25.01.2011 - Dubai: Tamweel to offer cheapest mortgage rates in country
From Thenational.ae: Tamweel is aggressively pushing back into the mortgage market after being frozen for two years by the financial crisis and restructuring plans by the Dubai Government. The Islamic home finance company yesterday revealed a new programme to offer loans with a 4.99 per cent interest rate on some properties, making it the lowest in the UAE. The offerings will also be available in the capital, putting Tamweel in direct competition with Abu Dhabi Finance (ADF), a mortgage company part-owned by several developers and Mubadala Development, a strategic investment company owned by the Abu Dhabi Government..............................................Full Article: Source
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