New restrictions on mortgages is putting off property buyers in Dubai, realty experts told XPRESS.
The mortgage credit for expats has been capped at 50 per cent for the first property and 40 per cent for the second and subsequent units, according to a Central Bank circular issued to banks on December 31, 2012.
For Emiratis, the cap is 70 per cent for the first unit and 60 per cent for subsequent homes.
Dubai investors put off by mortgage cap rule | GulfNews.com
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