FAB (First Abu Dhabi Bank) Mortgage
Under AED 1 Million Properties
Entry-Level Acquisition financing tailored for studios and one-bedroom apartments. FAB (First Abu Dhabi Bank) offers both conventional and Sharia-compliant structures for this investment tier.
Entry-Level Acquisition— Financing Overview
The Under AED 1 Million segment encompasses studios and one-bedroom apartmentsacross Dubai’s most sought-after addresses. FAB (First Abu Dhabi Bank) structures financing for this tier with 78% maximum loan-to-value, indicative rates from 4.4% and tenure options of up to 25 years. Merger of FGB and NBF creating UAE's second-largest bank with competitive mortgage products.
FAB (First Abu Dhabi Bank) Strengths
Indicative Financing Summary
Based on a representative Under AED 1 Million property at 78% LTV
Tenure Comparison — Monthly Repayment
All figures are indicative only, based on a 4.4%–5.9% rate range. Actual repayments depend on final rate offered, credit profile and property valuation. This is not a financial quote.
Alternative Lenders — Under AED 1M
How FAB (First Abu Dhabi Bank) compares with other prominent UAE lenders for studios and one-bedroom apartments
| Lender | Indicative Rate | Max LTV | Key Strength |
|---|---|---|---|
| FAB (First Abu Dhabi Bank) | 4.4%–5.9% | 78% | Merger synergies resulting in competitive rates |
| Emirates NBD | 4.25%–5.85% | 80% | Largest market share and fastest processing |
| Mashreq Bank | 4.45%–6% | 75% | Lowest processing fees in market |
| ADCB (Abu Dhabi Commercial Bank) | 4.35%–5.95% | 80% | Competitive fixed rates for 3–5 year terms |
| DIB (Dubai Islamic Bank) | 4.35%–5.75% | 80% | Best-in-class Islamic mortgage products (Ijara, Murabaha) |
All rates and LTV figures are indicative. Actual terms vary by borrower profile. This comparison is for informational purposes only.
Eligibility & Documentation
Key Requirements
- •Valid passport with minimum 6 months validity
- •UAE residence visa and Emirates ID (for residents)
- •Minimum age 21 at application; maximum age 65 at loan maturity
- •Minimum monthly salary of AED 15,000 or equivalent self-employed income
- •Clean credit history verified through Al Etihad Credit Bureau
- •Debt-to-income ratio not exceeding 50%
- •Property must be situated in a freehold-designated zone
Required Documentation
- •Valid passport and UAE residence visa
- •Last 3 months’ salary slips or audited accounts
- •Last 6 months’ bank statements
- •Employment letter on company letterhead
- •Signed Sales and Purchase Agreement
- •Proof of equity contribution (bank statement)
Frequently Asked Questions
What indicative mortgage rates does FAB (First Abu Dhabi Bank) offer for Under AED 1 Million properties?
FAB (First Abu Dhabi Bank) offers indicative rates from 4.4% to 5.9% per annum for studios and one-bedroom apartments in this investment bracket. Rates reflect current EIBOR conditions and may vary based on individual credit profile, income verification and property valuation. Private banking clients financing prestige assets may negotiate preferential terms.
What is the maximum loan-to-value ratio for Under AED 1 Million financing with FAB (First Abu Dhabi Bank)?
For properties in the Sub-AED 1M range, FAB (First Abu Dhabi Bank) typically extends up to 78% loan-to-value, requiring a minimum equity contribution of 22%. Actual LTV depends on property type, location and borrower profile.
Does FAB (First Abu Dhabi Bank) offer Islamic financing for entry-level acquisition properties?
Yes. FAB (First Abu Dhabi Bank) provides Sharia-compliant home financing structured as Ijarah (lease-to-own) or Diminishing Musharakah. Profit rates and terms for studios and one-bedroom apartments are competitive with conventional mortgage products and fully compliant with AAOIFI standards.
What is the typical monthly repayment for a Sub-AED 1M property with FAB (First Abu Dhabi Bank)?
Monthly repayments depend on property value, LTV ratio and selected tenure. For a representative Under AED 1 Million property at 78% LTV over 25 years, indicative monthly payments range significantly based on the exact acquisition price. Use our mortgage calculator for a personalised estimate, or contact MRK's advisory team for a detailed analysis.
How long does FAB (First Abu Dhabi Bank) pre-approval take for Under AED 1 Million properties?
FAB (First Abu Dhabi Bank) typically issues pre-approval within 6 business days for salaried professionals with complete documentation. Final approval and disbursement follow property valuation and legal review, usually within 2–4 weeks.
What is the processing fee for a FAB (First Abu Dhabi Bank) mortgage?
FAB (First Abu Dhabi Bank) charges a processing fee of AED 2,200 for mortgage origination. Additional costs include property valuation (0.25–0.5% of property value), mortgage registration (0.25%), life insurance and property insurance. For entry-level acquisition properties, request a comprehensive fee schedule from FAB (First Abu Dhabi Bank) or through MRK's advisory desk.
Can I refinance an existing mortgage with FAB (First Abu Dhabi Bank) for a Sub-AED 1M property?
Yes. FAB (First Abu Dhabi Bank) offers refinancing solutions for existing mortgages, potentially securing more favourable rates or restructured terms. Refinancing is particularly advantageous when rates have moved favourably since the original mortgage was originated. Early settlement penalties from the existing lender and FAB (First Abu Dhabi Bank)'s processing fees should be factored into the refinancing decision.
What is the minimum salary requirement?
FAB (First Abu Dhabi Bank) typically requires a minimum monthly salary of AED 4,800 for mortgage eligibility. Self-employed applicants may qualify with audited financial statements demonstrating equivalent income stability.
Other FAB (First Abu Dhabi Bank) Investment Tiers
Important Disclaimer
All mortgage rates, LTV ratios, monthly repayments and loan amounts presented on this page are indicative estimates for informational purposes only. They do not constitute a financial offer, guarantee, or commitment from any lender. Actual terms are subject to individual creditworthiness assessment, property valuation, lender policies and prevailing market conditions. MRK Real Estate is not a licensed financial institution and does not provide mortgage advisory services. Always consult a qualified mortgage advisor and your chosen lender before making financing decisions.
Ready to Explore FAB (First Abu Dhabi Bank) Financing?
MRK’s mortgage advisory team will compare lenders, negotiate terms and manage your full application for studios and one-bedroom apartments— from pre-approval through completion.