NBAD (NBAD) has this week launched a scheme allowing UAE natives and the country"s Egyptian expat population to purchase properties in Egypt using bank loans. Egypt"s property market is currently expanding and a UAE representative noted that there had been a "significant demand" for Egyptian property from current The National Bank of Abu Dhabi citizens; 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 this week .
The National Bank of Abu Dhabi (NBAD) has this week launched a scheme allowing UAE natives and the country"s Egyptian expat population to purchase properties in Egypt using bank loans. Egypt"s property market is currently expanding and a NBAD representative noted that there had been a "significant demand" for Egyptian property from current UAE citizens; 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.