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Property Finder introduces mortgage cashback scheme for UAE first-time homebuyers

Prospective buyers begin the process by completing an eligibility assessment before consulting a Mortgage Finder advisor during the mortgage pre-approval stage

Nida Sohail
Nida Sohail

14 July, 2026

Property Finder introduces mortgage cashback scheme for UAE first-time homebuyers

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Property Finder has launched a new mortgage cashback initiative aimed at supporting first-time homebuyers in the UAE, as improving market conditions and government-led housing initiatives continue to encourage greater homeownership across the country.

Introduced through the company’s mortgage advisory platform, Mortgage Finder, the programme offers eligible customers cashback equivalent to 1 per cent of their mortgage amount, with payments ranging from Dhs10,000 to Dhs150,000 depending on the size of the loan.

Read more-Dubai: How DLD, DET’s new initiative will help first-time homeowners

The initiative is designed to address one of the principal financial challenges associated with purchasing a home, the upfront costs incurred during the transaction, including registration fees, furnishing, renovations, moving expenses and initial utility deposits.

Unlike limited promotional campaigns or prize-based incentives, the cashback is available to all customers who satisfy the programme’s eligibility requirements.

Eligibility criteria

To qualify, applicants must be UAE nationals or residents, be at least 21 years old, have not held a mortgage during the previous two years, secure an eligible mortgage with a minimum value of Dhs1m and purchase a qualifying property through a participating agency partner.

The programme is available on selected listings carrying a dedicated Mortgage Cashback badge on the Property Finder platform.

Prospective buyers begin the process by completing an eligibility assessment before consulting a Mortgage Finder advisor during the mortgage pre-approval stage. Following mortgage approval and completion of the property transaction, the cashback is processed and paid to the buyer.

According to Property Finder, the initiative combines mortgage advisory services with financial incentives intended to simplify the financing process for first-time purchasers.

Initial rollout

Mortgage Cashback has been introduced in partnership with Driven Properties, with the company planning to extend the initiative to MD Real Estate in Abu Dhabi before expanding it to additional agency partners over the coming months.

The broader rollout is expected to increase the number of qualifying properties available under the programme while extending its reach across multiple emirates.

Property Finder said the initiative forms part of Mortgage Finder’s wider strategy of providing independent mortgage advisory services supported by market data, financing expertise and access to multiple banking partners.

Supporting government housing objectives

The company said the programme aligns with broader government efforts to increase homeownership, including the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy 2033, both of which seek to strengthen the emirate’s long-term economic competitiveness and real estate sector.

By reducing upfront financial commitments, the initiative aims to improve accessibility for first-time buyers while supporting sustained activity within the residential property market.

Enguerran Milhiet, Vice President of Mortgage Finder, said improving market conditions have created favourable opportunities for prospective homeowners, although upfront purchasing costs continue to present a significant hurdle for many buyers.

“We’re seeing a unique moment in the market where buyers have more choice, stronger negotiating power and increasing support from both the public and private sectors. For many aspiring homeowners, however, upfront costs remain the final obstacle. Mortgage Cashback was created to remove part of that barrier.”

He added: “By returning meaningful cash to buyers when they need it most, we’re helping more people turn today’s market opportunity into homeownership. This initiative builds on the government’s commitment to first-time buyers while extending that support across ready properties, multiple Emirates and a wide network of banking partners. It’s one more step towards making homeownership simpler, more accessible and more rewarding.”

Property Finder said the cashback programme is the latest addition to its portfolio of mortgage advisory services aimed at reducing financial barriers for first-time buyers. By combining financing support with direct cashback, the company expects the initiative to improve affordability during the purchase process while providing buyers with greater financial flexibility as they take ownership of their homes.

Trump reinstates Iran blockade, proposes 20% cargo fee

The proposal marks a significant escalation in US policy towards maritime security in the Gulf

Rajiv Pillai
Rajiv Pillai

14 July, 2026

Trump reinstates Iran blockade, proposes 20% cargo fee
Image: Getty Images

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US President Donald Trump has announced a new maritime security policy for the Strait of Hormuz, declaring that the strategic waterway will remain open under US protection while unveiling plans to reinstate a blockade targeting Iranian shipping and introduce a 20 per cent charge on cargo transiting the strait.

