DUBAI, 28 June 2006 — Tamweel, UAE’s leading provider of home finance organized a one-day workshop to explore various facets of the real estate sector in the UAE, shedding light on the property market buoyancy and its future outlook.
The one-day workshop, organized and hosted by Tamweel at Park Hyatt Dubai, involved some of the leading real estate agencies in the UAE. The luncheon forum discussed issues that impact the UAE real estate industry as well as the burgeoning home mortgage sector.
The deliberations discussed industry trends, including the evolution of new business models as well as factors important for real estate agencies to be successful in the future. It analyzed the demand and supply of quality mortgage finance products and Tamweel’s role in revolutionizing the sector since its inception.
“The forum, another industry first by Tamweel, was a very educative and informative gathering involving the top real estate companies in the country. It provided an a deeper understanding of the sector, its future outlook and how educating and counseling consumers will result in more qualified homebuyers, helping turn prospective buyers into real ones, and assisting consumers enter the first rung of the homeownership ladder,” Tamweel CEO Adel Al-Shirawi, said.
“During the workshop, we received vital feedback from the real estate agencies, which will play a pivotal role in shaping our future products, promotions and initiatives. We also discussed on the world-class residential projects currently under way in the UAE and growing property market in Abu Dhabi as well as Tamweel’s success and the massive untapped potential for quality finance products,” he said.
Tamweel, which is set to be listed on the Dubai Financial Market (DFM) soon, plans to focus on further strengthening its mortgage loan portfolio and bring in a range of new products as its strength lies in its network and product lineup.
