Emirates Mortgage Guarantee Corporation (EMGC)
Economist calls for creation of mortgage insurance entity
Mon, 2011-03-21 11:28 — newsdeskCites risk averse mode of banks and lack of developed credit bureaus in the UAE.
The recomandation of Dubai Dr Nasser Saidi, chief economist of the DIFC Authority, is to establish an Emirates Mortgage Guarantee Corporation (EMGC) that would provide up to 30 per cent of the mortgage value and support the gap in the UAE mortgage market.
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