How to Use the Buy a House in Dubai Calculator

A Buy a House in Dubai Calculator is a digital tool that helps potential property buyers estimate their down payment, loan amount, monthly mortgage payments, and total repayment cost when purchasing a property in Dubai.

Dubai’s real estate market is attractive for both investors and residents due to its tax-free benefits, luxury properties, and growing global demand. However, buying a home involves careful financial planning. This calculator simplifies the process by giving you a clear picture of your financial obligations before you commit.

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Why Use This Calculator?

Purchasing property in Dubai often requires:

• A minimum down payment (usually 20% for expatriates, 15% for UAE nationals).
• A mortgage loan from a bank with varying interest rates.
• A long-term repayment plan (commonly 15–25 years).

This calculator helps you quickly estimate these key numbers without needing complex spreadsheets or manual calculations.

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How to Use the Calculator

1. Enter the Property Price
   Input the total cost of the property in AED. For example, if the villa or apartment costs AED 1,500,000, type 1500000.
2. Enter the Down Payment (%)
   The calculator accepts a percentage. For instance, if the down payment is 20%, type 20. The tool will automatically calculate the AED value.
3. Enter the Annual Interest Rate
   Mortgage rates in Dubai typically range between 3–5%. Enter the rate provided by your bank, e.g., 3.5.
4. Enter the Loan Term (years)
   Choose the repayment period (commonly 15–25 years). For example, 25.
5. Click "Calculate"
   The calculator instantly displays:
   • The down payment in AED.
   • The loan amount.
   • The estimated monthly mortgage installment.
   • The total cost of repayment over the chosen term.

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Example Scenario

Suppose you’re buying a property worth AED 1,500,000:

• Down payment: 20% (AED 300,000)
• Loan amount: AED 1,200,000
• Interest rate: 3.5% annually
• Loan term: 25 years

The calculator would show your approximate monthly payment as ~AED 6,003 and a total repayment of AED 1.8M+ over 25 years.

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Buy a House in Dubai Calculator FAQ

Q1: Does this calculator include additional costs like DLD fees and service charges?
A: No, this tool only calculates mortgage-related costs. In reality, you’ll need to budget for Dubai Land Department (DLD) fees, service charges, and agent fees.

Q2: Can I use this calculator if I’m not a UAE resident?
A: Yes, but keep in mind that mortgage eligibility and down payment requirements differ for expatriates (usually higher than for nationals).

Q3: What happens if I repay my loan early?
A: Some banks allow early repayment but may charge a penalty (often capped at 1% of the outstanding loan). This calculator assumes full-term repayment.

Q4: How accurate are the monthly payment results?
A: The results are estimates based on standard mortgage formulas. Your exact payment may vary depending on your lender, fees, and interest type (fixed vs variable).

Q5: Can this calculator be used for investment properties?
A: Absolutely. Whether you’re buying to live in or as an investment, it provides a clear picture of financing needs.