What is EIBOR and why does it matter for my mortgage?
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Answer: EIBOR is the Emirates Interbank Offered Rate — the benchmark UAE banks lend to each other at. Variable and post-fixed mortgage rates are priced as a margin over EIBOR (e.g. 1.99% + 3-month EIBOR).
When EIBOR moves, your reversion rate moves with it. Today’s levels and history: EIBOR rates.
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