October 18, 2024

UAE interest rates drop: More Dubai property buyers opt for mortgage over cash

Mortgage buyers received a boost in September with a 0.5% drop in interest rates, marking the first rate cut in over four years. In Dubai, property buyers are increasingly moving from cash purchases to mortgages as interest rates decline both locally and globally. Compared to last year, when cash buyers dominated the market, there has been a notable shift in buyer profiles, according to property...

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