Proptech Huspy announces record AED 1bln+ in mortgages processed in November 2023

Proptech Huspy announces record AED 1bln+ in mortgages processed in November 2023

- Growth in home finance reflects demand for property in UAE and availability of affordable mortgages

- Huspy partners with all major UAE banks and has helped over ten thousand resident and non-resident clients buy their properties in the UAE

- Top locations for home financing include Business Bay, Downtown Dubai, Jumeirah Lake Towers, and Jumeirah Village Circle

Dubai: Huspy (www.huspy.com), the UAE headquartered proptech startup which is redefining home buying in the Middle East & Europe, has announced that its mortgage unit in the UAE has processed a record AED 1 billion+ (USD $270 million) in home financing in November 2023.

This milestone sets an industry record for the UAE’s retail mortgage lending sector, with no financial institution crossing the AED 1 billion mark previously in a single month. Today, Huspy is recognised as the UAE’s largest mortgage platform with consistent growth despite interest rate hikes in 2023.

The UAE’s property market continues to see strong demand across off-plan projects, affordable homes, luxury residences and secondary sales. As a single platform to find and finance a home, Huspy enables its customers to close on their preferred property faster. Through its partnerships with all leading UAE banks, resident and non-resident customers can choose from the