Financial services
UAE banks to enforce mandatory loan-holding period from January 2027 The UAE banking sector is moving towards introducing new regulations governing the transfer of customers' outstanding loans between banks from January 1, 2027, requiring borrowers to remain with their original lender for a specified period before switching to another bank
What to do: Borrowers planning to transfer outstanding loans must do so before January 1, 2027, or comply with new mandatory holding periods and minimum instalment-payment requirements once the rules take effect. — by 1 Jan 2027
Source: Gulf News
Real estate
RAK introduces new real estate development law, effective September 2026 Ras Al Khaimah has introduced a new framework for real estate development under Law No. 10 of 2026 (the "Amended Law"), replacing Law No. 12 of 2023. Issued on 21 July 2026 and taking effect 60 days from issuance, the Amended Law applies to real estate development projects across Ras Al Khaimah, including RAK Economic Zones.
What to do: Developers with active real estate projects in RAK must review and update existing off-plan sale agreements, default procedures, escrow arrangements, sub-developer contracts, and sale documentation to comply with Law No. 10 of 2026 before it takes effect 60 days from 21 July 2026.
Source: Mondaq
Corporate
ADNOC retires H1/L1 model, introduces 70/30 blended ICV weighting from November 1 Effective from the 1st of November, we will retire H1, L1 and we will introduce a new ICV methodology, a blended weight where the commercial will represent 70 per cent and the ICV 30 per cent
What to do: ADNOC suppliers must update their bidding strategies and compliance frameworks to align with the new 70/30 blended weighting model effective November 1. Suppliers should review contract thresholds (2M and 50M AED) to confirm applicable requirements.
Source: Gulf News