Abu Dhabi – Mubasher: Banks operating in the UAE have upped their loans provided to the real estate and construction sector by AED 25.4 billion ($6.92 billion) in a year period ended 30 June.
During the first six months of 2018, the UAE banks increased their finance to the sector by about AED 8.5 billion to reach AED 306.6 billion at the end of June, according to a report released by the Central Bank of the UAE (CBUAE).
Banks hiked loans to the real estate and construction sector to AED 306.6 billion in June from AED 211.5 billion in September 2014.
