Khaleej Times published an article on the demand for home loans among UAE residents in 2015 according to Souqalmal.com.

The comparison website registered a 36 per cent increase in the number of visits on its home loan pages in 2015 compared to 2014.

There are over 70 home loans listed on Souqalmal.com. Out of these, 33 are conventional mortgages and 37 are Shariah-compliant home finance products. We analysed our home loan database to know more about mortgage products in the UAE, and statistics and trends that would affect you as a potential borrower.

Eligibility criteria

Those with a monthly salary of Dh20,000 in the UAE meet the minimum salary requirement for 84 per cent of home loans available in the market. Findings from our analysis reveal 57 per cent of UAE home loans are available for those earning between Dh10,000 to Dh20,000 and 27 per cent for those earning Dh10,000 or lower per month (though minimum salary requirements for home loans start at Dh7,000 to Dh8,000).

For the full article go to Khaleej Times