During COVID 19, EIBOR has dropped where banks offered lower rates for new mortgage requests. Also in March 2020, the LTV increased from 75% to 80%. This means first-time homebuyers/investors should pay 20% of the property value and finance the remaining amount.
Individuals and businesses use mortgages to make large real estate purchases without paying the entire purchase price upfront. Many investors and home-owners make use of this financial instrument to buy properties in Dubai along with others who choose a mortgage-free investment.
This report depicts transactions based on value, volume, and size of the mortgage and direct property sales in Dubai.
Sell, Purchase, and Invest in Dubai’s properties with real data, real knowledge.