Emirates Islamic revises home finance pricing to 15 January 2027: 4.09% fixed for two or three years with salary transfer
Emirates Islamic has revised its home finance pricing and fees, valid until 15 January 2027. Fixed profit rates for two or three years on residential property start at 4.09% with a salary transfer and 4.28% without one or for self-employed customers.
Residential property: fixed, then variable
| Customer | 2- or 3-year fixed | After the fixed period |
|---|---|---|
| Salary transfer | 4.09% | 3M EIBOR + 1.79% |
| No salary transfer, or self-employed | 4.28% | 3M EIBOR + 1.89% |
The minimum rate after the fixed period is 3M EIBOR less 0.10%, or 2.75% with a salary transfer and 2.99% without, whichever is lower. The total finance term must include at least one year on the variable rate. Variable pricing from day one uses the same margins.
Pricing valid until 15 January 2027. Profit rates exclude life and property takaful. Emirates Islamic’s eligibility assessment and offer letter control.
Fees
- No pre-approval fee on ready properties.
- Processing fee 0.5% of the finance amount on ready properties, including broker cases and transfers with equity release.
- Developer handover: the fixed pricing above with no processing fee (1% on any cash release) and no valuation fee, except developer cases from the broker channel. It cannot be combined with the variable option.
Other property types
- Under construction: 5.49% during the Istisna period for restricted properties and 4.28% for freehold, then 3M EIBOR + 1.79% (salary transfer, finance up to 75% of value) or + 1.99% above that; + 2.24% or + 2.49% without a salary transfer or for self-employed customers.
- Commercial property and land: 5.00% fixed for up to two years, then 3M EIBOR + 3.15% to + 4.25% depending on salary transfer and the share of the value financed.
What this means if you are comparing banks
Against our September pricing, Emirates Islamic’s three-year salary-transfer rate moves from 3.99% to 4.09% and its rate without a salary transfer from 4.19% to 4.28%, with a two-year fix now offered at the same rates. Mortgease compares Emirates Islamic with the rest of our panel of 18+ UAE banks and works out the cost for your case before anything is submitted.
See the Emirates Islamic home finance guide, use the Emirates Islamic calculator, or review the latest UAE mortgage rates.