In the UAE, many banks impose a penalty for settling a mortgage early, though the exact terms can vary. Typically, the penalty is 1% of the remaining loan balance or AED 10,000, whichever is lower. The fee may differ based on factors such as whether you'r

Yes, overpayments are generally allowed on mortgages in the UAE, though it depends on the specific bank. Many banks permit penalty-free overpayments of up to 50% of the outstanding loan balance soon after the mortgage is issued. However, for fixed-rate mortgages, some banks may restrict overpayments until the fixed-rate period has concluded.