Compare DIB home finance
Dubai Islamic Bank is one of the names people type when they want Islamic home finance in Dubai. The contract is a profit structure, typically discussed as Ijarah or Murabaha, not a conventional interest rate. DIB's own pages are the place for DIB's product names. This page is the comparison.
A&A Mortgage Services is the name we use for Mortgage Broker LLC.
A&A Mortgage Services is an independent mortgage broker, provided by Mortgage Broker LLC. We are not Dubai Islamic Bank and we are not affiliated with Dubai Islamic Bank. We are not a bank. If a loan is approved, the lender provides it. Nothing on this page is that bank's rate, and nothing here is an offer.
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How a DIB comparison works
We take the same facts to more than one lender: the price or budget, the deposit, whether you live in the UAE, how you are paid, and whether the home is ready or off-plan.
What comes back is a set of offers, or a set of refusals. A headline rate is only one line of that. Salary transfer, the arrangement fee, the fixed period and the early settlement cost all change what you pay.
The advice from A&A Mortgage Services is free of charge to you. We work with every major UAE lender, on your behalf. The bank still decides.
What actually changes the cost
On an Islamic contract, compare the profit in dirhams, the term, the fees and what happens if you settle early. Do not convert a profit rate into an interest rate in your head and stop there.
The Central Bank of the UAE caps the loan-to-value. For a first home you live in, the ceiling is 85% for a UAE national and 80% for an expatriate when the property is AED 5 million or under, and 75% or 70% when it is above that. A second home or an investment property is capped at 65% for a UAE national and 60% for an expatriate. Off-plan purchases are capped at 50% for every buyer. These are ceilings. A bank can ask for a larger deposit.
Questions
No. A&A Mortgage Services is an independent mortgage broker, provided by Mortgage Broker LLC. We are not Dubai Islamic Bank and we are not affiliated with Dubai Islamic Bank. We are not a bank. If a loan is approved, the lender provides it. Nothing on this page is that bank's rate, and nothing here is an offer.
We do not state DIB's rate. Rates move, and a number on this page would be presented as fact when it is not an offer from Dubai Islamic Bank. Ask an adviser for the figure DIB will put in writing.
Yes. DIB is one of the major UAE lenders we work with. We put the same facts to DIB and to the other lenders on the panel, then explain the differences in dirhams.
The Central Bank of the UAE caps the loan-to-value. For a first home you live in, the ceiling is 85% for a UAE national and 80% for an expatriate when the property is AED 5 million or under, and 75% or 70% when it is above that. A second home or an investment property is capped at 65% for a UAE national and 60% for an expatriate. Off-plan purchases are capped at 50% for every buyer. These are ceilings. A bank can ask for a larger deposit.