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FINANCIAL NEWS
UAE home finance prices in Tamweel’s portfolio rise 15% in H1
05 Sep 2012
(MENAFN) Tamweel, one of UAE’s top home finance firms, saw 10-15 percent increase in the sale prices of properties finance within its portfolio in Dubai and Abu Dhabi during the first six months of 2012, Emirates 24/7 reported.
The firm said sale price increases topped 15 percent in areas including Downtown Dubai, Arabian Ranches, Victory Heights, Emirates Hills, The Meadows, The Lakes, JBR, Palm Jumeirah, Dubai Marina, Jumeirah Village, Dubai Silicon Oasis, The Views, Business Bay and DIFC Area, in addition to increases of 10-15 per cent in Abu Dhabi’s Al Reef Villas, Golf Gardens, and Raha Gardens.
Tamweel reported also a 26 percent rise in home finance applications during the January-June period compared to a year earlier.
Tamweel expects UAE home finance transactions to hit 30 percent this year compared to 2011.
The company also forecasted home finance market to exceed USD2.2 billion this year.
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