Mortgage Calculator

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Mortgage financing is very attractive, and rightly so as it helps you buy the most loved properties in the most affordable way. Something that usually becomes a hurdle for most aspirants is the difficulty in understanding the process, its terms and the calculations involved.

Being a market leader, DAMAC has addressed this for its valued customers and prospective residents and brought the perfect combination of services, including a user-friendly mortgage calculator. This tool simplifies the process by helping you estimate your monthly payments, taking into account various factors such as loan amount, interest rate, and loan tenure. With the mortgage calculator, you can easily understand and plan your finances, making the dream of owning a property more accessible and transparent.

DAMAC has designed the easiest process and solutions that help you understand mortgage loan calculator and acquire them with unmatched convenience. The mortgage calculator on this page is just one of the benefits brought to you by DAMAC.

DAMAC Property Mortgage Calculator

With the mortgage calculator, you can easily find out what you need to pay for your favourite real estate projects. This helps you avoid contacting anyone to discuss financial feasibilities until you work out things by yourself and are willing to go for a mortgage loan.

You have to enter the values about your chosen property, price range and other numbers based on your preferences to get an insight into the repayment of the mortgage. Along with that, you can always get in touch with our support representatives who are always ready to help and guide the customers.

Before moving on to using the mortgage calculator, we should take a look at some important aspects of the mortgage loan and what makes DAMAC’s service the best one for you.

DAMAC’s Mortgage Assist

DAMAC brings you the fastest and easiest way to purchase its highly coveted properties through mortgage financing. You will find about all the costs involved up-front, with no hidden charges or costs. The representatives will guide you through every single aspect of the process, keeping you connected with the procedure at all times.

DAMAC brings you the best mortgage rates and terms by collaborating with top financial institutions in the (UAE) United Arab Emirates. You are also helped by well-learned and experienced professionals throughout the process, so you won’t find yourself having any difficulty or hassles understanding mortgage rates in Dubai. Here is why you should use DAMAC’s Mortgage Assist, which now includes a user-friendly mortgage calculator:

  • Fastest Approvals
  • Exclusive Rates and Terms
  • Lowest Paperwork
  • Direct Dealing with DAMAC
  • No Hidden Charges or Extra Payments
  • Flexible & Convenient Payment Plans

Payments, Rates and Terms

DAMAC has partnered with ADIB to bring you the most affordable and convenient financing solutions. Not only you can save a lot of money by using this deal, but also be free from troubles about confusing conditions or difficult schedules. To enhance this offering, we've integrated a user-friendly mortgage calculator into our services.

This mortgage calculator is a valuable tool to help you understand and plan your finances better. By entering details like the loan amount, interest rate, and loan tenure, you can easily calculate your monthly payments. This enables you to foresee your financial commitments and make well-informed decisions about your property investment. With DAMAC and ADIB's partnership, along with the added convenience of our mortgage calculator, you can enjoy a hassle-free path to owning your dream property.

Interest Rate

Interest Rate (or Mortgage Rate) offered by DAMAC is the lowest you can find in the market. For up to 7 years, you have to pay interest at a rate of just 1.99%. This offer is unmatched by any other financing solution you can find in UAE for buying DAMAC’s properties.

LTV Ratio

The loan to value ratio offered is also one of the best you will find. Expats can get a loan of up to 80% of the property cost while for UAE nationals, it goes up to 85%. This means that you can own one of the most desired and coveted houses and properties by paying a minimum of 15-20% of the price.

Loan Term or Tenure

You can find multiple payment plans depending on your financial ease and choice. The maximum tenure for paying back the loan is 25 years, which is a long enough time to make payment through easy instalments.

Compliance with the Law

Our dedicated support representatives are always ready to provide detailed guidance and help you comply with all necessary requirements. They can walk you through how to use the mortgage calculator effectively, ensuring you have all the information you need for a well-informed decision. Don't hesitate to reach out to them for support and guidance in navigating through your property purchasing journey with DAMAC.

DAMAC rigorously adheres to all legal and procedural requirements set by the UAE government, ensuring a seamless and compliant experience for our customers. To further assist you in understanding your eligibility and legal obligations, we recommend utilizing our comprehensive resources, including a user-friendly mortgage calculator. This tool aids in giving you a clearer picture of your financial commitments and eligibility criteria.

What is a mortgage loan?

Mortgage loans are the best financial tools to buy properties conveniently. The mechanism involves a bank, financial institution or service provider bearing a large chunk of the price of any property on behalf of the buyer, and receiving it back over a long period.

