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UAE Central Bank - New mortgage regulations 2013


Date Posted : 30 October 2013

UAE Central Bank announced yesterday new mortgage regulations to take effect 1 month after publication in the official gazette These regulation stipulate maximum loan to value ratios will be as follows: 

75% for expatriate first mortgage upto maximum purchase price of AED 5million

65% for expatriate first mortgage over a purchase price of AED 5million

60% for expatriate second mortgage

50% for expatriate under construction properties

Higher loans are available for UAE Nationals

 

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