The debt crises in Europe and the US will make mortgage financing more difficult in the UAE next year and could hinder signs of resurgence in the sector, analysts have warned.
Official figures from the Dubai Land Department found the total value of the mortgage market in Dubai rose 45 percent to $13bn in the first eleven months of 2011, compared to the same period last year.
The value of mortgages issued was down 60 percent since the boom era of 2008.
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