Essence Mortgage

Expect the best of Abu Dhabi Finance in our all-in-one mortgage plan


Tailored especially for your needs, "ESSENCE" from Abu Dhabi Finance is a mortgage plan that combines a number of great features and benefits to give you one of the best mortgage products available in the market.

Loan To Value (LTV)


CategoryProperty ValueUAE Residents
First House or Owner Occupied <= AED 5m 75%
Each borrower can only claim one property under this category > AED 5m 65%
Second House or Investment Property All property Values 60%
Property Purchased Offplan All property Values 50%



Currency of Mortgage

United Arab Emirates Dirham (AED).

Partial Settlement*

If you choose a Variable Interest Rate you can pay up to 20% per year free of Early Repayment Charges (calculated on the outstanding Loan amount as at the date of the Partial Settlement). Partial settlements can be made up to twice per year on your monthly repayment date, subject to a minimum of AED 5,000 per payment. Early Repayment Charges are payable on all Fixed Interest Rate products.

Mortgage Repayment Methods

You can choose the repayment method, customising your mortgage product to fit your specific requirements.

  • Interest-Only (available for investment properties; for a maximum of 5 years)
  • Combination of Repayment and Interest-Only Mortgage Loans ("Part and Part" Mortgages)
  • Repayment Mortgage Loan (Capital and Interest)

Payment Holiday*

You can benefit from a one month Payment Holiday each year free of deferment charges, starting in the second year of your mortgage loan.


  • Loan Protection Insurance is mandatory and Building Insurance is mandatory for completed villas and townhouses.
  • For applicable fees and charges, please refer to Schedule of Standard Fees and Charges.
  • *Minimum of 14 days notice required.
  • Terms and Conditions Apply.
  • All Applications and requests for Partial Settlement & Payment Holiday are subject to Abu Dhabi Finance approval.



UAE Residents with a minimum income of AED 10,000 per month.

Mortgage Amount

  • The minimum amount is AED 250,000 (AED 50,000 for Further Advance).
  • The maximum amount depends on each applicant’s financial eligibility and is subject to UAE Central Bank regulations.

Property Use

"Essence" is applicable to residential properties in Abu Dhabi and Dubai.

Mortgage Term

  • Minimum - 3 years.
  • Maximum - 25 years.

Age Requirement

  • Minimum - 21 years.
  • Maximum (at loan maturity date):
  • 70 years for self-employed UAE Residents.
  • 65 years for salaried UAE Residents.

Purpose of Mortgage

Own-to-Occupy, Further Advance (Top Up), Re-mortgage (Buy Out) and Investment (Buy to let / Additional UAE property).

Developers & Developments

For approved list of Developers and Developments financed by Abu Dhabi Finance please visit our development locations.

Fees & Charges

Loan Protection Insurance Opt Out Fee0.35% of original loan amount for single applicant / 0.50% of original loan amount for joint applicants per annum

Origination Fees
Application Fee AED 3,000 (non refundable, but offset against your processing fee)
Processing Fee
  • 1.25% of original loan amount (maximum of AED 100,100) if fee is added to loan amount
  • 1.00% of original loan amount (maximum of AED 50,00) if fee is paid upfront
  • Minimum Processing fee of AED 3,000
Valuation Fee AED 3,000
Accounting Management Fees
Early Repayment Charges (ERC)2
  • Fixed Interest Rates: 2% of the outstaninf balance of the loan at the date of repayment during the Fixed Rate Period. 
  • Variable Interest Rates: 1% of the outstanding balance of the loan or AED 10,000 (whichever is lower) at the date of repayment until the seventh anniversary of the Drawdown Date. 

Following the seventh anniversary of the Dawdown Date: 

  • ERC for buy-out: 0.5% of the outstanding balance of the loan 5,000 (whichever is lower) 
  • No ERC payable if early payment is made through sale of mortgaged property or from borrower's own resources. 
Loan Closure Administration Fee3 AED 2,000
Offer Letter Cancellation Fee 4 AED 2,000
Fees for Letters
Liability Letter AED 100 per occurrence
No Objection Certificate (NOC) / Clearance letter AED 750 per occurrence
Other Fees
Offer Letter Renewal AED 2,000 per occurrence
AIP Renewal AED 2,000 per occurrence
Change in Approval Terms (Pre or Post Disbursement) AED 2,000 per occurrence + Valuation fee + any associated fees incurred from relevant Registration Authority or Developer if applicable
Loan Restructure Fee AED 4,000 per occurrence
Late Payment Fee
AED 1,000 per month applied on a monthly basis on any payments overdue by 10 days or more
Default Rate A Default Interest Rate of up to 8.5% per annum may be charged if the account becomes delinquent for more than 60 days and up to 12% per annum if an account becomes delinquent for more than 90 days.
Returned Cheque Fee/Direct Debit Fee AED 250 per returned cheque/dishonored or failed Direct Debit
Replacement of Cheque/Amendment to DDS Account AED 250 per cheque /amendment
Change in Payment Date AED 1,000 per occurrence
Permanent Change in Payment Mode AED 500 per occurrence
Deferment of an Instalment AED 350 per instalment
Duplicate of Statement/Documents AED 250 per statement / document
Registration of Mortgage In accordance with the Developer’s and relevant Registration Authority’s standard fees and charges  
Loan Protection Insurance Mandatory - starting from 0.0417% of the outstanding loan amount per month
Insurance Assignment AED 1,500
Loan Protection Insurance Opt Out Fee 0.35% of original loan amount for single applicant / 0.5% of original loan amount for joint applicants per annum
Property Insurance Mandatory starting from 0.042% per annum of reinstatement value, minimum AED 312.50 

