Central Bank issues mortgage relief measures for UAE nationals — residential borrowers
The Central Bank of the UAE (CBUAE) has issued a notice outlining measures to ease the burden of rising interest rates on residential mortgage loans for UAE nationals. The measures apply to all UAE nationals with existing or new residential mortgages. UAE nationals and lenders should review the notice for specific relief provisions and compliance requirements.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Residential mortgage borrowers and lenders must review the CBUAE notice to understand applicable relief measures and any required actions or documentation.
Source
“The Central Bank of the UAE (CBUAE) has issued a notice outlining measures to ease the burden of rising interest rates on residential mortgage loans for UAE nationals.”
— Central Bank of UAE, 4 Jul 2023
Source: Central Bank of UAE — official 4 Jul 2023 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Residential mortgage borrowers and lenders must review the CBUAE notice to understand applicable relief measures and any required actions or documentation.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
4 Jul 2023.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/cbuae-issues-notice-outlining-measures-taken-to-alleviate-burden-of-rising-interest-rates-on-residential-mortgage-loans-for-uae-nationals/
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