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.
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The emirate’s mortgage market has seen significant changes in the past few years, making it more accessible and attractive
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The average mortgage amount rose 24% from H2-2020.
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There were more than 570 transactions per week on average in June and the secondary property market in Dubai has recovered to pre-coronavirus levels.
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Dubai’s real estate listings and mortgage aggregators has seen new trends and positive signs in the market over the past few weeks.
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The slower pace will ensure there will not be a flood of new homes delivered without buyers.
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The early settlement fee for mortgages has been reduced to just 1 percent on the outstanding mortgage amount or AED10,000 – whichever is less.
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