Some UAE banks are now offering mortgages below 4% and making it easier for buyers to finance homes under 70-30 and 80-20 payment plans
mortgage finance
Latest in mortgage finance
Mortgage
Saudi Real Estate Refinance Company secures $906mn mortgage portfolio deal with Saudi National Bank
The deal marks one of the largest mortgage refinancing transactions in Saudi Arabia
Dubai real estate
Dubai proptech startup PRYPCO handed $10m boost to support real estate financing and Golden Visa applications
PRYPCO raises $10m in seed funding as it looks to transform real estate financing and Golden Visa registration
Abu Dhabi
Dubai speed limit change; UAE petrol prices; Housing bubble risk; Coldplay in Abu Dhabi; Real estate financing – 10 things you missed this week
Dubai real estate analysis, RTA announce new speed limits, Coldplay launch Abu Dhabi shows and more of the top news stories this week
Dubai
Moscow’s loss, Dubai’s gain? Russian buyers flock to UAE real estate as mortgage rates skyrocket to 18% in home market
Cash rich investors from France are also flocking to upscale Dubai properties as UAE offers nearly half payback period on investments compared to Paris
Dubai
Dubai real estate: 5 new ways to invest in property, from low-deposit mortgages and co-ownership to REIT and the $136 portfolio
Can’t afford to buy a $20m Dubai mansion? Here’s how to start investing in Dubai real estate from just $136
Better Homes
Dubai real estate: How new bank mortgage options make buying property easier than ever with reduced lump sum burden
Dubai real estate investors turn to new bank financing options to purchase properties in the city
Dubai Land Department
Dubai real estate: Mortgage activity hits 14-month high
Dubai’s low interest rates and a population influx are driving this surge
Abu Dhabi
UAE proptech Huspy secures major funding round led by Balderton Capital
Fifth Wall and several other investors also participated in the latest round of investment, which notched up the startup’s valuation much higher than its first round in 2022
Mortgage
UAE mortgages: Non-residents constitute up to 40% of bookings, $22m loans available
The UAE mortgage sector is being boosted by interest from overseas and non-resident investors
Mortgage
Dubai real estate: Huspy announces new mortgages below UAE EIBOR rate
UAE home buyers need only apply through Huspy’s platform and submit documents for a free cost analysis
Mortgage
Dubai proptech Huspy announces record $270mn in mortgages processed in November 2023
This achievement sets a record in the UAE’s retail mortgage lending sector for a single-month transaction
Central Bank of the UAE
Dubai real estate: Is it better to fix a mortgage now or next year? Experts weigh in
Homebuyers are advised to carefully evaluate their financial plans and consider the stability offered by fixed-rate mortgages, experts said
Abu Dhabi real estate
UAE real estate developers to feel the pinch of rising interest rates, inflation: Moody’s
UAE’s real estate market conditions to remain healthy in the next 12 to 18 months, but demand is likely to slow down, report finds
Abu Dhabi
UAE banks drive Golden Visa demand with competitive mortgage rates, residency support
The easy mortgage policies are giving a major push to the growing property markets in emirates like Abu Dhabi, Sharjah, and Ras Al Khaimah as well
Abu Dhabi real estate
UAE’s mortgage market witnesses surge in refinancing due to rising interest rates
The hardening of interest rates is encouraging buyers to take the leap to ownership by locking-in better long-term rates before it’s too late
Dubai
Dubai real estate: Off-plan property resurgence fuels market boom amid rising population
Real estate experts tout lucrative investment strategy as Dubai’s population skyrockets, encouraging residents to buy off-plan as demand for rentals continues to surge but warn of risks