Dubai: End-users were driving the Dubai property market in 2021 – record mortgage transactions of Dh127.82 billion clearly suggest most buyers were buying homes for their own needs. All-time lows on home financing rates was another tonic spurring end-users to buy, with January to end March period proving the best quarter ever for Dubai’s mortgage-backed property sales.

The previous highest number of mortgage deals was in 2017, and the 2021 tally of Dh127.82 billion is 26 per cent up on that year.