On this week’s episode of Taking Care of Business, Lewis Allsopp is joined by Allsopp & Allsopp Head of Mortgage, Michael Melim. Michael breaks down the mortgage process in the UAE, the advantages of using a mortgage broker, and also shares his perspective on the current state of UAE banks and their capacity to handle the increasing demand. They also discuss how political developments in the US, particularly involving Trump, are influencing interest rates and what he expects to unfold over the rest of the year. Whether you're a first-time buyer or a seasoned investor, this episode equips you with the knowledge to make informed decisions in Dubai's mortgage market.
00:00 Casual Golf Chat
01:08 Introduction to Mortgage Services
02:19 The Role of a Mortgage Broker
05:35 Challenges in the Mortgage Industry
07:36 Real Estate Investment Opportunities
12:50 Global Economics and Real Estate
15:02 Impact of Tariffs on Consumer Prices
15:48 Interest Rates and Trump's Economic Policies
16:41 Personal Mortgage Experiences
17:39 Mortgage Strategies and Risk Management
19:27 Understanding HMOs in the UK
21:19 Challenges in the UK Rental Market
24:15 Dubai's Mortgage Process
29:52 Future of Mortgage Rates and Market Outlook
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