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UAE mortgage off-take remains sluggish
- United Arab Emirates: Saturday, July 28 - 2012 at 13:12
According to figures by the UAE central bank, mortgage off-take in the country has remained sluggish at best in the past 18 months, despite the all-time low 3.95% per annum interest rates charged by some banks, Emirates 24-7 has reported. Real estate mortgage loans issued by banks in the country have declined over year-end 2011, from Dhs161.53bn as of December 2011, to Dhs160.87bn as of March 2012, the data showed.
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StaffSaturday, July 28 - 2012 at 13:12 UAE local time (GMT+4)
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