05.09.2012 - Tamweel sees 30pct rise in UAE mortgage deals
Islamic lender Tamweel on Tuesday said UAE home finance transactions in 2012 were likely to be 30 percent higher than in 2011, adding that it estimates that the home finance market will surpass AED8bn ($2.17bn) this year. It also said it has seen a 26 percent increase in home finance applications in the first half of 2012 as compared to the same period last year. Tamweel said in a statement that prices of UAE real estate that it has financed over the past 18 months has increased by between 10-15 percent.............................................Full Article: Source
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