The UAE mortgage market is highly competitive and closely tied to global and Central Bank policies. With the dirham pegged to the US dollar, local mortgage rates tend to follow US Fed trends.  Experts in late 2024 forecast up to a 1% drop in UAE lending rates as the Fed eases, making borrowing cheaper for homebuyers. Currently, advertised UAE mortgage rates span roughly 2.99%–4.99% (depending on loan type and tenure). Many banks offer both conventional and Shariah-compliant (Islamic) mortgages: in the latter, the bank buys the home and sells or leases it to you without charging interest (riba). For example,…