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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