Dubai Real Estate - Update

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Dubai Real Estate - Update

Published Date: Oct, 20th 2024

Property buyers in Dubai are increasingly shifting from cash to mortgage as interest rates have come down in the UAE and globally. There has been a significant shift in buyer profile compared to last year when cash buyers dominated the market, according to property brokerage house Betterhomes.

During the third quarter of 2024, more than 60 per cent of the brokerage's buyers used mortgages as their preferred home financing option, resulting in an 8 per cent year-on-year increase in mortgage share.

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