International Property Investment » loan defaulters in dubai http://internationalpropertyinvestment.com Property Investment around the World - Buying Investment Properties Mon, 30 Apr 2012 18:28:08 +0000 en hourly 1 admin admin International Property Investment Blog No No UAE considers new laws to prevent Ex-pats from leaving after loan defaults http://internationalpropertyinvestment.com/uae-considers-new-laws-to-prevent-ex-pats-from-leaving-after-loan-defaults http://internationalpropertyinvestment.com/uae-considers-new-laws-to-prevent-ex-pats-from-leaving-after-loan-defaults#comments Mon, 23 Mar 2009 12:39:45 +0000 admin http://internationalpropertyinvestment.com/?p=2154 The UAE Central Bank is considering tough measures including setting up a Dispute Resolution Committee to look into cases against loan defaulters, in a bid to help lenders ride out the current economic situation. Defaulters could find themselves blacklisted - which in the case of foreigners will also include them being prevented from leaving the country. A blacklisted person could face a number of difficulties in either working, doing business in the UAE, or seeking future finance.

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