---
title: "EIBOR"
canonical: https://www.uaepropertyagents.com/glossary/eibor
markdown: https://www.uaepropertyagents.com/md/glossary/eibor.md
type: glossary-term
description: "EIBOR is the Emirates Interbank Offered Rate, the benchmark interest rate published daily by the UAE Central Bank, to which variable mortgage rates are linked."
publisher: "UAE Property Agents (Omnia)"
language: en-GB
usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting."
---

# EIBOR

> EIBOR is the Emirates Interbank Offered Rate, the benchmark interest rate published daily by the UAE Central Bank, to which variable mortgage rates are linked.

Also known as: Emirates Interbank Offered Rate, EBOR.

## What EIBOR means for a buyer

The Emirates Interbank Offered Rate (EIBOR) is the rate at which UAE banks indicate they would lend dirhams to one another. The Central Bank of the UAE publishes it each business day, calculated from the submissions of a panel of banks, for a range of periods from overnight to one year.

It matters to property buyers because it underlies mortgage pricing. A typical UAE home loan has a fixed rate for an initial period of one to five years, after which it reverts to a variable rate expressed as a bank margin plus EIBOR, usually the one-, three- or six-month rate. If your margin is 1.5% and three-month EIBOR is 4%, you pay 5.5% until the next reset. Those figures are for illustration only; check the current rate on the Central Bank's website.

Because the dirham is pegged to the US dollar, EIBOR follows US interest rates closely. A UK borrower should not expect UAE mortgage rates to move with the Bank of England.

What to check in a mortgage offer:

- which EIBOR period applies and how often the rate resets
- the margin, which is normally fixed for the life of the loan and is the part you can compare between banks
- any minimum rate, or floor, below which your rate will not fall whatever EIBOR does
- the cost of leaving: Central Bank rules cap early settlement fees at 1% of the outstanding balance, to a maximum of AED 10,000

See [LTV](https://www.uaepropertyagents.com/glossary/ltv) and [pre-approval](https://www.uaepropertyagents.com/glossary/pre-approval) for the rest of the lending picture.

## Related terms

- [LTV](https://www.uaepropertyagents.com/glossary/ltv): Loan-to-value is the share of a property's value a bank will lend; UAE Central Bank rules cap it, and non-residents are usually offered less than the cap.
- [Pre-approval](https://www.uaepropertyagents.com/glossary/pre-approval): A mortgage pre-approval is a bank's written, conditional indication of how much it will lend you, issued before you have chosen a specific property.
- [Mortgage registration](https://www.uaepropertyagents.com/glossary/mortgage-registration): Mortgage registration is the recording of a lender's charge against a property at the land department; in Dubai the fee is 0.25% of the loan amount.

## In depth

- [Non-resident mortgages in the UAE: how much you can borrow, 2026 rates, fees and how to apply](https://www.uaepropertyagents.com/guides/non-resident-mortgages-uae)


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Source page: https://www.uaepropertyagents.com/glossary/eibor. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.