Financial Times FT.com

Mortgage lenders await upturn

By Robin Wigglesworth

Published: July 29 2009 16:57 | Last updated: July 29 2009 16:57

Dubai skyline

The Gulf has largely avoided the writedowns of repackaged subprime mortgages that unleashed such havoc on global financial markets last year. But instead, the nascent local mortgage industry has been hit by a slump in domestic property.

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