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Dubai mortgage values rise
- United Arab Emirates: Monday, August 24 - 2009 at 16:13
The value of mortgages issued in Dubai exceeded Dhs8bn during the second quarter 2009, compared to Dhs7bn in the previous quarter, according to DubaiFocus, part of a partnership between ReidIn.com and RERA & Dubai Land Department. Some 39 banks registered 1,365 mortgages in Dubai during Q2. Abu Dhabi Commercial Bank (ADCB) was the main mortgage provider in terms of value, issuing Dhs1.86bn worth of home loans in 91 transactions. This was followed by Dubai Islamic Bank (DIB) (Dhs1.83bn from 151 transactions) and the National Bank of Dubai (NBD) (Dhs1.07bn from 80 transactions).
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StaffMonday, August 24 - 2009 at 16:13 UAE local time (GMT+4)
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