K|Wise · Glossary
Every mortgage term, in the language of borrowers.
EIBOR, LTV, DSR, DBR, NOC — every acronym that shows up on a UAE mortgage offer, with a one paragraph definition you'll actually remember.
The dictionary, end to end.
EIBOR
#eiborThe Emirates Interbank Offered Rate — the benchmark interest rate at which UAE banks lend to each other. Variable mortgage rates are quoted as EIBOR plus a lender margin (e.g. 3M EIBOR + 1.50%).
EMI (Equated Monthly Instalment)
#emi-equated-monthly-instalmentThe fixed monthly payment a borrower makes to the lender, covering both principal and interest. The EMI remains constant on fixed-rate periods but resets on variable rates each EIBOR reset date.
Equity
#equityThe portion of your property you own outright — the current market value minus the outstanding mortgage balance. Equity grows as you pay down the loan and as the property appreciates.
Equity Release
#equity-releaseBorrowing against the equity built up in a property you already own, usually through a cash-out refinance. Funds can be used for further investment, business, or consolidation.
Read the guides — same plain English, more depth.
The Blog and FAQs unpack these terms in real-world scenarios — fix vs float, refinance break-even, non-resident eligibility, and more.