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
Mortgage loan
Latest in Mortgage loan
Mortgage loan
Sharjah records $517.3 million real estate transactions in June
This represents 747 sales and 358 mortgage transactions, state news agency Wam has reported, with a total area exceeding 6 million square feet
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
bank loans
What will impact UAE consumers more: Rising interest rates or higher prices due to inflation?
The US Federal Reserve’s “aggressive rate hike” is in line with efforts to stop the economy from overheating and reduce inflation that is running at its highest levels in four decades, experts said
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
CBRE
Super Tuesday for real estate in Dubai sees $517.2 million worth of property deals in a single day
New figures from the Dubai Land Department detail hundreds of deals as the property market continues to surge.
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.
Home loan
Saudi Arabia sees 212% surge in new mortgages in May
Kingdom is aiming to increase home ownership to 70% by 2030
LTFR mortgage loans
Saudi Arabia’s SRC reduces rates for long-term, fixed rate mortgages
The move is aimed at supporting the growth of the kingdom’s secondary mortgage market
Home loan
Saudi bank mortgages tripled in Q1
The size of funding also grew 133% compared to the same quarter last year
Dubai property market
Video: UAE’s mortgage cap explained
Arabian Business’ Shruthi Nair explains the Mortgage Cap rule that was introduced in the UAE in 2013. Most residents of the UAE are highly invested – at least emotionally, if not monetarily – in the countries real estate market.
Fabrice Susini
Saudi Real Estate Refinance plans $2.3bn in sukuk sales
Saudi Real Estate Refinance – the state-run equivalent of Fannie Mae and Freddie Mac in the US – will tap domestic and international debt buyers with Islamic bond
Aarthi Chandrasekaran
Video: How does the future of UAE’s investment and banking sectors look?
Raed Safadi, Chief Economic Advisor of Dubai Department of Economic Development and Aarthi Chandrasekaran, Vice President of SHUAA Capital shed light on the state of UAE’s financial and investment market on this week’s AB Live.