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7/3/25, 9:29 AM Dubai property boom: Surge in mortgage financing and investor interest | Khaleej Times

Arran Summerhill, Chief Operating Officer of Holo — the Middle East’s first digital mortgage platform as part of the Wamda X programme, said mortgage financing is
growing at a steady pace in the UAE.

“Absolutely, and early 2025 numbers illustrate it vividly. In January, Dubai recorded its first month-on-month property price dip since summer 2022,
a slim 0.57% drop to Dh1,484 per square foot, yet that didn’t slow the deal flow as a record-breaking 14,413 transactions were signed that month,
and mortgage sales jumped 6.8% month-on-month to 4,134 loans. Zooming out, first quarter of 2025 across the UAE saw Dh239 billion in real
estate trades encompassing 94,719 transactions,” Summerhil told BTR.

In Dubai alone, he said Dh41 billion flowed via 10,949 mortgage transactions, a 27% increase in mortgage deal volume compared to first quarter
of 2024. So yes, the property boom isn’t just driving asset value, it’s propelling mortgage growth, boosting banks, and deepening the financing
ecosystem, which has driven pricing competition.

Protecting stakeholders interests
Summerhill said the Central Bank of the UAE is signalling a positive approach to governance with a higher level of governance in banks, insurers
and finance houses. This ultimately benefits the consumers knowing that there information is being managed and stored correctly whilst being
sold the correct products.

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