Since the price of Dubai real estate is currently at its bottom, many local as well as foreign investors are looking forward to investing in the rental Dubai properties for better yields in future. Even those investors who have not enough savings or even savings as low as 20% of the mortgage also wish to [...]
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Top two most common Islamic mortgages available in Dubai
Dubai is a mixed culture city, but the number of the Muslims living there is large. Since the price of Dubai real estate is currently hitting bottom, people believe this is the right time to purchase a premium property in low cost. Those Muslims, which cannot put down enough cash to purchase a property, are [...]
How to get a good mortgage rate in Dubai?
There was a time when Tamweel stopped trading its shares because of its increasing portfolio of non-performing loans. With now Dubai real estate market gradually moving towards stabilization, not only other banks operating in Dubai have relaxed their lending criteria but Tamweel has also rejoined the market. Tamweel has reported an increase of almost four [...]
Dubai Mortgage rates are still hampering buyers from investment
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% [...]
Remortgaging in Dubai – Five reasons to go for it
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 [...]
Finally, Dubai mortgage market is showing signs of life!
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 [...]
Steps for the property buyers to secure a right mortgage in Dubai
As the property prices are hitting the bottom level in Dubai, astute investors have entered in the Dubai real estate market. With the slash in mortgage rates and the re-entrance of the mortgage lenders in the market, buyers are tempted to buy their own homes in Dubai. Even the foreigners are considering Dubai haven for [...]
Mortgage rates in Dubai are tempting buyers to invest in its real estate
According to the latest report, an increase in the appetite of home loans in Dubai and the UAE has been noticed to increase in the last quarter of 2011. Since the turmoil in Dubai started in 2008, banks have not been using mortgage rates as a tool to uplift Dubai real estate. This was due [...]
Which mortgage rate is more beneficial for the property buyers in Dubai right now?
Posted in August 16th, 2011 by Barkat Hasham in Mortgage in Dubai
Since the problem started with Dubai real estate, Central bank of Dubai was reluctant to play with the mortgage rates to encourage real estate investments. This is because the shattered trust of the people on Dubai properties were resulting in high default ratio and banks were unable to relax their lending criteria. But recently as [...]
Mortgage financing – still a major hurdle to increase the demand of Dubai properties
Posted in July 13th, 2011 by Barkat Hasham in Mortgage in Dubai
Dubai is facing tough times and needs good demand of properties to match with its oversupply in order to set its track on the path of recovery. No body can deny the power of mortgage lending in deriving demand of Dubai real estate high. Though government of Dubai has taken steps to relax the lending [...]