![The Almas tower, right, stands above other skyscrapers at the Jumeirah Lake Towers development in Dubai, United Arab Emirates, on Sunday, Dec. 11, 2011. Dubai and its state-owned non-financial companies have $101.5 billion of outstanding debt and may need further financial support to meet those obligations, Moody's said. Photographer: Gabriela Maj/Bloomberg](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/VQ7JLGI2MQ4K4AB7VCGXDJFQDY.jpg?smart=true&auth=0b1a2635c0af9ab4087e026e734a670b4ffeeeb88369e4db8e4853af798162f9&width=400&height=225)
Dubai-based Boksha has raised $1m in funding from family offices and the Sandooq al Watan initiative to fund expansion. Bloomberg
Dubai-based Boksha has raised $1m in funding from family offices and the Sandooq al Watan initiative to fund expansion. Bloomberg
Why the low interest rate environment is spurring UAE residents to refinance mortgages
Homeowners are increasingly negotiating with lenders for more competitive rates