Jess Stephenson, Head of Sales Progression at Allsopp & Allsopp talks us through the steps to transfer a property when both parties have a mortgage
mortgages
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
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
DIFC
DIFC issues consultation paper proposing Real Property Law amendment in relation to mortgagees
The key aspects of the changes to the Real Property Law include the removal of the mortgagee’s right of foreclosure in its entirety.
China economy
China volatility can continue, but don’t ignore the rest of EM right now
It’s not just Asia that is exposed to China real estate – it’s a $60 trillion asset class that has seen decades of growth with global implications
Dubai property market
Dubai mortgage market set for record year as first-time buyers rush in
First time buyers have been particularly active, making up 83% of mortgage transactions in Dubai
abu dhabi banking
Abu Dhabi bank inks deal to acquire mortgages worth $300m
Abu Dhabi Commercial Bank to acquire a portfolio of about 1,000 mortgages from Abu Dhabi Finance
mortgages
Opinion: why Saudi Arabia’s housing goals need empowered women
Bloomberg’s Karen Young says away from the headlines, Saudi women are also being empowered by gender-neutral policy changes
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.
Dubai real estate market
Bank launches home loans for non-residents to buy in the UAE
Emirates Islamic has announced the launch of home finance solutions to help non-residents purchase property in the UAE
Al Rajhi Bank
Mortgages set to boost lending at Saudi banking giant Al Rajhi
A jump in mortgages and a recovery in Saudi Arabia’s economy may help Al Rajhi Bank reverse a decline in lending, says CEO
abu dhabi property market
HSBC expands home loans service to Abu Dhabi
Banking giant also announces the introduction of lending for leasehold properties in Dubai
Asteco
$4k monthly salary being demanded to buy Dubai property
Asteco says some banks, developers stipulating minimum salary as affordability remains at forefront of market
Crown Prince Mohammed bin Salman
Saudi bank pegs growth hopes on mortgages, women buying cars
Kingdom plans to subsidise home loans to expand the private-sector’s role in funding mortgages
Dubai property prices
Dubai property broker acquires mortgage consultancy
Allsopp & Allsopp says it has acquired PuzzleWorks to further enhance its mortgage services