In a post on Truth Social, Trump said the “Hormuz Strait is OPEN, and will remain OPEN, with or without Iran,” adding that the US was reinstating what he described as “the Iranian blockade”, which he said would only prevent Iranian ships or customers from entering or leaving Iranian ports. He added that vessels from all other countries would continue to have unrestricted access through the waterway.

Trump also announced that the US would henceforth be known as the “Guardian of the Hormuz Strait” and said Washington would seek reimbursement “at the rate of 20 per cent on all cargo shipped” to cover the costs of providing security in one of the world’s busiest energy shipping corridors. He said the process of implementing the new framework would begin immediately.

The proposal marks a significant escalation in US policy towards maritime security in the Gulf and comes amid heightened tensions with Iran following recent military exchanges and disruptions to commercial shipping through the Strait of Hormuz, a critical chokepoint for global oil and liquefied natural gas exports.

Read: Iranian missiles hit 2 UAE tankers in Hormuz, killing one crew member: MOD

While Trump outlined the broad framework, the administration has not yet released operational details on how the proposed 20 per cent cargo charge would be collected or enforced, nor whether it would require international agreements or legislative approval. Legal experts have also questioned the international legal basis for imposing such a levy on commercial shipping using the international waterway.

EU to propose phased restrictions on children’s access to social media

The proposal follows the publication of a report by the Commission’s Special Panel on Child Safety Online, which recommends a phased approach to children’s use of social media and other digital services

Neesha Salian
Neesha Salian

14 July, 2026

EU to propose phased restrictions on children’s access to social media
Image courtesy: WAM/ For illustrative purposes

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The European Commission (EU) is preparing proposals to introduce age-based restrictions on children’s access to social media and other digital services, as the European Union seeks to strengthen protections for minors online.

EU President Ursula von der Leyen said the commission would prepare recommendations and legislative proposals following the work of a special panel on child safety online, with a formal proposal expected after the summer.

The proposed approach would introduce a phased system based on age groups. Children under the age of 13 would have limited access to social media platforms under the supervision of parents, caregivers or teachers, with restrictions gradually eased as they get older.

The recommendations would also cover a broader category of digital services referred to as “Social Media Plus”, extending beyond traditional social media platforms to include services that may pose risks to children.

Speaking after receiving the panel’s report, von der Leyen said the commission would prepare both recommendations and legislative proposals, with a formal proposal expected in September.

She said in her speech: ” The data reveal the facts. Across Europe, young people now spend four to six hours per day on screens. Six hours every day – this adds up to twenty years of their life. At the same time, across Europe, almost 60 per cent of young children have experienced emotional or psychosocial problems online. And day and night, parents too well see the consequences of this: loss of sleep, depression, anxiety, cyberbullying, exposure to harmful content. All this is happening while our children’s brains are still developing. We cannot expect children to succeed in a system that was never designed with their wellbeing in mind, when they are most vulnerable.”

“We in Europe believe that parents bring up our kids, not predatory algorithms,” she added. “It is clear we need age-appropriate restrictions to platforms. This is not about whether children can access social media. It is about whether and when social media can access our children.”

The recommendations also extend beyond traditional social media to a broader category of online services described as “Social Media Plus”, covering platforms with age-inappropriate or addictive features.

Safety by design approach is key for social media, says EU President

Von der Leyen said the EU should adopt a “safe by design” approach, placing responsibility on technology companies rather than children or parents.

“We do not expect children to design their own seatbelts. We do not expect parents to fit airbags at home. And the very same must be true for big tech,” she said.

The commission said it would use the expert panel’s recommendations as it develops proposals to protect children better online, building on existing measures including the Digital Services Act and broader work on child safety online.

Read: UAE bans social media for children under the age of 15

Iranian missiles hit 2 UAE tankers in Hormuz, killing one crew member: MOD

The UAE Ministry of Defence said it remained at the highest level of readiness and preparedness to address threats and was taking measures to respond to any attempts to undermine the country’s security

Neesha Salian
Neesha Salian

14 July, 2026

Iranian missiles hit 2 UAE tankers in Hormuz, killing one crew member: MOD
Image: Getty Images/ For illustrative purposes only

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The UAE Ministry of Defence (MOD) said on Tuesday that national tankers, Mombasa and Al Bahiyah, were targeted by two Iranian cruise missiles while transiting the southern shipping lane of the Strait of Hormuz within Omani territorial waters.

