creating UAE's second-largest bank with competitive mortgage products.
Key Terms & Rates
Interest Rate Range
4.4%–5.9%
Fixed & variable options
Maximum LTV
78%
Loan-to-value cap
Processing Fee
AED 2,200
One-time application fee
Pre-Approval Timeline
6d
For salaried professionals
Minimum Salary
AED 4,800
Typical requirement
Early Settlement
No penalty after 1.5 years
Prepayment terms
Islamic Options
Yes
Sharia-compliant products
Status
Active & Competitive
Updated April 2026
Strengths
- ✓Merger synergies resulting in competitive rates
- ✓Strong Islamic and conventional offerings
- ✓Good approval rates and fast processing
- ✓Flexible payment plans for salaried employees
Weaknesses
- ✗Integration still ongoing; service consistency varying
- ✗Less established reputation in mortgage sector
- ✗Fewer digital tools than Emirates NBD
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 6 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: 6 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 FAB (First Abu Dhabi Bank)and competing lenders. Get your pre-approval in hand before your property search.