It seems that the confidence in Dubai real estate market is stabilising with one of the Largest European banks dropping interest rates significantly to 5.49 % and the bank also increased loan to value rates from 70 to 80% for eligible and qualifying clients.
With more attractive mortgage rates it is believed that many home owners will be enticed out of renting and purchase property, the real estate market is seeking to obtain a stable market with end users being the dominant user rather than the speculative investor who was buying off plan properties for gain which the market could not sustain.
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