Mortgage Refinance UAE

What is Refinancing?

Mortgage refinance UAE is the process of replacing an existing mortgage with a new one. The new mortgage may have different terms and conditions than the original mortgage, such as a different interest rate, loan amount, or mortgage repayment schedule. Mortgage refinance can be an opportunity to save money by reducing the mortgage interest rate on your mortgage or by taking advantage of other terms that are more favourable than those of your current mortgage.

eMortgage can help you with your mortgage refinance in the UAE, whether you’re looking to save money on your monthly payments or pay off your mortgage faster. Our mortgage advisors will work with you to find the best mortgage option for your needs and provide expert advice and guidance throughout the mortgage approval process. They will solve all your refinance enquiries on a regular basis.

house and coins on a wooden balance Balance with house and coins for mortgage refinance in Dubai

Key Benefits

Enjoy cheaper interest rates and flexible repayments.

Get the best terms on your mortgage refinance, with options for early repayment and handover facilities.

We offer transparent service with no hidden processing fees or charges.

Get quick approval on your mortgage refinance application with our partner banks.

How Does Refinancing in the UAE Work?

The process of refinancing your mortgage in the UAE is similar for UAE Nationals and Expatriates. It is just like taking out a new mortgage. You’ll need to submit an application with supporting documents, and our partner banks will assess your eligibility for refinancing. Once approved, you’ll sign the new mortgage loan agreement and begin making repayments on your new mortgage.


Mortgage refinance can be a great way to save money, but it’s important to understand the risks involved before making any decisions. Our team of experts can help you weigh up the pros and cons of refinancing and find the best option for your needs.

When do we need refinancing?

There are a number of reasons why you might choose to refinance your mortgage. You may want to take advantage of lower mortgage rates or switch to a different type of mortgage that better suits your needs. Other common reasons for refinancing include:

To consolidate debt

Mortgage refinance can be an excellent way to consolidate other debts into one monthly payment. This can make it easier to manage your finances and reduce the overall cost of borrowing.

To release equity

If you’ve built up equity in your home, you may be able to use this equity to finance other goals, such as home improvements or investing in property.

To shorten the Mortgage term

Refinancing can help you pay off your mortgage sooner, potentially saving you a lot in your monthly mortgage payments.

To switch to a different type of mortgage

If your financial needs have changed, you may be able to switch to a different type of mortgage that better suits your situation. For example, you may switch from a variable rate basis mortgage to a fixed-term rate basis mortgage or vice versa.

Emortgage is a leading mortgage provider in UAE, and we can help you assess your needs and find the best mortgage refinance in Dubai. Our Senior Mortgage Consultant will work with you at every step of the way, from application to approval, to ensure that you get the best deal possible.

Get in touch with us today to learn more about refinancing your mortgage in the UAE.

How to refinance your mortgage?

The process of refinancing your mortgage can vary depending on your mortgage lender. Here are the general steps you can expect to go through:


Research your options:


You’ll want to compare offers from multiple lenders to find the best deal possible. Make sure you understand all the terms and conditions before making a decision.


Get pre-approved:


Once you’ve found the right mortgage lender, you’ll need to get pre-approved for a new mortgage. This involves submitting a mortgage application and providing supporting documentation, such as monthly income statements and property appraisals.


Close on your loan:


After your application is approved, you’ll need to sign loan documents and pay any closing costs associated with your new mortgage. Once everything is finalised, your old mortgage will be paid off, and you’ll start making payments on your new loan.

Eligibility for Mortgage Refinancing in UAE.

In order to be eligible for a mortgage refinance in the UAE, you’ll need to meet certain criteria set by the banks. Generally, you’ll need to have a good credit score and a steady monthly income. You may also be required to provide collateral, such as property or another asset.


If you’re self-employed, you may need to provide additional documentation, such as tax returns. These are just some of the things you’ll need to consider when refinancing your mortgage. You’ll have to go to a Mortgage broker for full eligibility requirements for Mortgage Refinancing.

Documentation required for refinancing in UAE.

The documents required for mortgage refinance can vary depending on your lender. However, there are some standard documents that you’ll likely need to provide, such as:


Proof of income


This can include pay stubs and six months bank statements.


Proof of assets


This can include investment accounts, property deeds, and car titles.


Proof of debts


This can include clean credit history, loan documents, and utility bills.


Mortgage application


This is a standard application form that you’ll need to fill out and submit to your lender.


Property appraisal


This is an estimate of the value of your property, which will be used to determine how much you can borrow.

Once you have the required documentation, you’ll be one step closer to refinancing your mortgage.

Our Partners

We are proudly associated with region’s leading banks and financial institutions.