Financial news from the UAE and around the world

Tuesday, April 15, 2008

UAE Mortgage Market Expected to Leap This Year

By the end of this year, expert foresee a leaping success of the UAE Mortgage Market.
This is due to the rising popularity in house financing sector.




Addressing the problem of understanding GCC clients’ customs and how best to meet their needs, Gray said advisors who make assumptions about the needs of GCC families based on preconceived notions about GCC demographics will miss the mark. She said wealthy GCC families face particular challenges since much of their wealth is relatively new and there are new generations coming up in a globalized world.

Gray noted the GCC is made up of six countries with different economies and different cultures and emphasized that financial advisors need to take time to understand each country’s characteristics and each family’s dynamics.

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