RAKBANK fixes 4.69% for 3 years for every customer and charges no arrangement fee. The slider preloads the 4.69%; adjust every slider to fit your purchase.
Indicative figures. Confirm the live rate on our current UAE mortgage rates page before you apply.
RAKBANK, formally the National Bank of Ras Al-Khaimah, is a retail-focused UAE bank listed on the Abu Dhabi Securities Exchange. Its mortgage footprint is smaller than the big four lenders. RAKBANK fixes 4.69% for 3 years, the same rate for every customer since it withdrew the RAK Elite tier on 5 October 2026. It charges no arrangement fee, and when the fix ends the rate becomes 3-month EIBOR plus 1.69%. Where RAKBANK tends to compete is with its existing retail and small business customers, who can sometimes secure sharper pricing than the walk-in market. It writes home finance in conventional or Islamic form; the Islamic banks to compare it with are Sharjah Islamic Bank (3.75%), Dubai Islamic Bank (4.10%) and ADIB (3.99%). CBUAE rules apply in full: 50% debt burden ratio, 80% loan to value for an expat first home under AED 5 million, 25-year maximum term. The slider preloads 4.69%, RAKBANK's current rate. Emirates NBD leads conventional pricing at 3.89%. Read the RAKBANK mortgage guide for the application detail and test any quote you get against the live rates page.
Line the quote up against products from major UAE lenders before you commit.