Fixing the fixed-rate period will be key

With a bit of flexibility, banks in the UAE can still tap the growing demand for mortgage-based transactions. Typically, banks offer a twoyear fixed rate period at the start of the mortgage payment tenure.

“But this is dependent on individual bank offerings and the level of sophistication size of their balance sheet and treasury management,” said Sameer Lakhani of Global Capital Partners. “We have seen offerings ranging up to five years on a fixed basis. These sometimes reset as well depending on the client.”