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UAE mortgage lending soars
- United Arab Emirates: Thursday, October 04 - 2007 at 07:17
Mortgage lending in the UAE nearly doubled to Dhs45.7bn in the second quarter due to the continued influx of foreign investors in the country's real estate market, reported Emirates Today citing figures from the UAE Central Bank. Outstanding home loans increased an annual 97% at the end of June, while annual mortgage lending growth in the first quarter was 86%.
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Jeff Florian, Senior ReporterThursday, October 04 - 2007 at 07:17 UAE local time (GMT+4)
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