This model of mortgage financing is a globally popular method for property purchases, with banks providing attractive options and services. To further enhance this process, leading real estate developers like DAMAC have introduced their own mortgage services, tailored to facilitate their customers effectively. To assist buyers in navigating these options, DAMAC incorporates a mortgage calculator into its service offerings. This invaluable tool helps buyers understand and plan their financial commitments by calculating monthly repayments, interest rates, and overall loan costs, ensuring a transparent and informed property purchasing experience.

Types of Mortgage

Mortgage loans have various types, mainly differing on interest rates and their calculations. Each type has its own set of benefits, which suit different individuals depending on their financials and requirements. Let’s take a brief look at each type to gain a basic understanding of their working and benefits.

Fixed-Rate Mortgages

This mortgage type, as the name suggests, maintains a fixed interest rate from the beginning to the end of the loan term. So, when you are paying back, your monthly instalments (EMIs) stay constant throughout, making it easier for you to plan and make your payments without any hassles.

Variable Rate Mortgage

In this type, the interest rate doesn’t stay constant and is always changing. It follows the interest rate as regulated by EIBOR. A simple drawback is that you don’t know how much interest you will have to pay in your next EMI, so this will always be a surprise factor. But it can be useful also as rates can become very low from time to time, saving you a good sum of money.

Discounted Rate Mortgage

This mortgage category brings you highly attractive mortgage rates, but they are offered for a limited time. After that period, a higher interest rate is applicable to the principal amount. If you choose to pay off the loan within the said discounted period, you get to avail yourself of discounted rates throughout the loan term. Even if you have a greater loan term, this mortgage type helps save a lot of money in terms of total interest to be paid.

Capped Mortgage

It is a type of a variable or adjustable-rate mortgage. This also follows EIBOR rate as the basis for interest calculations, but there is an upper limit set for the interest rate. This way, you can always be aware of the maximum EMI you have to pay so you can manage your financials accordingly.

Offset Mortgage

This is a relatively new form of mortgage financing and is available in (UAE) United Arab Emirates. The debtors get the benefit of changing principal amounts, which also impacts the interest to be paid and EMI. For instance, if you deposit a certain amount of money in the same bank, the outstanding principal amount will reduce accordingly. There are also no barriers to draw that amount for the debtor, allowing a lot of freedom and control.

Key Terms of Mortgage Finance

Understanding some key terms can help you gain a better insight into the mortgage loan and its processes. Let’s take a brief look at each of these terms.

House Loan Calculator

Property Mortgage Calculator is often referred to as House Loan Calculator, it helps you determine the price of your desired property as per your loan period, interest ,and down payment. 


During the process of the mortgage, the term “price” always refers to the value of the property in consideration.

Down Payment

It is the amount that the loan applicant has to pay upfront to acquire the property. The required down payment generally is 15% or more for UAE nationals and 20% or above for expats.

Mortgage Amount

The mortgage amount is the total loan that is sanctioned by the financial institution or developer. For UAE nationals, the mortgage amount can go up to 85% of the property price while for expats, the maximum loan percentage is 80%.

Interest Rate

Interest rate, or mortgage rate if the percentage interest charged against the mortgage amount.

Loan Term

The loan term refers to the total number of years in which the loan has to be repaid. It can also be understood as the life of the loan. In the UAE, financial institutions offer loan terms of up to 25 or 30 years.


They are also called the monthly mortgage payments, instalments or just monthly payments. This refers to the amount you have to pay each month and is inclusive of the principal amount, interest, and in a lot of cases, the property tax and insurance premiums.

Mortgage Financing in UAE

For several decades now, the UAE has seen a continuous surge in its imminence as a trading and tourism hub of the world. The year 2021 is deemed to be a breakthrough year, with the much-awaited Expo 2021 to be held. That will establish UAE as the pivotal destination in international trade and commerce. The expected economic boom makes buying properties in the country even more desirable than ever before. To aid prospective buyers in navigating this promising market, a mortgage calculator has become an essential tool. This mortgage calculator allows individuals to assess their financial capabilities and plan accordingly.

The country has also introduced a very easy passage to owning lucrative and luxurious properties for all. The most vibrant system of mortgage financing in the Gulf nation is a testimony to that. The UAE has several trusted and high-profile financial institutions, offering attractive discount rates, flexible terms and convenient procedures. Making sure that everyone that aspires to own a property in the nation can do so with the least possible hurdles.

