Your Key to the Perfect Home

Expert mortgage advice tailored to your financial goals.

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About Us

Ace Advisor is a trusted mortgage advisory firm dedicated to helping individuals and families make confident property financing decisions. We specialize in finding the right home loan solutions by matching our clients with the most suitable lenders, rates, and repayment options. With access to multiple banks and financial institutions, we simplify the mortgage process—from first consultation to final disbursement—so you don’t have to navigate complex paperwork or negotiations alone. At Ace Advisor, we believe that every client’s financial situation is unique. That’s why we take a personalized, transparent, and ethical approach to mortgage advisory. Whether you are a first-time homebuyer, upgrading your property, refinancing an existing loan, or transferring your mortgage to another bank, our goal is to secure the best possible outcome for you.

Our Services

🏠

New Purchase

Buying your dream home? We guide you through the process, comparing rates from top banks to secure the best financing for your new property.

🏗️

Off Plan

Investing in under-construction property? We help you navigate developer payment plans and secure mortgage approvals before handover.

💰

Equity Release

Unlock the cash tied up in your property. Use your home’s equity to fund renovations, investments, or other financial needs with a cash-out loan.

🤝

Buyout

Switch your mortgage to another bank for lower interest rates or better terms. We handle the balance transfer to maximize your savings.

Islamic Financing

Shariah-Compliant Home Solutions

We provide fully compliant Islamic mortgage options approved by Shariah Supervisory Boards. Unlike conventional loans that charge interest (Riba), Islamic financing works on the principles of trade and partnership.

  • ✅ No Interest (Riba): Based on profit rates, not interest.
  • ✅ Transparent: Fixed profit margins and clear contracts.
  • ✅ Ethical: Investments align with Islamic values.

Murabaha (Cost-Plus)

The most common structure. The bank buys the property and sells it to you at a pre-agreed profit margin. You pay the total price in monthly installments over a fixed tenure.

Ijara (Lease-to-Own)

The bank buys the property and leases it to you. Your monthly payments are split into rent and a contribution towards buying the property's equity until you own it 100%.

EIBOR Rates

Current Emirates Interbank Offered Rates (Benchmark for UAE Mortgages)

View Official Live Rates

Mortgage Calculator

1,000,000
200,000
4.5%

Estimated Monthly Repayment

AED 4,446

Loan Amount: AED 800,000

Total Interest Payable: AED 533,915

Total Cost of Mortgage: AED 1,333,915

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Frequent Questions

Who can apply for a mortgage in the UAE?
Both UAE residents (salaried or self-employed) and non-residents can apply. Eligibility depends on income, age, credit history, and property type.
What is the maximum loan tenure allowed?
Up to 25 years, provided the borrower’s age at loan maturity does not exceed:
  • 65 years (salaried)
  • 70 years (self-employed)
What is the minimum salary required for a UAE home loan?
Most banks require:
  • AED 10,000/month for salaried individuals
  • Higher income may be required for non-listed companies or self-employed applicants
Can I get a mortgage if I am self-employed?
Yes. You will need:
  • Trade license (usually 2+ years old)
  • Audited financials
  • Bank statements
  • Proof of income sustainability
What is an AECB credit report?
It is the Al Etihad Credit Bureau report, showing your:
  • Existing loans
  • Credit cards
  • Repayment history
Banks use it to assess your creditworthiness.
How much of my salary can go towards EMI?
As per UAE Central Bank:
  • Maximum 50% Debt Burden Ratio (DBR)
This includes all loans, credit cards, and the new mortgage EMI.
What interest rates are offered in the UAE?
Rates depend on:
  • Fixed or variable option
  • Loan amount and tenure
  • Your profile and employer
Typically:
  • Fixed rate: 2–5 years
  • Variable rate: EIBOR-linked after fixed period
What is EIBOR?
Emirates Interbank Offered Rate (EIBOR) is the benchmark interest rate used by UAE banks for variable-rate mortgages.
Can I buy an off-plan property with a mortgage?
Yes, but:
  • Only from approved developers
  • Banks usually finance 25–50% of the property value
  • Mortgage is released in stages (construction-linked)
What is a mortgage pre-approval?
A pre-approval is a bank confirmation of:
  • Your eligibility
  • Maximum loan amount
Valid for 60 days and required before signing an MOU in Dubai.
Is mortgage approval guaranteed after pre-approval?
Pre-approval confirms eligibility, but final approval depends on property valuation, legal checks, and documents.
What fees are involved in a UAE mortgage?
Typical costs include:
  • Bank processing fee (0.5%–1%)
  • Property valuation fee (AED 2,500–3,500)
  • Dubai Land Department fee (4%)
  • Mortgage registration fee (0.25% of loan)
  • Mortgage broker fee
  • Trustee & admin charges
Can I transfer my mortgage to another bank?
Yes. This is called a mortgage balance transfer.
  • Done to reduce interest rate or EMI
  • New bank settles the old loan
  • Usually costs less than staying on a higher rate
Is there a penalty for early settlement?
Yes, but capped by law:
  • 1% of outstanding amount
  • Maximum AED 10,500
Can I get a top-up loan on my existing mortgage?
Yes, subject to:
  • Property valuation
  • Available equity
  • DBR eligibility
Top-ups can be used for renovation, investment, or personal needs.
How long does the mortgage process take in the UAE?
On average:
  • Pre-approval: 2–5 working days
  • Final approval & disbursement: 2–4 weeks
What is an Islamic mortgage?
An Islamic mortgage is a Shariah-compliant home financing solution where the bank does not charge interest (riba). Instead, it earns profit through approved Islamic structures.
Is an Islamic mortgage truly halal?
Yes. Islamic mortgages offered by UAE Islamic banks are:
  • Reviewed by Shariah Boards
  • Structured to avoid interest (riba)
  • Based on asset-backed transactions
Do I need life insurance for a mortgage?
Yes. Banks require mortgage life insurance to cover the outstanding loan in case of death or permanent disability.
Why should I use a mortgage advisor instead of going directly to a bank?
A mortgage advisor:
  • Compares multiple banks
  • Negotiates better rates
  • Handles paperwork & follow-ups
  • Saves time, money, and stress

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