More and more financial institutions and developers are set to enter UAE's booming real estate market, experts told Gulf News. Mohammad Nimer, general manager of MAG group's property development department, said most banks have "realised that the Dubai property boom is not a bubble."
On his part, Tamweel's business development head Hassan Bassam Ayoub believes the home financing market is growing more competitive. It should be mentioned that Emirates Islamic Bank started retail home financing about three months ago, the newspaper added.
