UAE banks’ lending to the real estate sector grew by 7.4 per cent in 2020, slower than 7.9 per cent recorded in the previous year, according to the Central Bank of the UAE. Photo: Allsopp & Allsopp
UAE banks’ lending to the real estate sector grew by 7.4 per cent in 2020, slower than 7.9 per cent recorded in the previous year, according to the Central Bank of the UAE. Photo: Allsopp & Allsopp

Business

Banking

UAE Central Bank launches framework to improve oversight of real estate lending

The new regulations will take effect on December 30, with a year-long observation period for banks to improve internal policies

Deepthi Nair
Deepthi Nair

December 20, 2021