Bloomberg News

U.A.E.’s New Mortgage Law to Be Issued This Year, Gulf News Says

July 09, 2012

The United Arab Emirates’ new mortgage law will be issued before the end of this year, Gulf News reported today, citing an unidentified Central Bank official.

The new legislation will help solve issues between banks, developers and buyers. It will also differentiate between mortgage-to-own and mortgage-to-invest, the Dubai-based newspaper said today.

To contact the reporter on this story: Zainab Fattah in Dubai at zfattah@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net


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