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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UAE. BCG's global report on sustainable economic development progress places the UAE's well-being scores in the top quintile; however, the study shows that the nation's performance in converting wealth and growth into well-being is below par globally.
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UAE. "The study points to how digital technology is reshaping the payment landscape in the UAE and impacting all areas of everyday life".
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UAE. The report predicts that residential sale prices will decline further in Dubai for the balance of 2016, but that this rate of decline will slow, as value and affordability returns to the market.
UAE. BCG's global report on sustainable economic development progress places the UAE's well-being scores in the top quintile; however, the study shows that the nation's performance in converting wealth and growth into well-being is below par globally.
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