Report
Residential Mortgage
2009
Residential Mortgage Report
UAE Mortgage Market Snapshot (Full Year 2009)
| METRIC | Value |
|---|---|
| Total Property Transactions | 345 |
| Total Property Transactions Value | 435 |
| Mortgage – backed Transactions | 435 |
| Total Mortgage Value | 453 |
| Mortgage – Share of Property Sales | 435 |
| Ready Property Market Value | 435 |
| Mortgage Penetration – Ready Market (by Value) | 45 |
Untapped Financing Opportunity
Mortgaged Supply of 2009
| Category | METRIC | Value |
|---|---|---|
| Supply & Absorption | Total Units Supplied | 435 |
| Units Sold | 453 | |
| Absorption Rate (Sold vs Supplied) | 543 | |
| Transactions Activity | Total Transaction | 543 |
| Market Value | Total Transaction Value | 54 |
| Mortgage Activity | Mortgage Cases | 344 |
| Total Mortgage Finance Value | 435 | |
| Mortgage Penetration (by Value) | 4345 |
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Mortgage Market Scale and Evolution Year on Year
Overall Mortgage Market Overview (2005-2009)
| METRIC | 2005 | 2006 | 2007 | 2008 | 2009 |
|---|---|---|---|---|---|
| Total Transactions | 456 | 456 | 654 | 564 | 654 |
| Total Transactions Value (AED bn) | 654 | 456 | 54 | 54 | 54 |
| Total Mortgage Transactions | 654 | 56 | 654 | 5 | 56 |
| Total Mortgage Value (AED bn) | 65 | 54 | 6 | 65 | 6 |
| % of All Property Sales ( by value ) | 56 | 54 | 54 | 54 | 45 |
UAE Mortgage Market Value Trend (AED BN)
Key Insights:
Mortgage split by property type
Mortgage Split by Property Type (Value Basis)
| PROPERTY TYPE | TOTAL VALUE (AED BN) | MORTGAGE VALUE (AED BN) | MORTGAGE SHARE (%) |
|---|---|---|---|
| Apartments | 5454 | 564 | 10% |
| Serviced / Hotel Apartments | 565 | 52 | 9% |
| Villas | 56 | 23 | 41% |
| Villa Plots | 5466 | 55 | 1% |
Value
Apartments
Serviced / Hotel Apartments
Villas
Villa Plots
Key Insights:
Price Based Segmentation
Mortgage Value Segmentation by Price Band (2009)
| SEGMENT | PRICE BAND (AED) | MORTGAGE VALUE (AED BN) | MARKET ROLE |
|---|---|---|---|
| Affordable | < 1 Mn | 34 | dvfc |
| Mid-Market | 1 - 2 Mn | 34 | fvvcd |
| Upper Mid-Market | 2 - 5 Mn | 435 | dfv |
| Luxury | 5 - 12 Mn | 435 | df |
| Ultra-Luxury (Emerging) | 12 - 20 Mn | 453 | cfdv |
| Ultra-Luxury (High-End) | 20 - 50 Mn | 345 | fdcv |
| Ultra-Prime | > 50 Mn | 453 | dcv |
Key Insights:
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Key Inferences & Conclusions
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Sources: Public government data (Dubai Pulse) & Licensed market data (REIDIN)
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