AED 33.5 Billion Facility for Real Estate Sector in the UAE

Dubai - Al Arab Al-Youm

The total value of financial facilities acquired by the real estate and construction sector in the UAE reached AED 300.5 billion at the end of the first quarter of this year, a growth of 12.5% ​​and an increase of AED 33.5 billion With loans amounting to 267.02 billion dirhams in the same quarter of 2017.

The loans received by the sector at the end of March constitute about 20.3% of the total loans provided by the banking system to all economic activities in the country, Central Bank of the UAE 1.472 trillion dirhams.

The continued provision of funding to the sector of the young And construction by the banking system in line with the overall renaissance of the UAE, which is now ranked among the best in the world in terms of infrastructure, and provides urban facilities that meet all the needs of residential and recreational tourism.

(19659003). The statistics revealed that the total balance of funds received by the sector amounted to 267.02 billion dirhams in March of 2017 w Rose to AED 281.21 billion in July of the same year.

The total balance of funds reached AED 295.2 billion in September 2017 before rising again to AED 298.12 billion at the end of the year and then jumping to 300.5 billion dirhams Billion dirham at the end of the first quarter of 2018.

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