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.
The 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%).
Read more about EIBORThe 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.
Read more about EMI (Equated Monthly Instalment)The 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.
Read more about EquityBorrowing 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 more about Equity Release
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.