Refinance calculator
Same bank or switch · all amounts in AED
This is more than 6% off the calculated payment. Check the balance, the rate or the years left.
Buyout & Refinance in Dubai
Switch a UAE mortgage to a lower rate. See the monthly difference before you ask the current bank for a liability letter.
Refinance calculator
Choose same bank or a switch, then the balance, the rates and the years left. Your own monthly payment is optional.
Open the full calculator → · Read the refinance guide →
How this is calculated
Both payments use the same outstanding balance and the same remaining term. Each is a standard amortising repayment. The saving is the current payment minus the new payment. Same bank drops the switch fees. A payment you type is used when it is filled in. If it is more than 6% away from the calculated payment, the panel says so.
What this calculator doesn't include
A bank arrangement fee, when the lender charges one. Switch bank shows the usual switch costs. Same bank shows those costs as zero. The monthly saving is before any cost that still applies.
Worked example
The panel starts at AED 1,200,000 outstanding, 4.49% and 20 years. The new rate opens at 3.49% and may update from the live buyout rate. The summary shows the current payment, the new payment, the monthly saving and the switch costs. The saving does not subtract those costs.
What is a mortgage buyout?
A buyout is a refinance. A new UAE bank pays off your current mortgage and registers its own charge, usually so you pay a lower rate or a shorter term.
It is worth doing when the monthly saving covers the switching costs before you plan to sell. We calculate that break-even with you before any application.
How a Dubai refinance works
Review the current loan
Outstanding balance, rate, remaining term and any fixed-period penalty are read from your statement.
Liability letter
Your current bank issues the exact settlement figure. The new bank cannot pay the loan off without it.
Compare lenders
We match salary, debt burden and the property against buyout products, then show the rate and the fees together.
Valuation
The new bank values the property. TruValue beforehand shows if the loan still fits the value.
New mortgage
You sign the new facility. The new bank settles the old loan and registers its mortgage.
Old loan closed
You repay the new bank only. We stay on the file until the old liability is cleared.
Who a refinance suits
Rate switchers
Same bank or a new one
- Your rate is above what buyout products are offering.
- You still have several years left on the loan.
- The monthly difference covers the fees.
Bank movers
A full buyout
- You want a new lender to settle the existing mortgage.
- You can obtain a liability letter.
- The property is in Dubai or elsewhere in the UAE.
Term changes
Shorter or easier
- You want a shorter remaining term.
- Or you need the payment lower, not only the rate.
- Equity release can be added when the loan-to-value allows.
When do you refinance?
When a fixed period is ending, when your rate has drifted above the market, or when you want to move the loan and take cash out in one step.
It is usually too early if you will sell before the saving repays the fees.
Our advice: read the liability letter and the early-settlement line before you compare rates.
Required documents
A liability letter, a mortgage statement and the Title Deed are the three the new bank asks for first.
Costs to budget for
- Early settlement, capped at 1% or AED 10,000
- New bank arrangement fee
- Valuation
- Mortgage re-registration
MOVA’s advisory service is free. Bank fees are quoted before you proceed.
What if the valuation comes in low?
The new loan is capped by the bank's value. If that cap is below the settlement figure, you pay the gap in cash or you do not switch. TruValue shows that gap first.
How MOVA supports the buyout
- File review — balance, rate, term and penalties read together.
- Bank matching — buyout products compared on rate and fees.
- Liability letter — requested and checked before submission.
- Valuation — desktop first, then the bank's instruction.
- Application — one contact from offer to settlement.
- Registration — the new mortgage tracked until the old loan is closed.
MOVA does not approve mortgages. The bank decides.
FAQ — Refinance in Dubai
How do I refinance my mortgage in Dubai?
Request a review with MOVA. We compare offers, arrange the liability letter from your current lender and manage the buyout through to the new facility.
What is a liability letter?
It is the letter from your current bank stating the exact balance required to close the loan. A buyout cannot complete without it.
How much can I save?
The calculator on this page compares your current monthly payment with a new rate over the remaining term. Fees can reduce the saving, so we show the break-even before you apply.
How long does a Dubai refinance take?
Often 3–6 weeks from pre-approval to disbursement, depending on the bank queue, valuation and how complete the file is.
Can I release equity at the same time?
Yes, when the loan-to-value and your debt burden allow. See the equity release page for that path.
Do I need a new valuation?
Most banks do. TruValue shows the likely figure before the bank instructs its own.
What fees apply?
MOVA’s advisory service is free. The bank may charge an arrangement fee, a valuation, mortgage re-registration and an early-settlement fee.
Is a buyout the same as a refinance?
In the UAE a buyout is the refinance where a new bank settles your existing loan and registers its own mortgage.
Planning to switch your mortgage?
We compare the rate, the fees and the break-even before a bank sees the file.
Start my pre-approval