The UAE mortgage market is expected to surge by some 50 percent this year as investor confidence grows in the wake of new property laws implemented in Abu Dhabi and Dubai which have boosted the real estate sector in the region.
The market, said a senior officer of home finance giant, Tamweel, may reach Dh12 billion, up from Dh8 billion as a result.
A growing number of mortgage products will likely be offered by Tamweel and other market players to suit an increasing range of buyers, added Adel Al Shirawi, Chief Executive Officer of Tamweel, according to Khaleej Times.
