70 per cent of the mortgage market is shared by the two major players, said Adel Al Shirawi, Chief Executive Officer of home financing giant, Tamweel.
However, as a result of increased clarity and a legal framework for property ownership in the UAE, according to Khaleej Times, more players in the mortgage business, including several leading banks, will likely enter the sector in the near future as lucrative returns present themselves.
Tamweel is currently one of the two major players, added Shiraqi.
