Answers
Is there a cooling-off period on a UAE mortgage?
A short answer, with the article it comes from.
The answer
Yes. Central Bank rules give you 5 complete business days after signing a credit contract to reconsider and withdraw. The bank must tell you about the right when you sign, may offer you a written waiver, and if you withdraw must refund fees less reasonable direct costs it disclosed in advance.
CBUAE Consumer Protection Standards Clauses 2.1.1.31 to 2.1.1.33 and 5.1.1.28 to 5.1.1.30, checked 2 October 2026.
Clause 5.1.1.28 of the Consumer Protection Standards requires the bank to inform you "as to the right to a Cooling-off Period of 5 complete business days after the signing of the contract" for credit, insurance and other regulated products. By the sixth business day you decide whether to reject the contract, negotiate a change, or let it stand.
You can give the right up. The Standards let a consumer waive it by signing a written waiver that carries a warning about agreeing to an immediate commitment. Read any waiver you are handed before you sign it.
For Shari'ah compliant finance, the underlying contract should itself include a cooling-off option of 5 complete business days. Insurance sold alongside the loan carries its own cooling-off period too.
The cooling-off period covers the finance, not the property purchase, which runs on its own contract. A specialist can help you line the two up so the finance is settled before you are committed to the sale.
Rules are the easy part. Your file is the question.
About to sign? Talk to a Specialist about the timing.