UAE banks can currently lend as much as 20 per cent of customer deposits to the property industry The United Arab Emirates’ central bank is working on new rules that will loosen the cap on bank lending to the struggling real-estate industry. UAE banks can currently lend as much as 20 per cent of customer…
The draft law would also forbid landlords and their agents from collecting fees for administrative costs A new draft rental law has proposed that apartment rents should be fixed for a period of three years, according to local media reports. According to the Arabic-language Emarat Al Youm newspaper, a newly proposed draft rental law also stipulates that…
Contemporary Kitchens Brimming With Enduring Style From sleek cabinetry to sophisticated color schemes, contemporary kitchens blend modern design with a minimalistic aesthetic to create a distinctive look that transcends trends. Think flat front cabinetry, sleek fixtures, stone features, wood accents, and stylish tile. If you are hungry to learn more, our favorite contemporary kitchens will…
The CBUAE cut interest rates following the Fed’s decision to reduce rates by 25 basis points. The central banks of the UAE, Kuwait, Bahrain and Saudi Arabia late on Wednesday cut interest rates following the US Federal Reserve’s decision to reduce rates by 25 basis points earlier on Wednesday. The cut in interest rates will…
Owning a home is a keystone of wealth… both financial affluence and emotional security.