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Expat mortgage cap sends shockwaves across UAE banking sector

The UAE Central Bank’s decision to cap mortgage lending for expatriates at 50 per cent of the property’s value is sending shockwaves across the country’s banking sector. As you read this, most banks’ retail and mortgage heads are huddled in closed-doors meetings, charting their next moves and trying to estimate…

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Click here to read the full story: Emirates24|7

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