The UAE’s economy is slowly regaining strength after COVID-19. The Central Bank of the UAE expects the country’s economy to grow by a modest 2.4% in 2021. The signs of brighter days ahead are welcome ...
The COVID-19 pandemic has caused financial adversities to many individuals and businesses. Among the worst-hit are those who have seen pay cuts or job losses and must fulfill their mortgage commitment...
The economic fallout of COVID-19 has put many in the UAE in an unpleasant situation. People with stable incomes and lifestyles in pre-COVID times now must adapt to living on a budget. If you have a mo...
COVID-19 has brought unpleasant surprises to many. People who were always diligent with their home loan repayments face the risk of defaulting on their mortgage dues. Affected individuals must deal wi...
COVID-19 has put many in an unexpected spot. Many people with otherwise respectable financial records now have to face the uncomfortable reality of missed mortgage payments and legal actions by their ...
According to a study by Oxford Economics, the COVID-19 pandemic is likely to force 10% of UAE’s expat residences to leave the country. While this will be a hard time for everyone, those with a mortgag...
Imagine a borrower who had decent earnings and took on a monthly mortgage commitment based on their salary. Suddenly, this person lost their job or had to take a pay cut due to COVID-19. This person i...
Most people take a mortgage loan with the intent of paying it off fully and taking possession of their property. However, there are scenarios when the repayment of a mortgage loan becomes difficult. F...
The past few months have been the best time for those looking to refinance their mortgages. The UAE’s Central Bank has taken a lot of measures to help banks deal with the economic shock from COVID-19....
COVID-19 has caused an unprecedented crisis in the world. Job losses and pay cuts have affected the incomes of many individuals. One of the hardest-hit sections in this crisis is people with mortgages...