Mashreq is one of the UAE's oldest private banks and an active home finance lender, offering mortgage products for residents and non-residents purchasing property across Dubai and the broader UAE. YOUAE Mortgages is an independent, whole-of-market broker that arranges Mashreq mortgages on your behalf — comparing them against every active lender in the market so you can be confident you are borrowing on the most suitable terms available to you.
Mashreq mortgage products & features
Mashreq provides a range of home loan options designed to serve salaried employees, self-employed borrowers, and international buyers seeking UAE property finance. The bank has historically been willing to consider applicants with slightly non-standard income profiles, making it a useful option for borrowers that more conservative lenders may decline.
Fixed-rate mortgages offer an initial period at a set rate — typically two or three years — before reverting to a variable rate benchmarked against EIBOR. The fixed phase provides payment stability and allows buyers to settle into homeownership before being exposed to market rate fluctuations.
Variable-rate mortgages are priced as EIBOR plus a bank margin from the outset. They suit buyers who want maximum flexibility, including the ability to make larger overpayments or settle the loan early at relatively low cost during the variable phase.
Typical features available through Mashreq home finance include:
- LTV ratios of up to 80% for qualifying UAE residents on properties below AED 5 million (as permitted by UAE Central Bank regulations)
- Loan tenors of up to 25 years, subject to age at maturity
- Finance available for both completed properties and off-plan developments from approved project lists
- Partial and full early repayment options (early settlement charges may apply — confirm current terms with your YOUAE adviser)
- Digital-first application processing through Mashreq's online banking platform
- Salary-transfer relationships that may support competitive pricing
Compare Mashreq against other UAE lenders on our banks comparison page.
Mashreq mortgage rates
Mashreq home loan rates currently start from 4.25%. This is an indicative entry-level rate for well-qualified resident borrowers and is not a guaranteed offer — the rate applied to your specific application will depend on your LTV ratio, income type and level, credit standing, and the product structure you select.
All variable rates move with EIBOR, which responds to decisions by the US Federal Reserve and UAE Central Bank monetary policy. When EIBOR rises, monthly repayments on a variable rate increase; when it falls, they decrease. An initial fixed period provides a buffer against that volatility for its duration, though your rate will eventually revert to EIBOR-linked pricing.
YOUAE will compare Mashreq's rate and fee structure against all other active UAE lenders to ensure you are borrowing at the best available cost for your profile.
Eligibility
Mashreq home loans are available to UAE residents and to non-residents through specific product channels. Standard eligibility benchmarks across UAE lenders include:
- Salaried applicants: a minimum monthly income of around AED 15,000, with typically three to six months of employment history with the current employer
- Self-employed applicants: two years of certified or audited financial accounts demonstrating consistent business income; bank statement analysis often supplements formal accounts
- Non-residents: maximum LTV is typically capped at 60%; documentation requirements are more extensive — see our non-resident mortgage guide for a step-by-step overview
- Age: the loan must be repaid before approximately age 65 (salaried) or 70 (self-employed) at most UAE banks
- Credit history: a clean Al Etihad Credit Bureau (AECB) report strengthens any application; if you have prior UAE credit issues, speak to a YOUAE adviser before applying so we can assess the most appropriate lender
Typical documents required include passport, UAE residency visa, Emirates ID, salary certificate or employment contract, three to six months' bank statements, and the property's sale and purchase agreement or title deed.
Fees & costs
Beyond your deposit and the mortgage itself, buying property in the UAE involves transaction costs of approximately 7% of the purchase price, which must be paid in cash and are not financeable:
- Dubai Land Department (DLD) transfer fee: 4% of the purchase price
- Real estate agency commission: approximately 2%
- Property valuation fee: AED 2,500–3,500 (charged by the lender's appointed valuer)
- Mortgage registration fee: 0.25% of the loan amount (DLD)
- Bank arrangement / processing fee: varies by lender and product
These costs are in addition to your deposit and must be available in cleared funds at or before completion. YOUAE provides a comprehensive cost-of-purchase breakdown as part of every free advice session, so there are no surprises on the day.
Why compare Mashreq through a broker
Mashreq offers a genuine alternative to the larger government-owned banks, with a reputation for flexibility on certain borrower profiles and a digital banking infrastructure that can speed up the application process. That said, whether Mashreq represents the best overall deal for your situation depends on how its rate, fees, and underwriting criteria stack up against every other lender on the same day you apply.
As a whole-of-market broker, YOUAE runs that comparison for you — including Mashreq alongside Emirates NBD, FAB, ADCB, HSBC, DIB, and all other active UAE mortgage providers. We are particularly experienced in placing applications where a single lender's criteria create an obstacle, and we manage the full process from initial assessment to mortgage offer at no cost to you.
How to apply with YOUAE
- Book a free consultation — a YOUAE adviser reviews your property goals, income, and financial position
- Whole-of-market comparison — we compare Mashreq against every active UAE lender and present a clear recommendation with full cost modelling
- Application submission — we prepare and submit your documents to the chosen lender on your behalf
- Valuation and mortgage offer — we manage the valuation, respond to any lender queries, and track your file through to formal offer
- Completion — we coordinate with the DLD and your legal team to ensure a smooth exchange and completion
Start the process on our get started page or read more about Dubai mortgages to understand the wider market.
FAQs
Is Mashreq a good choice for first-time buyers in Dubai?
Mashreq can be a competitive option for first-time buyers, particularly those who value a digital application experience or who have income structures that some lenders find less straightforward. YOUAE will assess whether Mashreq or another lender best fits your first-home profile before recommending a route forward.
Does Mashreq offer mortgages for non-residents?
Yes, Mashreq has home finance offerings for non-UAE residents, though the maximum LTV and documentation requirements differ from resident products. YOUAE regularly arranges non-resident applications and can advise on current product availability and the most competitive lenders for overseas buyers — see our non-resident mortgage guide.
Can I refinance my existing mortgage with Mashreq?
Yes — borrowers with mortgages at other lenders can apply to refinance with Mashreq, and existing Mashreq customers may be able to negotiate a rate improvement or switch product internally. YOUAE models the full cost of refinancing, including any early settlement charges and new registration fees, so you only switch if the numbers genuinely stack up.
Ready to find out if Mashreq is right for you? Book your free mortgage pre-approval with YOUAE — a whole-of-market comparison with no obligation and no cost to you.