UAE: Mortgage deals hold their own in Dubai realty

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In recent months, these have been pushing comfortably past 50% of all apartment sales

Dubai: UAE banks are certainly comfortable with what they are seeing in Dubai’s real estate — mortgage transactions (including refinancings) are now averaging close to 50 per cent of all apartment sales in the year to end September. And in some months these are pushing into the 60 per cent range, as end users make their presence felt and provide a boost to those developers with projects nearing completion.

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Source : UAE: Mortgage deals hold their own in Dubai realty

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