UAE's new mortgage law to be issued this year
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon July 9, 2012 10:52 am

UAE. The United Arab Emirates' new mortgage law will be issued before the end of this year, Gulf News reported today, citing an unidentified Central Bank official.

The new legislation will help solve issues between banks, developers and buyers. It will also differentiate between mortgage-to-own and mortgage-to-invest, the Dubai-based newspaper said today.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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INTERNATIONAL. AI will create 2.3 million jobs in 2020, while eliminating 1.8 million.
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UAE. As the interconnection junction between network providers, cloud providers and the enterprise, Equinix has a unique perspective on IT trends and where things are headed.
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