The Central Bank is seeking to promote the proper development, organization and regulation of the mortgage loans market in the United Arab Emirates (UAE).

In introducing these Regulations the Central bank wishes to ensure that banks, finance companies and other financial institutions providing mortgage loans to UAE nationals, GCC nationals and expatriates do so in accordance with best practice.

The Central Bank is also seeking to ensure that financial institutions have and maintain effective business standards and control frameworks in place for the granting of mortgage loans

These Regulations make a distinction between loans to owner occupiers of residential property and investors in residential property since the risk profile and due diligence required is distinctly different for each type of borrower