Banks Said to Ask for 30-Day Delay on U.A.E. Mortgage Caps

Banks Said to Ask for 30-Day Delay on U.A.E. Mortgage Caps

Duncan Chard/Bloomberg

The central bank issued new rules on Dec. 30 that restricted mortgages for expatriates to 50 percent of the value of the property for a first home and to 40 percent for the second.