Despite the great crash, Dubai real estate still holds its charm and a great number of people are still looking to purchase property in Dubai. The major reason why these buyers are not investing in real is merely their low purchasing power. Mostly the buyers of Dubai real estate are cash buyers and only 30% of the total transactions in residential sector are made by the buyers, who buy by making most out of the Dubai mortgages. Though banks have slashed their mortgage rates, yet the mortgage rates are still very high and paying off their monthly instalments is still out of the budget of the buyers. These high mortgage rates are hampering even those buyers who are will ..... read more

Remortgaging – The basic concept Remortgaging means kissing off good bye to the current mortgage deal and availing another one, of the same or the different lender. Some people think it is the practice of moving mortgage loan to some other lender. This is wrong because if your current lender is offering you a better deal, switching to that deal would also be remortgaging. This is very beneficial for the buyer especially if the early repayment fee of his current loan is less. Remortgaging in Dubai Dubai real estate is passing through a tough time. During the last two years, not even a single bank was ready to issue mortgage loans at lower rates of interest. This is because when ..... read more

Since 2008, Dubai mortgage market has been showing no signs of life. The global credit crunch that hit Dubai in 2008, made the mortgage lenders to escape from the market. When Tamweel, the biggest lender of Islamic loans, stopped trading its mortgage shares in 2008, every expert thought this is the death of the Dubai mortgage market. This was mainly because of the fact that the low investor confidence on Dubai real estate was preventing investors to pay their mortgage loans on time. The defaults were getting higher and it became tough for the banks to cope up with the situation. Therefore, just like Tamweel, some banks stopped trading mortgage loans while others made their lending crite ..... read more