Press Release: RAK Properties and United Arab Bank sign MoU to provide mortgages to end-users
RAK Properties PJSC, Ras Al Khaimah's leading property developer listed on the Abu Dhabi Securities Market, and United Arab Bank P.J.S.C. (UAB) have signed an MoU for enabling finance for properties developed by RAK Properties. The tie-up comes at a time when most local banks are looking at Northern Emirates as an ideal market for offering mortgages because many leading flagship projects are at completion stages.
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