When should I refinance my UAE mortgage?

Refinancing makes financial sense in the UAE when: the new rate is at least 0.5% lower than your current rate; your property value has increased (improving your LTV); you want to switch from variable to fixed; or you want to release equity. The break-even period (time for savings to outweigh refinancing costs) is typically 12–18 months in the UAE.

What are the costs of refinancing a UAE mortgage?

UAE mortgage refinancing costs typically include: early settlement fee (1% of outstanding balance or 3 months' interest, whichever is lower, per CBUAE rules); new mortgage arrangement/processing fee (0.5–1% of loan amount); property valuation fee (AED 2,500–3,500); mortgage registration fee (0.25% of new loan + AED 290 to Dubai Land Department); and legal/conveyancing fees (approx. AED 5,000–8,000). Total refinancing costs are typically 2–3% of the outstanding balance.

Can I refinance my UAE mortgage to release equity?

Yes — UAE banks allow equity release (also called equity mortgage or top-up mortgage) when your property value has appreciated. You can typically borrow up to 75% of the current valuation (for expats) or 80% (for UAE nationals), less your outstanding balance. The released equity can be used for any purpose, though banks may ask for the intended use.

How long does refinancing a UAE mortgage take?

UAE mortgage refinancing typically takes 4–8 weeks from application to completion. The process involves: pre-approval from the new bank (1–2 weeks), property valuation (3–5 days), bank offer and documentation (1–2 weeks), coordination between the existing and new bank for the liability letter and settlement (2–3 weeks). Mortigo advisors manage the entire process on your behalf.

UAE Mortgage Refinancing Calculator

Thinking about refinancing your mortgage in the UAE? Mortigo's free refinancing calculator shows you exactly how much you could save by switching to a lower interest rate. Compare your current mortgage against new rates from leading UAE banks and lenders to see your potential monthly savings and break-even point.

When Should You Refinance Your UAE Mortgage?

Refinancing makes financial sense when the new interest rate is at least 0.5–1% lower than your current rate, when your property value has increased (improving your loan-to-value ratio), or when you want to switch from a variable rate to a fixed rate for greater repayment certainty.

Key Inputs

Current outstanding loan balance
Current interest rate and remaining loan term
New rate offered by the refinancing bank
Estimated early settlement fee (if applicable)
Arrangement and processing fees for the new mortgage

What You Get

Monthly repayment comparison (old vs. new mortgage)
Total interest saved over the remaining loan term
Break-even period — how long until savings outweigh the refinancing costs
Guidance on which UAE banks offer the best refinancing rates right now

Refinancing Calculator

Calculate potential savings from refinancing your mortgage

Current Loan Balance (AED)

Current Interest Rate (%)

Remaining Tenure (Years)

New Loan Terms

New Interest Rate (%)

New Loan Tenure (Years)

UAE Refinancing Costs

Early Settlement Fee (AED)

Typically 1% of outstanding balance (capped per bank)

Property Valuation Fee (AED)

Processing Fee (AED)

Registration Fee (AED)

Total Costs: AED 14,500

Refinancing Analysis

Enter valid loan details to see refinancing analysis