MORTGAGES & VISAS
EIBOR
The Emirates Interbank Offered Rate, the benchmark UAE banks lend to each other at, published by the Central Bank. Variable-rate mortgages are priced as EIBOR plus a margin, so when EIBOR moves, so does your payment after any fixed period ends.
Most UAE mortgages fix for 1 to 5 years then revert to EIBOR plus margin; the reversion margin matters more than the teaser rate over a long hold. Ask for both numbers and compare total cost, not the first year.
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This explains the general case. If EIBOR has come up in a live deal of yours, talk to the team: specific answers, registered numbers, no obligation.