Saudi’s mortgage market to benefit from government tax move, says JLL

JLL has stated that Saudi Arabia’s mortgage market will likely maintain its momentum following the government’s recent move to exempt property deals...

Construction

Land plots and mortgages worth $1.52bn to be allocated to UAE citizens

A directive to allocate 3,000 land plots and mortgages worth a total of $1.52bn to UAE citizens has been issued by His...

Property

‘Affordable’ Dubai housing still too pricey – report

So-called “affordable” housing in Dubai is still too expensive for many low-earners, according to a report by real estate firm Core, the...

Property

Shares in Dubai’s Amlak soar on Emaar partnership talks

Shares in the Amlak Finance jumped by 15 percent on Monday after the Dubai-listed mortgage provider said it was in talks over...

Construction

UAE Central Bank won’t impose mortgage caps

[caption id="attachment_13804" align="aligncenter" width="480"] The governor of the UAE Central Bank has said that there have been no rulings issued about mortgage...

Construction

UAE banks to make formal proposal on mortgage caps

[caption id="attachment_13804" align="aligncenter" width="480"] UAE banks will ask the Central Bank to change mortgage limits which were introduced in December 2012.[/caption] RELATED...