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Wasim Saifi, Group CEO, Tamweel |
Tamweel, the largest provider of real estate finance in the UAE, has received an extremely enthusiastic response to its finance offers at Cityscape Dubai 2008 that includes more than 470 registrations for property on the first day of the event, demonstrating the health of the market for well-priced properties.
Wasim Saifi, Group CEO, Tamweel, said, "Following the conclusion of the first day of the event and the record response to our finance offers, we remain more convinced than ever that the fundamentals of the market here remain extremely sound. We are still a good 3 years away from supply-demand equilibrium in the Dubai market and the appetite for well-priced properties remains unabated."
Despite challenging conditions globally, investors and end-users responded strongly to Tamweel's offer of up to 90% finance for visitors who register for a pre-approval facility at the company's exhibition stand. There were no arrangement fees upon registration on select Tamweel Properties.
