Mortgage refinancing in Dubai 2026

Mortgage refinancing in Dubai lets you secure a lower rate or unlock the equity built up in an appreciating property. Here's a breakdown of the process, costs, and what UAE banks are actually offering in 2026.

Key Facts

• Рефинансирование доступно в 5+ банках UAE: ENBD, Mashreq, ADIB, DIB, HSBC
• Экономически выгодно при разнице ставок >0.5% и сроке >3 лет
• Стоимость процедуры: AED 15,000–35,000 (оценка + arrangement fee + DLD)
• Early settlement fee у текущего банка: 1–3% от остатка
• LTV максимум 75% для экспатов при рефинансировании

Step-by-step refinancing process

1. Compare your current rate against today's market offers

   Compare your current rate against the market: ENBD, Mashreq, Abu Dhabi Islamic Bank (ADIB), DIB, and HSBC all offer refinancing. If the difference is >0.5%, it's worth running the numbers.

2. Order an independent valuation

   The new bank requires a property valuation (AED 2,500–5,000). The existing lender's valuation may be accepted.

3. Apply to a New Bank

   You'll need to provide: passport, Emirates ID, salary certificate (or P&L for self-employed), 6 months of bank statements, title deed, and your current mortgage statement.

4. Obtain NOC from your current bank

   Your current bank will issue a No Objection Certificate (NOC). Some banks charge an early settlement fee of 1–3% of the outstanding balance — factor this into your calculations.

5. Register with DLD (mortgage transfer)

   DLD registers the change of mortgagee: ~AED 4,000–5,000 (0.25% of the loan amount + admin fees). The process typically takes 1–2 days.

6. Close the Existing Mortgage

   The new bank transfers the outstanding balance directly to the old bank. The entire process is handled bank-to-bank.

UAE banks — offer comparison

Data is current as of H1 2026. Confirm terms directly with your bank — rates are subject to change.

Frequently Asked Questions

When does it make sense to refinance your mortgage in Dubai?

Refinancing makes sense when: the rate difference is >0.5–1%, the remaining term is >3 years, and there's no early settlement penalty — or it's minimal (<1.5%). Calculate the break-even point: if you're saving AED 2,000/month and refinancing costs AED 25,000, you'll break even in 12 months.

Which banks offer refinancing to non-residents?

For non-residents (without a UAE visa): refinancing options are extremely limited. Most banks require a residence visa. HSBC and Mashreq occasionally work with non-resident clients through international mortgage programs — check directly with each bank for eligibility.

How much does refinancing cost in Dubai?

Typical costs: property valuation AED 3,000 + new bank arrangement fee 1% + early settlement fee to the existing bank 1–3% + DLD fees ~AED 5,000. Total: AED 15,000–35,000 depending on the mortgage amount. Run your ROI calculation before submitting an application.

What is cash-out refinancing?

Cash-out refi means taking a new mortgage for more than your current outstanding balance and pocketing the difference. Example: outstanding balance AED 800K, property value AED 1.5M, LTV 75% = new mortgage of AED 1.125M, with AED 325K going to you in cash. Typically used for investment purposes or renovations.

What are the LTV limits when refinancing?

LTV limits for refinancing in the UAE: up to 75% for expats and 80% for UAE nationals. Cash-out refi is capped at 65–70% LTV at most banks. For properties valued above AED 5M, LTV drops to 65%.