09 Oct 2011 - UAB Shakes up the UAE Mortgage Market with New Rate

Sharjah, UAE: United Arab Bank has again caused great excitement in the residential mortgage market by announcing its new unbeatable interest rate in the UAE.

With an interest rate of 3.99%, this is a welcome addition to the mortgage landscape for customers who are looking for a sensible alternative to bring down their monthly commitments. UAB offers this product to Salaried and Self Employed UAE Nationals as well as Expatriates with Conventional and Islamic financing options.

Paul Trowbridge, Chief Executive Officer, United Arab Bank stated: "UAB remains committed to supporting the economic development of the UAE and its community. Today's announcement is another step towards supporting the recovery of the UAE real estate market from both consumer and developer perspectives. The Bank is rapidly establishing itself as a key player in the UAE home finance sector."

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