With respect to Dubai real estate market, people say it has entered into the state of recovery. Obviously with out the intervention of government and banks it could have never been possible. According to the latest news the big lenders of Dubai real estate market like Standard chartered, Gulf finance and Barclays continue to provide mortgage loans to the credit worthy customers at much competitive rates. They are currently offering as low as 4.99 percent interest on mortgage loans. Banks have made credit easy and convenient to the customers by offering long maturities to repay these loans. As a result many investors are now able to invest in read more

Dubai real estate sector which is constantly suffering from the last few years has faced a loss of billion of dollars due to cancellation of many projects and declining market. The year 2010 was a period for Dubai real estate sector when in some areas Dubai property and rental prices started to show the signs of stabilization. This was as a result of the effective steps taken by banks and government to set this sector towards the path of recovery. Here the question that strikes people’s mind. Is it still difficult to obtain home mortgages in Dubai though the conditions have been improved a little? In spite of better conditions of Dubai real estate sector as compared ..... read more

According to Shariah compliant laws, the making or receiving of interest-bearing loans is prohibited. As a result, the conventional mortgages are not an option for those Muslims who follow their faith strictly.  This created a barrier for commercial banks to operate in Dubai mortgage market. The banks then came up with Shariah compliant mortgages. These are mortgage structures that allow property purchases to be made in accordance with Shariah. There are two different ways in which Shariah compliant mortgages can be obtained for Dubai properties: Murabaha and Ijara. In Murabaha, an asset or commodity is purchased by a financial institution at the request of a custome ..... read more