Mortgage loan growth in the UAE fell sharply in 2009 as banks maintained their tight credit policies, Emirates Business has reported. The total value of home loans issued by the UAE's 24 national banks and 28 foreign units fell to Dhs15bn in the first 11 months of 2009, down from Dhs74bn the previous year. Growth in domestic mortgage credit plunged from around 123% during 2008 to just 12% during January-November 2009, according to Central Bank figures.
Subscribe to MEED to receive your choice of premium newsletters
 |
 |
 |
 |
Identify and track projects across the Middle East and North Africa through MEED Projects. Subscribers can track projects, conduct trend analysis, forecast, produce strategic reports and ultimately win new business.
Middle East data, research and analysis - from broad macroeconomic statistics to specific sector data, MEED Insight can help you accurately and cost effectively forecast market growth and trends.
MEED Events provide high profile speakers, relevant and critical business content and the latest news from across the GCC. With a portfolio that includes large-scale summits, two-day industry specific conferences and unique networking opportunities.
Site powered by Webvision
Share
