We are pleased to share the first issue of our new, annual Mortgage Market Report. The aim of this report is to give borrowers and property industry professionals a snapshot of the UAE mortgage market from the largest, independent mortgage consultancy in the country.
Inside this report we share a range of data and trends based on the mortgage transactions overseen within our consultancy in 2020*.
While 2020 was a challenging year globally, it was one of opportunity for the property market in the UAE. The mortgage industry in particular witnessed several positive changes for borrowers and potential buyers. The most notable being the 5% increase in loan-to-value ratios introduced by the Central Bank of the UAE (CBUAE) in March 2020, which made getting a mortgage more achievable for some.
We hope you find the contents of this first issue interesting and informative; we look forward to any feedback in helping to make the next one even more comprehensive.
*All data within the report is based on mortgage transactions completed by Mortgage Finder in 2020, unless otherwise stated.
