5 minute read
EIBOR and your mortgage: what actually moves your payment
Where UAE variable rates come from, and how to read a reversion clause.
What EIBOR is
The Emirates Interbank Offered Rate — what banks charge each other. Your variable rate is typically 3-month EIBOR plus a fixed margin written into your offer letter. EIBOR moves with US rates because of the dollar peg.
The clause to read twice
The margin ranges from 0.75% to 5% across banks in today's matrix. Same EIBOR, wildly different outcomes. Many offers also carry a floor rate — the minimum you'll pay even if EIBOR falls.
What you control
You can't move EIBOR. You can choose your margin, your fixed period, and when to refinance. Those three decisions are worth more than any rate forecast.
Where this guide can't go: your specifics.
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