January 26, 2024

Higher Demand for Mortgages with 2024 Rate Decrease

The UAE is set to experience interest rate reductions in 2024, pending US Federal Reserve rate cuts. Despite the market's strong performance, concerns about mortgage buyers' purchasing power have been raised. Mortgage buyers are expected to regain a competitive edge, causing tenants to weigh purchasing a property or renting. Property buyers in the UAE are predicted to shift to mortgages in 2024 as...

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