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.
An in-principle decision from a lender, valid for 30 to 90 days, stating the maximum loan amount they are willing to lend you. A pre-approval strengthens your negotiating position when making an offer.
Read more about Pre-approvalThe original loan amount borrowed, excluding interest. Each EMI reduces the principal by a small amount, accelerating as the loan amortises.
Read more about PrincipalAn independent assessment of a property's market value, commissioned by the lender. The lender uses the lower of the valuation or the purchase price to calculate the LTV.
Read more about Property Valuation
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.