July 3, 2024

Mortgages hit 14-month high as demand for property stays strong

Mortgage transaction volumes in Dubai saw a significant rise, reaching a nearly 14-month high despite the relatively high interest rates in the UAE. As reported by Property Monitor, May experienced a 57.9 percent increase in mortgage transaction volumes, with 3,359 loans recorded. This marks the second-highest level, only behind March 2023, indicating the emirate's steady growth. According to...

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