The attack killed one Indian crew member aboard the Mombasa tanker and injured eight others, including four who sustained serious injuries, the ministry said in a statement on the social media platform, X.

The injured crew members include six Indian nationals and two Ukrainian nationals, according to the ministry.

The attack also caused material damage to both vessels after fires broke out onboard, which have since been brought under control.

View post on X

Attack on tankers represents breach of international law: UAE MOD

The Ministry of Defence condemned what it described as a “blatant attack”, saying it was a serious violation of international law that threatened regional security and stability.

“The UAE reserves its full right to respond to this escalation and to take all necessary measures to protect its territory, its citizens and residents,” the ministry said, adding that any response would safeguard the country’s sovereignty, security, stability and national interests.

The ministry said it remained at the highest level of readiness and preparedness to address threats and was taking measures to respond to any attempts to undermine the country’s security.

It also urged the public to rely on official sources for information and avoid circulating rumours or unverified reports.

Read: Qatar LNG vessel hit and damaged while transiting Strait of Hormuz

Read: What you need to know: US-Iran conflict escalates with fresh Gulf attacks

QuantumGate’s CTO on the invisible layer every government service depends on

As quantum computing advances, governments are racing to protect the invisible cryptographic foundations that secure digital identities, payments and public services

Janne Hirvimies
Janne Hirvimies

13 July, 2026

QuantumGate’s CTO on the invisible layer every government service depends on
Image: Supplied

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Approve a bank login with UAE Pass or open a service on TAMM, and the whole process takes a few seconds. What you do not see is the layer of security that makes those seconds trustworthy.

The moment you connect, your device and the government service establish a cryptographic handshake. They create a shared secret, verify the service’s digital certificate, and establish an authenticated encrypted channel before sensitive information is exchanged. That process protects your data and ensures you are communicating with the genuine service, not an imposter. It relies on public-key cryptography, specifically algorithms such as RSA and elliptic-curve cryptography (ECC), which underpin almost every modern digital government service.

It is a layer of technology that has done its job so quietly, and so reliably, that few people outside cybersecurity ever think about it. Now it is being rebuilt.

Today’s public-key cryptography is secure because the mathematical problems behind it are effectively impossible for conventional computers to solve within a practical timeframe. A sufficiently capable, fault-tolerant quantum computer running Shor’s algorithm would change that. It could solve those problems within practical timeframes, undermining the cryptographic systems used to establish trust and secure digital communications. No such machine exists today, and estimates for when one might arrive vary widely, which is exactly why the arrival date is the wrong thing to plan around.

Replacing cryptography across an entire national digital estate is a multi-year undertaking. The clock that matters is not the countdown to a quantum computer capable of breaking today’s encryption, but how long the migration itself takes, and every month spent without a plan comes off that runway.

The risk is not only future attacks. Adversaries can capture encrypted communications today and store them until quantum computers become capable of decrypting them, a strategy often described as “harvest now, decrypt later.” For information that must remain confidential for years, the transition has already begun.

Transformation is outrunning its foundation

This is one of the largest technology transitions governments have faced because public-key cryptography is woven throughout digital infrastructure rather than confined to a single system. It protects digital identities, certificates, VPNs, payment systems, software updates, cloud services, firmware inside connected devices, and the digital signatures that establish trust across government systems. Much of it sits inside legacy platforms or commercial products that governments do not directly control.

The challenge is also more focused than many people assume. Symmetric encryption, which protects stored data, remains comparatively resilient against quantum attacks and can generally be strengthened by using larger key sizes. The primary exposure lies in public-key cryptography, the technology used to establish trust, authenticate identities, exchange cryptographic keys, and verify digital signatures.

Fortunately, governments no longer have to wait for the standards. The first generation of international post-quantum cryptographic standards is now available, giving organisations a clear destination for migration.

Yet many organisations cannot begin that journey because they lack a basic inventory of where cryptography is actually used.

