Monday 21 April 2014
home loans

Saudi mortgage law to boost home loan market

Saudi Arabia's new mortgage law should make home loans a larger part in bank lending portfolios and also tackle the controversial question of default, Rehan Khan, chief financial officer at Saudi British Bank (SABB), said on Wednesday.


Saudi Arabia approves mortgage draft law

Saudi Arabia has approved a draft law allowing mortgages to be sold in the kingdom, the state news agency said on Monday. 'It should help address one of the critical social issues in the kingdom - housing,' James Reeve, senior econ


StanChart offers home loans up to $4.9m

Standard Chartered has launched its latest value-added promotion on home loans, offering loan amounts of up to Dh18 million ($4.9 million) at a loan-to-value ratio of as much as 80 per cent. The promotion includes repayment tenure of up to


Mag urges banks to ease credit on home loans

Mag Group Property Development has called on banks to relax their lending criteria to prospective mid-price range home owners in order help them to raise affordable mortgages. Mohammed Nimer, CEO of Mag, which is involved in Dh3 billion ($


UAE home loans almost double in year to June

Mortgage lending in the United Arab Emirates almost doubled in the year to June, central bank data showed, after property prices in Dubai rallied in the first half of 2008. Total home loans at the end of June were worth 87.57 billion dirha


UAE home loans almost double

Mortgage lending in the United Arab Emirates, which opened its property sector to foreign investment beginning in 2002, almost doubled in 2007 amid a building boom, central bank data showed on Wednesday. Total home loans at the end of Dece


Abu Dhabi ups interest-free home loans to Dh2m

The ruler of Abu Dhabi raised by two-thirds the amount that United Arab Emirates nationals in the emirate can borrow free of interest to finance buying or building their homes, to 2 million dirhams ($544,700). Nationals of the world's fift

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