Abu Dhabi Commercial Bank is no longer providing mortgages to homebuyers in Hydra Village, a project by Hydra Properties, which is based in Abu Dhabi.
ADCB was the main mortgage provider to the project, which is facing a two-year delay.
'For every developer and project, we have a pre-decided limit on the amount of exposure we take on,' said Arup Mukhopadhyay, the head of retail banking at ADCB.
'It is a case of not putting our eggs in one basket. Hydra has reached that limit, and we will not take on any new mortgage cases.'