Mortgage interest rates vary greatly from country to country. The UAE Central Bank continues to evolve regulations to manage the systematic risk in the real estate sector. Unlike most countries, the UAE poses unique challenges given the very large expat customer base that holds a silent risk of returning back to their home countries with outstanding loans.

However, an effective credit bureau for vetting borrowers’ credit histories and status is an effective and logical start to regulating home loans in the UAE.

 

COUNTRY MORTGAGE INTEREST RATE
United Arab Emirates
7.0%
Australia
4.8%
Brazil
12.0%
Canada
3.0%
China
5.8%
India
10.7%
Malaysia
4.8%
Nigeria
20.0%
Norway
4.3%
Philippines
8.8%
Russia
12.6%
South Africa
8.5%
United Kingdom
4.3%
United States of America
3.7%

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