UAE mortgage assets set to hit $17bn by 2011
United Arab Emirates: Thursday, May 22 - 2008 at 07:07
A new report projects that the UAE's housing mortgage assets will double to Dhs64bn ($17bn) by 2011 from Dhs32bn in 2007. The companies that command the greatest share of the mortgage market in the UAE are Tamweel (34%) and Amlak (29%), according to the Damac Capital International report. The remaining 37% of the market is divided among 23 mortgage providers, primarily commercial banks, reported Gulf News.
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Jeff Florian, Senior ReporterThursday, May 22 - 2008 at 07:07 UAE local time (GMT+4)
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