Property & Real Estate
Regulation, Risk & Compliance
Uncategorized
Regulator Stifles Risky Lending That Fueled Dubai Bubble
The United Arab Emirates central bank capped the size of mortgages that banks in the country can offer as it moves to avoid a repeat of a property bubble that caused values to plummet after 2008. Foreigners can borrow 75 percent of the value of a first home priced at…
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Click here to read the full story: Bloomberg Business Week