Can I break a fixed-rate mortgage early to refinance?
You can, but fixed-rate deals often carry higher exit costs during the lock-in period. Beyond the Central Bank's 1% or AED 10,000 early-settlement cap, your contract may impose extra break costs. Always check your agreement's fixed-period terms, because it is sometimes cheaper to wait until the fixed rate reverts before switching lenders.
Rules and eligibility criteria change — confirm the current position with the relevant authority before acting. This is general information, not legal advice.
Figures here are indicative as of July 2026 and set by third parties (government, banks, developers) — confirm the current amount before relying on it.
