Understanding the Benchmark That Shapes Your Mortgage Rate – Ricadi Mortgages Insight Report Buying a home in the UAE often begins with one confusing question: “What exactly is EIBOR—and why does it control my mortgage rate?” For many first-time buyers, EIBOR sounds technical, intimidating, and hidden behind financial jargon. But in reality, it is one of the simplest and most powerful factors that determines: • Your mortgage interest rate• How much your monthly payments change• The total cost of your home loan• When you should lock or float your mortgage rate• Which bank offers the most competitive deal This guide…