UAE RATES as of 18 Jul 2026
UAE Base Rate 3.65% — 1M EIBOR 3.76% — 3M EIBOR 3.83% — 6M EIBOR 3.81% — 12M EIBOR 4.13% — Emirates NBD from 3.99% First Abu Dhabi Bank from 3.89% ADCB from 4.15% Mashreq from 4.25% HSBC from 3.94% Dubai Islamic Bank from 4.10% Abu Dhabi Islamic Bank from 4.20% RAKBANK from 4.15% Standard Chartered from 3.98% Emirates Islamic from 4.05% Sharjah Islamic Bank from 4.18% Ajman Bank from 4.23% Invest Bank from 4.28% United Arab Bank from 4.25% Arab Bank from 4.21% Commercial Bank of Dubai from 4.03% National Bank of Fujairah from 4.18%
UAE Base Rate 3.65% — 1M EIBOR 3.76% — 3M EIBOR 3.83% — 6M EIBOR 3.81% — 12M EIBOR 4.13% — Emirates NBD from 3.99% First Abu Dhabi Bank from 3.89% ADCB from 4.15% Mashreq from 4.25% HSBC from 3.94% Dubai Islamic Bank from 4.10% Abu Dhabi Islamic Bank from 4.20% RAKBANK from 4.15% Standard Chartered from 3.98% Emirates Islamic from 4.05% Sharjah Islamic Bank from 4.18% Ajman Bank from 4.23% Invest Bank from 4.28% United Arab Bank from 4.25% Arab Bank from 4.21% Commercial Bank of Dubai from 4.03% National Bank of Fujairah from 4.18%
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RAKBANK Mortgage in the UAE — Rates, Eligibility & How to Apply

RAKBANK — the National Bank of Ras Al Khaimah — has built a reputation as one of the UAE's most accessible and competitive retail mortgage lenders, with a pragmatic approach to eligibility that suits a wide range of salaried employees, self-employed professionals, and investors. As a whole-of-market broker, YOUAE Mortgages arranges RAKBANK home loans alongside every other UAE lender, ensuring you secure the right rate for your profile.

RAKBANK mortgage products & features

RAKBANK's home loan range is designed to be straightforward and competitive, covering the full spectrum of UAE residential purchase scenarios:

  • Fixed-rate mortgages — initial fixed periods (commonly one, two, or three years) lock your monthly repayment, giving budgeting certainty before the loan transitions to a variable rate.
  • Variable / EIBOR-linked mortgages — the rate floats with the Emirates Interbank Offered Rate plus a fixed margin; suitable for buyers who anticipate rates falling or who may redeem the loan early.
  • Salary-transfer products — RAKBANK has historically offered competitive rate packages to customers who transfer their salary to a RAKBANK account, making it a strong option for those happy to switch their banking relationship.
  • Non-salary-transfer options — for applicants who prefer to retain their existing bank account, RAKBANK also has products that do not require a salary mandate.
  • Buy-to-let / investment mortgages — investors purchasing property for rental income can access dedicated investment finance from RAKBANK, subject to rental coverage assessments.
  • Remortgage / refinance — existing UAE homeowners can switch their mortgage to RAKBANK, potentially lowering their interest rate or releasing equity from the property.
  • Self-employed lending — RAKBANK is considered one of the more accommodating UAE lenders for self-employed applicants, provided income documentation is thorough and consistent.

RAKBANK's digital application process and responsive operations team are regularly cited as positives by broker partners and applicants alike.

RAKBANK mortgage rates

RAKBANK home loan rates start from 4.15% (indicative, subject to change). Like most UAE lenders, variable-rate products are priced as EIBOR plus a lender margin, so your monthly repayment will move as EIBOR fluctuates. Fixed-rate products hold the initial rate for the agreed term before reverting to a variable rate.

The specific rate offered to you will reflect your loan-to-value ratio, income level, employment type, property category, chosen product, and current EIBOR at the time of application. These are indicative starting rates only. YOUAE will obtain a personalised rate illustration from RAKBANK and compare it against competing lenders before making any recommendation.

