The deal, signed with Alrajhi Bank, is part of Saudi Arabia’s efforts to accelerate growth in the housing market
mortgage finance
Dubai
Dubai real estate transactions hit $381.2 million on Thursday
The emirate’s real estate market has been on an upward spiral in recent weeks, recording transactions over $ 1 billion on several days
Dubai
Dubai sees $1.1 billion worth of real estate transactions in a day
Villas led the rally, where 488 units were sold, as well as 75 land plots
Dubai
Dubai residential property market transactions reach AED61.9bn despite inflation concerns
UAE’s diversified imports strategy, steps to boost its food security among the reasons for ‘cautious optimism’ when it comes to economic growth
mortgage finance
Armed with knowledge: A smarter approach to real estate investment
Here’s how you can pick properties which are ripe for investment, and diversify your portfolio to make it less susceptible to market fluctuations
Abu Dhabi
Real estate buyers face uncertain future as interest rate hike casts spectre on mortgage rates: Experts
Fixed term mortgages are likely to increase in popularity as buyers seek to lock in their mortgage costs amid increasing interest rates
Allsopp & Allsopp
Explained: 8 steps to handle a property transfer in Dubai
Jess Stephenson, Head of Sales Progression at Allsopp & Allsopp talks us through the steps to transfer a property when both parties have a mortgage
Allsopp & Allsopp
The importance of a mortgage pre-approval in Dubai’s real estate market
The importance of securing a mortgage pre-approval before beginning the search to buy a property is imperative
Dubai
Dubai real estate, rental prices likely to increase in 2022 building on strong economic rebound
The addition of about 30,000 units over 2022 should moderate price and rent increases, despite inflation and raw material price increases being passed through to customers
Dubai real estate market
More than 8 in 10 of mortgage borrowers in the UAE are first-time buyers: report
Mortgage Finder processed home loans for buyers from more than 60 different countries in 2021, with nationals from Australia, France, India, South Africa, and the UK being in the majority
Allsopp & Allsopp
UAE Central Bank rate hike could impact mortgage loans, increase demand in high-end properties: expert
The market is likely to see an increase in demand as buyers look to speed up their buying process to lock their mortgage product, and therefore their monthly payments, in place now, before they increase, Lewis Allsopp said.
Abu Dhabi Department of Municipalities and Transport
Abu Dhabi’s real estate market saw transactions worth $19.5bn in 2021
Yas Island led the list of top performing areas followed by Reem Islands
home ownership
Saudi Arabian housing market continues recovery, residential mortgages hit five-year high
Across the kingdom, 25,700 mortgage contracts were issued in April, and 38,285 mortgages were issued for purchasing villas and townhouses in the first quarter of 2021
green investments
First green mortgages issued in UAE through HSBC bank
Climate change has become a global pressing issue and governments and private entities are racing to find new ways to incentivise green investment
Dubai real estate market
Dubai’s real estate sales hit four-year high in April
Last month saw six villa transactions worth over AED50m each, according to data from Property Finder
Abu Dhabi Department of Municipalities and Transport
Abu Dhabi’s real estate transactions totaled $3.1 billion in Q1 2021
Value of mortgages exceeded AED6.5 billion generated from 2,092 transactions with the remain total coming for real estate transactions