Compare Best Mortgage Rates in Dubai (UAE)

Once you decide on owning a house or any other piece of real estate, you will find a lot of choices at your disposal. Each financial institution offers a good mix of benefits that can suit different individuals, so you will have to compare the options and find the best one for your needs. A major factor of comparison has to be the mortgage rate, as this is effectively the cost of acquiring a loan. To aid in this critical decision-making process, incorporating a mortgage calculator becomes invaluable. This tool allows you to input different rates offered by various institutions and see how they impact your monthly payments and overall loan cost. By using a mortgage calculator, you can make an informed choice, ensuring that you select a mortgage option that optimally suits your financial situation and long-term goals.

Find the Best Mortgage Rates

We just looked at the mortgage rates generally offered in the UAE and also the range in which they all fall. But for those looking to buy a property in a DAMAC’s project, you can get much better rates than all of these. There is no need for you to look at other options when you can easily get the best mortgage rates with DAMAC Mortgage Assist.

You can get an interest rate of 1.99% for seven years, which is significantly less than all other mortgage options available in the country. So don’t miss out on this amazing opportunity of buying some of the most astonishing properties of the country with the most beneficial financing options. Contact the representatives of DAMAC’s Mortgage Assist today and start preparing to move from your existing home to a dream residence.

Calculating Mortgage Interest

The calculation of mortgage interest is easy to understand, even if it’s not very easy to perform. The only thing to understand is that the interest rate is applied to the outstanding loan amount, which has to be repaid within the decided loan term.

So without going into the complexities of figuring out the EMI for any property price, you can use the mortgage calculator by DAMAC to instantly know all the details.

How to use the Mortgage Calculator

DAMAC takes good care of its customers and goes out of the way to enhance their convenience and ease. Along with offering the most luxurious real estate solutions and most beneficial mortgage rates, it also helps you calculate your mortgage with immense ease by using its very own mortgage calculator.

Here is how you can use the mortgage calculator:

Step 1

Enter the price of the property you are looking to buy to the mortgage calculator.

Step 2

Enter % or amount of the down payment. (At least 15% for UAE nationals and 20% for expats)

Step 3

Enter the interest rate

Step 4

Enter your preferred loan term (up to 25 years)

Step 5

Hit the “Calculate” button to get the results. You will get the following details.

Your down payment in AED (if you entered in %)

Your monthly EMI (Inclusive of Taxes)

Apply For Mortgage with DAMAC


The time is right to own a premium DAMAC property through mortgage finance. All projects by DAMAC are known for their finesse, luxury, and grandeur, and acquiring these dream properties is now easier than ever. Don’t wait any longer; apply for a mortgage loan with the best mortgage rates in Dubai with DAMAC’s mortgage assist. Utilize the mortgage calculator to get an estimate of your monthly payments and overall loan cost. This tool will help you plan your finances efficiently, ensuring you make the most out of your investment. With the mortgage calculator, you can explore various mortgage options, compare rates, and choose the one that best fits your financial needs. So take advantage of DAMAC's mortgage assist today, and use the mortgage calculator to step closer to your dream property. Remember, a mortgage calculator is a valuable resource in navigating the nuances of mortgage financing, ensuring you embark on this journey with clarity and confidence.

Along with reaching out to DAMAC, it is also advisable to learn about the legalities and requirements involved in the application of a mortgage. Let’s take a look at the terms and conditions.

Terms and Conditions for Mortgage Loan

The terms and conditions you should be aware of include the following:

  • The mortgage agreements and processes are monitored by the Government and must comply with the laws.
  • The Real Estate Regulatory Agency (RERA) requires a set of documents and other particular for registration of the mortgage agreement. You can check the procedure and requirements for RERA Registration Unregistered contracts will be considered null and void.
  • The applicant must fulfil all the conditions for eligibility set by the government of UAE.
  • RERA registrations require a non-refundable fee of AED 1000.

How to Apply for DAMAC’s Mortgage Assist

Applying for DAMAC’s mortgage finance is an extremely easy process. There is minimal paperwork need for the process, the legalities and complexities will be handled by DAMAC. All you need to do is reach out to our representatives and just sit back till we deliver the best service.

You can get in touch and get instant guidance about the whole process and all of its aspects. Keep your questions ready so you can get all your confusions cleared before starting the process. And as it is the best time to invest in UAE properties, don’t wait for more and contact DAMAC today!

Frequently Asked Questions

  • The lowest rate is 1.99% which is an exclusive rate for DAMAC Properties.