Every new application, citizen portal, digital identity platform, or connected device adds another layer of cryptography that will eventually require migration. Many organisations can identify their critical applications but cannot confidently answer more fundamental questions: Where is cryptography being used? Which algorithms are running? Which systems depend on them?

Cryptographic discovery: The first step

Cryptographic discovery is a read-only exercise. It does not touch a single running service. Done well, it examines network traffic, certificates, cryptographic libraries, source code, software dependencies, cryptographic APIs, and key management systems, surfacing cryptography in the places people forgot it lived: keys hardcoded into applications, certificates trusted for years, libraries buried inside operational equipment, and outdated algorithms embedded deep within commercial software. The result is a complete inventory of every cryptographic asset, algorithm, certificate, and dependency mapped to the systems that rely on them.

You cannot modernise what you cannot see. Before organisations can plan a post-quantum migration, they need visibility into where cryptography is being used, which algorithms are deployed, and which systems depend on them. Cryptographic discovery provides that foundation, transforming what would otherwise be a complex migration into a structured, risk-based program.

This is already happening at national scale in the UAE, where the Cyber Security Council and QuantumGate have partnered to automate cryptographic discovery across complex national infrastructure, providing organisations with visibility into the foundations of digital trust before migration begins.

A single scan does not stay accurate for long. Certificates are issued and replaced, systems scale up and down, software is rebuilt, and a vendor update quietly swaps one algorithm for another. Within a release cycle, the picture is out of date. Discovery therefore has to run continuously, built into software development, certificate lifecycle management, and operational processes so weak, vulnerable, or expiring cryptography is identified as it appears. Much of the value is immediate, regardless of the quantum timeline: improved certificate management, fewer outages caused by expired certificates, stronger compliance, continuous audit readiness, and ongoing visibility into an organisation’s cryptographic posture.

Designing for the next transition

The systems being built now will determine how manageable the next change is. Build them so the choice of cryptographic algorithm is a configurable policy rather than an assumption embedded in application code, and the next transition becomes an upgrade instead of a rebuild.

During the migration, systems can operate in a hybrid mode that combines classical cryptography with post-quantum cryptography. For example, a classical key exchange mechanism can run alongside a post-quantum key encapsulation mechanism, ensuring that communications remain protected unless both approaches are compromised. This enables organisations to adopt quantum-resistant security while maintaining interoperability with existing infrastructure.

For systems that cannot be modified directly — mainframes, industrial control systems, operational technology, and vendor appliances — the practical approach is often to deploy quantum-safe gateways that protect communications without requiring changes to the underlying applications.

Trust is becoming a national capability

As governments continue to digitise essential public services, cryptography is becoming a matter of national capability rather than simply an IT function.

The ability to discover, manage, and modernise cryptography within national borders helps governments maintain visibility over critical digital assets, certificate infrastructure, and trust services that underpin everything from citizen identity to financial transactions.

Countries that can demonstrate confidence in the security of their digital foundations will be better positioned to attract investment, protect critical infrastructure, and strengthen public trust in digital government.

Cryptographic resilience is not a destination that governments eventually reach. It is an ongoing capability that must evolve alongside the services it protects.

Citizens rarely think about the cryptography behind the services they use every day, and that is precisely the point. Trust works best when it is invisible. The governments that invest in protecting that invisible foundation today will be the ones their citizens continue to trust in a post-quantum future.

Fire contained at Zayed Military City warehouse, no injuries reported

The ministry urged the public to rely on its official communication channels for accurate information regarding the incident

Rajiv Pillai
Rajiv Pillai

13 July, 2026

Fire contained at Zayed Military City warehouse, no injuries reported
Image: Adobe Stock/Image for illustrative purpose

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Firefighting teams from the UAE Armed Forces have brought a fire under control at a warehouse in Zayed Military City, with the Ministry of Defence (MoD) confirming that no injuries were reported.

In a statement posted on X, the ministry said the incident involved a brush fire caused by the burning of some wood and old ammunition stored in one of the warehouses within Zayed Military City.

View post on X

The MoD said Armed Forces firefighting teams responded to the incident and successfully contained the blaze, preventing any reported casualties.

“The Ministry of Defense confirms that the fire has been brought under control and there are no injuries,” the ministry said.

The ministry urged the public to rely on its official communication channels for accurate information regarding the incident.

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