UAE – Mubasher: The GCC-based financial advisor Nexus Group has launched a fully licensed mortgage entity, dubbed Nexus Mortgage Brokers, to enhance Nexus’s core insurance and financial advisory business.
The new financial arm aims to capitalise on the economic recovery of the UAE in general as well as Dubai’s residential property market, according to a press release on Sunday.
The UAE-based group collaborated with local banks to offer resident and non-resident mortgages on fixed or variable interest rates.
Homeowners willing to refinance their homes can also benefit from Nexus Mortgage Brokers.
CEO of Nexus Group, Tarun Khanna, said, “The mortgages we offer will be primarily focused on UAE residents, but we will also have the capability to offer home loans to international investors looking to buy property in the UAE.”
According to official data, the UAE economy will likely grow by 2.1% next year and 4.2% in 2022.
The Dubai-headquartered Nexus was established in 2006, and currently has offices in Abu Dhabi, Kuwait, Bahrain, and Qatar.