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
mortgages
Latest in mortgages
Huspy
Huspy launches AI mortgage chatbot in the UAE
UAE tech platform launches AI-powered mortgage chatbot
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 real estate
Abu Dhabi real estate: Record $3.7bn of mortgage deals in Q3 as transactions hit $15.1bn this year
Abu Dhabi has seen a massive increase in mortgage transactions as real estate in the city thrives
China
China’s central bank cuts short-term lending rate, eases mortgage rules to boost economic growth
The move comes less than a week after the US Federal Reserve cut short-term rates by half a percentage point
Abu Dhabi
UAE real estate: Fed rate cut spells good news for Dubai homebuyers as mortgage rates set to drop
The Fed’s 0.5% rate cut puts UAE homebuyers in line for lower mortgage rates and an affordability boost
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
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
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 finance
ADIB announces UAE’s first long-term fixed-rate home finance
Abu Dhabi Islamic Bank introduces major new real estate financing for investors in the UAE
Dubai
Dubai real estate market hits another high on Monday with AED1.7 billion worth transactions
Monday’s property deals included 498 sales transactions worth AED1.24 billion, 80 mortgage deals of AED444.06 million and 12 gift deals amounting to AED65.68 million
China
China property index gets a boost from planned $44 billion real estate fund
People’s Bank of China and China Construction Bank to support the fund with contributions totalling 130 billion yuan; Index rises 8.78 percent in two days
Dubai
Dubai records over AED1 billion in real estate transactions on one day
The emirate’s real estate market has been on an upward spiral in the recent weeks, recording transactions over $1 billion in several days, as it continues with its post-pandemic recovery
business funding
UAE-based proptech startup Huspy receives $37mn in Series A funding led by Sequoia Capital India
Huspy’s Series A round will be used to extensively invest in technology development, double down on growth in the UAE and Spain, and expand across Europe
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