The above fees and charges apply to UAE Nationals and UAE Residents only. All fees and charges mentioned above are inclusive of Value Added Tax (VAT) and are subject to change at two months’ notice at the sole discretion of Abu Dhabi Finance PJSC. Conditions apply.

  • Non refundable. If a Further Advance is made, the Processing fees as specified above are reduced to 75% of the standard amount (a minimum fee of AED 3,000).
  • Unless specified otherwise in the Offer Letter.
  • Fee paid upon closure of the loan at any time. Fee reduces to AED 500 if the loan is repaid from own resources or the property is sold. This fee includes the issuance of one clearance letter and one No Objection Certificate.
  • Payable if the applicant cancels the Application after an Offer Letter is produced but before disbursement. 

Click here to download Fees and Charges PDF

Why Abu Dhabi Finance

Why Abu Dhabi Finance

Abu Dhabi Finance is a leading provider of innovative, flexible and transparent mortgage products and related services in the residential and commercial sectors of the UAE on behalf of Emirati and expatriate clients.

Why Abu Dhabi Finance

Our Vision

To be the most admired real estate financial services company in the UAE

Our Mission

We aim to set the standard in the real estate financial services industry by providing our clients with:

  • Expertise in the local real estate industry, based on our breadth and depth of experience
  • Transparent products and services, built on leading international standards
  • Trusted advisors throughout the real estate investment journey

About Abu Dhabi Finance

Abu Dhabi Finance is the UAE’s fastest growing leading financial services company mortgage lender, providing individuals and businesses alike with the most relevant real estate financial solutions.

Since being formed in 2008 as a private joint stock company partnership between Mubadala Development Company pjsc, Aldar Properties pjsc and ADCB, Abu Dhabi Finance has grown from strength to strength. This partnership brings years of local financial knowledge and real estate expertise, combined with the most solid financial backing in the UAE and a tangible sense of corporate social responsibility.

Abu Dhabi Finance offers innovative financial solutions ranging from residential and commercial mortgages to financial support services. This expertise, coupled with outstanding client service that sits at the heart of everything we do, has translated into numerous customer service and innovation awards since our launch. In 2013, Abu Dhabi Finance became the latest recipients of the Banker Middle East Awards, winning Best Home Finance Company and Best Home Finance Product. Abu Dhabi Finance has also won the Stevie’s Award for Customer Service and the President’s Award for Customer Experience Management for the UAE Customer Service Week STAR Awards.

In 2013, Abu Dhabi Finance expanded its footprint to Dubai, bringing its unique combination of world-class professionalism and intimate client care to the market.

We encourage our clients to aspire to the highest levels of service and to benchmark their expectations against the best internationally. It’s because we have a passion for our community and our clients that we are determined to go to extraordinary lengths to delight them and exceed their expectations.

Abu Dhabi Finance Core Values

  • At Abu Dhabi Finance we define success through the client’s eyes:
    We go to extraordinary lengths to delight our clients and we strive to exceed their expectations
  • We are dedicated to satisfying our clients and we serve them competently, efficiently, knowledgeably, and with flair

At Abu Dhabi Finance, we encourage ideas that are dynamic and creative and we strive to improve:

  • We think differently
  • We do things the right way
  • We welcome the opportunity to improve and develop ourselves and others

At Abu Dhabi Finance, we are one team where every idea and every person counts:

  • We are all equal
  • We recognize and celebrate each other’s achievements

At Abu Dhabi Finance, people and community are served with respect

  • We are proud to support the Abu Dhabi Plan 2030, to transform Abu Dhabi to a global capital city
  • We engage in our community and we embed corporate social responsibility into our business pillars
  • We give extra attention to people and change ourselves to honor our commitments