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DUBAI / Reuters
The quality of real estate loans in the United Arab Emirates has continued to improve despite sliding home prices, the International Monetary Fund said, in a sign that the UAE is coping better with a real estate downturn than it did in the last slump seven years ago. The quality of loans to households – a measure of financial strain among home buyers – has been improving, with the ratio of non-performing loans dropping to 4.9 percent from 10 percent over the same period.As a result, falling property prices “do not appear to pose systemic risks for the financial sector,†the IMF concluded.