Report
Residential Mortgage
2021
Residential Mortgage Report
UAE Mortgage Market Snapshot (Full Year 2021)
| METRIC | Value |
|---|---|
| Total Property Transactions | 435 |
| Total Property Transactions Value | 435 |
| Mortgage – backed Transactions | 543 |
| Total Mortgage Value | 543543 |
| Mortgage – Share of Property Sales | 453% |
| Ready Property Market Value | 54 |
| Mortgage Penetration – Ready Market (by Value) | 435% |
Untapped Financing Opportunity
Mortgaged Supply of 2021
| Category | METRIC | Value |
|---|---|---|
| Supply & Absorption | Total Units Supplied | 45 |
| Units Sold | 354 | |
| Absorption Rate (Sold vs Supplied) | 54543% | |
| Transactions Activity | Total Transaction | 453 |
| Market Value | Total Transaction Value | 453 |
| Mortgage Activity | Mortgage Cases | 54 |
| Total Mortgage Finance Value | 43 | |
| Mortgage Penetration (by Value) | 43543% |
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Mortgage Market Scale and Evolution Year on Year
Overall Mortgage Market Overview (2017-2021)
| METRIC | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Total Transactions | 43 | 454 | 53 | 543 | 435 |
| Total Transactions Value (AED bn) | 45 | 435 | 435 | 435543 | 453 |
| Total Mortgage Transactions | 453 | 54 | 45 | 543 | 54 |
| Total Mortgage Value (AED bn) | 453 | 543 | 54 | 453 | 45 |
| % of All Property Sales ( by value ) | 45% | 45% | 4% | 33% | 3% |
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 | 332.4 | 20.4 | 6% |
| Serviced / Hotel Apartments | 6.9 | 0.4 | 6% |
| Villas | 3343434343333 | 323433343344 | 10% |
| Villa Plots | 2.2 | 0.1 | 5% |
Value
Apartments
Serviced / Hotel Apartments
Villas
Villa Plots
Key Insights:
Price Based Segmentation
Mortgage Value Segmentation by Price Band (2021)
| SEGMENT | PRICE BAND (AED) | MORTGAGE VALUE (AED BN) | MARKET ROLE |
|---|---|---|---|
| Affordable | < 1 Mn | 435 | gf |
| Mid-Market | 1 - 2 Mn | 435 | fv |
| Upper Mid-Market | 2 - 5 Mn | 53 | vf |
| Luxury | 5 - 12 Mn | 435 | vf |
| Ultra-Luxury (Emerging) | 12 - 20 Mn | 435 | fv |
| Ultra-Luxury (High-End) | 20 - 50 Mn | 63 | vv |
| Ultra-Prime | > 50 Mn | 654 | vv |
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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