In a development that investors will be watching closely, lenders will today be meeting with the Central Bank to discuss its plan to cap mortgage loans.
Last week, a circular was released to banks that restricted borrowing for expatriates to 60 per cent for the first property and 50 per cent for subsequent properties. Emiratis will be able to borrow up to 70 per cent for the first home and 60 per cent for any after.
The regulations have received mixed reviews.
UAE Central Bank to discuss mortgage cap - The National
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