Eligibility

RAKBANK mortgages are available to UAE residents and, subject to enhanced conditions, non-resident buyers. The following general UAE-market benchmarks apply:

  • Minimum monthly salary: approximately AED 15,000 for salaried employees (some RAKBANK products may require a higher minimum; your YOUAE adviser will confirm).
  • Employment: salaried employees in confirmed, permanent positions are straightforwardly assessed. RAKBANK is regarded as relatively flexible for self-employed applicants who can demonstrate two or more years of consistent, verifiable income through audited accounts and bank statements.
  • LTV limits: UAE residents can borrow up to 80% of the property value on a first home (subject to UAE Central Bank regulations); non-residents are generally limited to 50% LTV.
  • Age: the mortgage term must typically conclude before the borrower reaches 65 (salaried) or 70 (self-employed).
  • Documents: valid passport, UAE residency visa, Emirates ID (for residents), salary certificate or audited business financials, three to six months of bank statements, and full property details or a developer SPA for off-plan transactions.

YOUAE's advisers will assess your profile carefully before approaching RAKBANK or any other lender, ensuring your application is presented in the strongest possible light.

Fees & costs

All UAE property buyers should budget for upfront costs of approximately 7% of the purchase price, payable in cash at or before completion:

  • DLD transfer fee: 4% of the property value.
  • Estate agency commission: typically 2%.
  • Mortgage registration fee: 0.25% of the loan amount (payable to DLD).
  • Property valuation fee: approximately AED 2,500–3,500.
  • Bank arrangement / processing fee: varies by lender and product; sometimes waivable or reduced for salary-transfer customers.

These costs are above and beyond your deposit and must be available in cleared funds before the transfer completes. YOUAE will provide a full cost breakdown for your specific transaction from day one.

Why compare RAKBANK through a broker

RAKBANK's competitive pricing and flexible self-employed stance make it a genuine contender for many buyers — but it remains one bank among more than twenty UAE mortgage providers. YOUAE Mortgages compares RAKBANK against the full lender panel in real time, so you know whether it is truly your best option or whether Emirates NBD, Mashreq, FAB, or another lender offers sharper terms on the day you apply.

We are particularly useful when:

  • Your application is self-employed, newly employed in the UAE, or involves a non-standard income structure.
  • You want to compare Islamic and conventional options side by side.
  • You are buying as a non-resident and need a lender who actively courts overseas buyers.
  • You want the paperwork managed from Agreement in Principle through to completion without endless branch visits.

There is no broker fee charged to you; YOUAE is paid a procuration fee by the lender on successful completion.

How to apply with YOUAE

  1. Free consultation — a YOUAE mortgage adviser reviews your financial profile, property goals, and preferred structure (fixed vs. variable, conventional vs. Islamic).
  2. Market comparison — we approach RAKBANK and all other suitable lenders simultaneously to identify the best available rate and terms for your profile.
  3. Agreement in Principle — we aim to secure your AIP within 3–5 working days of receiving your documents.
  4. Full application & valuation — on acceptance of your property offer, we submit the complete application, coordinate the bank's panel valuation, and track underwriting progress.
  5. Offer & completion — we liaise with your legal adviser, the seller or developer, and the bank to ensure a smooth, on-time transfer.

FAQs

Is RAKBANK a good option for self-employed borrowers?

RAKBANK is widely considered one of the more accommodating UAE lenders for self-employed professionals. Approval typically requires at least two years of audited accounts, solid bank statement evidence of income, and a clear business track record. YOUAE's advisers will confirm whether your income profile meets the current criteria before submitting.

Does RAKBANK lend on off-plan properties?

RAKBANK does support selected off-plan projects, though the range of approved developers may be narrower than some larger banks. YOUAE will confirm whether your specific development is on RAKBANK's panel and, if not, identify alternative lenders who can finance it.

Can I get a RAKBANK mortgage without a UAE salary transfer?

Yes. While RAKBANK's most competitive headline rates are often tied to salary-transfer products, non-salary-transfer mortgages are available. YOUAE will model both options and advise on whether the rate differential justifies switching your banking relationship.

Want to find out if RAKBANK is your best UAE mortgage option? Book a free pre-approval with YOUAE today — we compare the whole market at no cost to you, then manage every step through to completion.