UAE residents who want to buy real estate have another reason to make a purchase decision as soon as possible, since if they intend to finance a housing deal with a mortgage, they expect a significantly higher payout compared to what would have been last year. Mortgage rates are expected to reach 4.75-5.25% during 2022, compared with 3-3.5% average available now.
The upcoming increase in mortgage rates will be accompanied by a steady increase in real estate prices in Dubai, which will make it even more expensive for the end user to enter the market. According to market sources, the number of mortgage-backed real estate transactions has been steadily increasing since the second half of 2021. If 2021 began with the sale of real estate only for cash, which accounted for 70% of transactions, then by the end of the year this figure had dropped to 50%. In the last three months of 2021, mortgage-related sales increased significantly as developers returned to launching off-plan real estate.
Distance to the sea: 100 mCompletion year: III quarter, 2027, off-plan Palm Jumeirah - Dubai - UAE
Dubai Internet City
3000m
Al Khail (formerly Nakheel)
2800m
SOBHA Realty (formerly Dubai Marina and DAMAC Properties)
3500m
Como Residences in Dubai
Como Residences in Dubai, UAE is currently under construction and will consist of a 71-story building offering 1- to-6-bedroom apartments, 7-bedroom duplexes and a... Details
2 bedrooms
min. 21 000 000 AED
3 bedrooms
min. 32 000 000 AED
4 bedrooms
min. 52 000 000 AED
5 Bedrooms
min. 70 000 000 AED
6 Bedrooms
min. 107 000 000 AED
5 properties from developer7 properties from agencies
This website uses cookies to help provide you with the best experience we can. These cookies are used to collect information about how you interact with our website and allow us to remember you. By using this website you agree to the use of cookies for analytics and personalized uses.