BEST OFFERS
Employed Resident 3.79% | Self Employed Resident 4.10%
EIBOR RATES TODAY
On |
3.374810
One Week |
3.511510
One Month |
3.569360
Three Months |
3.558900
Six Months |
3.589000
TWELVE MONTHS |
3.687870
Value Date |
19-02-2026
BEST OFFERS
Employed Resident 3.79% | Self Employed Resident 4.10%
EIBOR RATES TODAY
On |
3.374810
One Week |
3.511510
One Month |
3.569360
Three Months |
3.558900
Six Months |
3.589000
TWELVE MONTHS |
3.687870
Value Date |
19-02-2026
Mortgage smart definitions

Labour Contract

A labour contract is the official, government registered employment agreement between you and your employer in the UAE mainland system. It is a legal document recorded with the Ministry of Human Resources and Emiratisation (MOHRE). It confirms that your employment is officially registered with the UAE labour authorities.It includes details like your position, monthly salary, start date, and working conditions.In the UAE mainland system, this contract is registered with the labour authorities and reflects the official salary the employer has declared for the employee.

This document is only applicable to mainland companies. Employees working for free zone companies do not have MOHRE labour contracts, as their employment is registered under their respective free zone authority instead.

The most convenient way to get your labour contract is through the company HR department. The HR can download a copy of the labour contract from the MOHRE system and share it with the employee. Another way is through the MOHRE app or website. Mainland employees can log in using their Emirates ID details and access their labour contract record online. Some employees also receive a copy when they first sign the contract during visa processing. 

During your mortgage process, banks mainly review the labour contract to understand your income and employment structure. As part of the application, the bank will usually request a copy of your labour contract along with your labour card to verify the employment details and when you have golden visa. 

Best Mortgage Rates in UAE

Updated Daily
Employed Resident
Best Mortgage Rate
3.79%
Fixed for 2 years
Thereafter
1.79% + 3M EIBOR with a minimum floor rate of 2.49%
Property Insurance - 0.06% p.a.
Life Insurance - 0.0197% p.m
For more info
Contact on whatsapp
Employed Non Resident
Best Mortgage Rate
4.19%
Fixed for 3 years
Thereafter
1.99% + 3M EIBOR with a minimum floor rate of 2.24%
Property Insurance - 0.05% p.a.
Life Insurance - 0.0102% p.m
For more info
Contact on whatsapp
Self Employed Resident
Best Mortgage Rate
4.10%
Fixed for 3 years
Thereafter
1.75% + 3M EIBOR with a minimum floor rate of 1.75%
Property Insurance - 0.03325% p.a.
Life Insurance - 0.03% p.m
For more info
Contact on whatsapp
Self Employed Non Resident
Best Mortgage Rate
4.19%
Fixed for 3 years
Thereafter
1.99% + 3M EIBOR with a minimum floor rate of 2.24%
Property Insurance - 0.05% p.a.
Life Insurance - 0.0102% p.m
For more info
Contact on whatsapp

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