Thursday 21 September 2017
 
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Mortgage

Saudi Arabia in bid to boost lending for homes

Saudi Arabia’s first mortgage-refinancing firm has started approaching banks to buy their mortgage portfolios as the state tries to boost lending for homes, according to a report. The state-run company, created to develop a

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Damac's mortgage unit provides $163m funding

Damac Properties, a leading luxury real estate developer in the region, said its in-house mortgage department has so far facilitated home financing worth Dh600 million ($163 million) for hundreds of units across the UAE. It is the only

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UAE consumers 'keen to buy property'

The majority of the consumers in the UAE seem to agree with the current real estate market sentiment that now is the best time to buy property in the emirates, according to statistics from compareit4me.com, the Middle East’s leading financ

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Goldman Sachs to pay $5bn in mortgage pact

Goldman Sachs Group has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the US Department of Justice said on Monday. The settlement, which Goldman disclosed in Janua

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Saudi residential rents on the rise in Q3

The residential market in Saudi Arabia continued to witness growth in the rental sector, while the sales market experienced a slowdown, attributable to the stricter mortgage regulations and lack of affordability, said a report. Ac

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Oman property deals' value tops $5.7bn in H1

The value of the real estate transactions registered in the first six months of the year in Oman reached RO2.23 billion ($5.7 billion), reflecting a 45.9 per cent rise compared to figures of H1 2014, a report said. The collected f

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Dubai land transactions hit $35bn in H1

Dubai Land Department (DLD) recorded a total of 23,000 property transactions valued at Dh129 billion ($35 billion) in the UAE emirate during the first half (H1) of the year, said a report. According to the report issued by Real Es

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BBK promotes mortgage loans offering at show

Bank of Bahrain and Kuwait (BBK) is promoting its mortgage loans offering at the Gulf Property Show, which opened in Bahrain today (May 12). BBK chief executive Abdulkarim Bucheery said the exhibition is an ideal platform for the

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BBK promotes mortgage loans offering at show

Bank of Bahrain and Kuwait (BBK) is promoting its mortgage loans offering at the Gulf Property Show, which opened in Bahrain today (May 12). BBK chief executive Abdulkarim Bucheery said the exhibition is an ideal platform for the

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Fannie Mae posts $1.3bn Q4 profit

Mortgage giant Fannie Mae reported net income of $1.3 billion for the fourth quarter. That's down sharply from $6.5 billion a year earlier due largely to losses on investments used to hedge against swings in interest rates. St

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