Imagine finding out that the dream of owning a property in the UAE is becoming more attainable. Thanks to dropping mortgage rates, this dream is now closer to reality for many potential homeowners. With the real estate market evolving, homebuyers must understand these trends and how they affect property investments. Current Mortgage Landscape in the UAE What would you feel if you were planning to go...
“The various global challenges encountered over time have put our resilience to the test. Nonetheless, our objective is to achieve a 7% economic growth rate in 2024.” The UAE aspires to expand its economy and increase its gross domestic product to AED 3 trillion by 2030. The country experienced an 8% growth in 2022. The minister anticipates that the economy will see a 5% growth in...
Abu Dhabi's real estate sector recorded 9,010 sales transactions worth $6.40bln and 10,023 mortgage transactions worth $14.74bln ABU DHABI - The Department of Municipalities and Transport (DMT) has revealed that the UAE capital's real estate market recorded 19,033 transactions, reaching a total value of AED77.6 billion in 2022. As per the Department's reports, the emirate's real estate sector...
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