UAE: Can a travel ban be imposed over outstanding loans?

UAE: Can a travel ban be imposed over outstanding loans?

I plan to liquidate some of my assets back home, but that will take some time

Published: Sun 17 Apr 2022, 10:41 AM

Question: I am a Dubai resident and recently lost my job. I have an outstanding personal loan amount of Dh30,000 and some credit card dues. I plan to liquidate some of my assets back home, but that will take some time. Will I be given this time on humanitarian grounds? If not, what legal action will I face?

Response: Pursuant to your queries, the provisions of Central Bank of UAE Regulations No. 29/2011 related to Regulations Regarding Bank Loans & Services Offered to Individual Customers (the ‘Central Bank of UAE Regulation No. 29 of 2011’); Notice No. 3692/2012 of Central Bank of the UAE pertaining to General Terms & Conditions and Loan Agreements texts drafted and approved by Emirates Bank Association (the ‘Loan Agreements Formats Approved by Central Bank of UAE’); Resolution of the Cabinet No. 33 of 2020 Amending Certain Provisions of Resolution of the Cabinet No. 57 of 2018 on the Regulations of the Federal Law No. 11 of 1992 on the Civil Procedure Code (the ‘Cabinet Resolution No. 33 of 2020); and the Resolution of the Cabinet