Browse
related articles
Tamweel may sell repossessed property in UAE
- United Arab Emirates: Monday, May 18 - 2009 at 13:58
UAE-based home lender Tamweel may become the first company to auction properties in default once the legal process of repossession is completed, reported The National. So far, there have been no forced auctions of properties in the UAE, because of legal uncertainties which have made mortgage lenders and banks reluctant to go through an untested system. Wasim Saifi, chief executive of Tamweel, said the Islamic lender would move to the next step of disposal of properties once the legal process of foreclosure is completed.
Related Content
Article Options
StaffMonday, May 18 - 2009 at 13:58 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
