The National Bank of Abu Dhabi ( NBAD ) has this week announced a scheme allowing UAE natives and the local Egyptian expat population to purchase properties in Egypt using bank loans . Egypt"s property market is currently growing and a UAE representative noted that there had been a " significant demand " for Egyptian property from current UAE residents ; Egypt hopes to attract $ 60bn of foreign investment over the next four years . However, they may also purchase from developers who are not listed, as long as these developers meet the criteria. The loans , which are expected to come with high interest rates , are dependent on income and the repayment period is set at a maximum of ten years .
The National Bank of Abu Dhabi ( NBAD ) has this week announced a scheme allowing UAE natives and the local Egyptian expat population to purchase properties in Egypt using bank loans . Egypt"s property market is currently growing and a UAE representative noted that there had been a " significant demand " for Egyptian property from current UAE residents ; Egypt hopes to attract $ 60bn of foreign investment over the next four years . The loans , which are expected to come with high interest rates , are dependent on income and the repayment period is set at a maximum of ten years .