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FINANCIAL NEWS
UAE’s property loans grows despite challenges
28 Jul 2016
(MENAFN) UAE’s real estate loans has continued to increase despite falling home prices, the International Monetary Fund said.
This results is a clear sign that the UAE is dealing effectively with a real estate downturn than it did in the last drop seven years ago.
In more detail, Dubai’s average residential real estate price decreased 11 percent in the previous year and in Abu Dhabi prices sank 0.8 percent.
Moreover, non-performing loans in the construction and real estate development industries down to 7.5 percent of the total at the end of March 2016.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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