Business

Emaar Development, the global developer, has actually partnered with Noor Bank, a leading Shari'a- compliant bank in the UAE, to offer an exclusive, fast-track residence financing program for UAE locals and also international investors.

Noor Financial institution's Shari'a certified financing offer will supply guaranteed house financing of as much as AED 5 million for financiers with extensive tenor of as much as 25 years covering 50 percent of the total worth of off-plan property in Dubai at best in class rates.

The facility is available across a comprehensive series of residences in Midtown Dubai, Dubai Creek Harbour, as well as Dubai Hills Estate that are offered for sale with a 50:50 layaway plan. Financiers only have to pay 50 percent before handover with the continuing to be 50 percent to be paid comfortably with the home finance offer by Noor Financial institution, upon handover.

Ahmad Al Matrooshi, Taking Care Of Director of Emaar Feature, said: "Dubai's strong fundamentals make financial investment in the city's realty industry a promising worth suggestion for capitalists. With considerable rate of interest among global investors in acquiring Emaar's residences in Dubai, the new guaranteed home loan for migrants and worldwide investors will certainly make their residence funding requirements uncomplicated. The funding program is readily available for houses in some of one of the most desirable destinations in the city including in Downtown Dubai, Dubai Creek Harbour and also Dubai Hills Estate, which are conveniently located as well as have first-rate features that contribute to the quality of life of the citizens."

Mufazzal Kajiji, Head of Retail Financial of Noor Financial institution, said: "Noor Bank's home financing collaboration for Emaar's investors is a landmark progression. Noor Bank is devoted to providing innovative Shari'a- certified residence financing options, and also supplying unmatched benefit, flexibility and worth to the financiers targeting financial investments in renowned Emaar projects. We are confident that this partnership will certainly additionally go a long way in positively contributing to the future growth of the property industry in Dubai."

Girish Advani, Head of Possessions, Retail Banking of Noor Bank, said: "We are extremely pleased with this collaboration with Emaar. As Dubai highlights its qualifications as a worldwide investment hub drawing in countless financiers every year, we have curated an attractive proposition permitting locals as well as non-residents to protect sufficient home financing services for a wide variety of Emaar tasks in Dubai."

Noor Home finance solution for Emaar is open for all locals in the UAE and worldwide capitalists who are less than 65 years of age. The unique program permits salaried and self-employed investors to obtain fast funding of up to 50 percent of the overall worth with hassle-free documents.

Dubai supplies the most competitive rates for costs residences compared to international cities. Downtown Dubai is among one of the most desired destinations by investors underlined by icons such as Burj Khalifa, The Dubai Mall, The Dubai Water Fountain and also Dubai Opera. Dubai Creek Harbour is a one-of-its-kind contemporary master-planned location situated along the historic Dubai Creek in the heart of the city, as well as secured by the new worldwide icon, Dubai Creek Tower, along with including Dubai Square, the retail metropolis of the future. Dubai Hills Estate is a substantial and tranquil golf course area in the heart of the city that is likewise home to the Dubai Hills Shopping Center.

For details on Emaars residential offering, customers can visit the Emaar Sales Centre at Downtown Dubai, Dubai Creek Harbour Sales Pavilion in Ras Al Khor, Dubai Hills Estate Sales Pavilion on Umm Suqeim Road, Emaar South Sales Centre, and the Emaar Sales Centre in Abu Dhabi at the Al Nahda Tower on 4th Street, Corniche. All the sales centres are open from Saturday to Thursday, 9.30am to 7pm, and on Fridays from 2 to 7pm in Downtown Dubai and Dubai Hills Estate only. For more information, call 800 36227 (UAE) or +9714 3661688 (International); or email: Sales_Enquiry@emaar.ae. Also, visit the online sales centre at www.emaar.com

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