Real Estate

Emaar Development, the worldwide programmer, today announced its partnership with Dubai Islamic Financial Institution, the UAE's biggest Islamic Bank, to supply a special and value-added home financing programme for Emaar's customers. Ensuring phenomenal value for financiers, the house funding is one of the most attractive and uncommon in the market today for its cost and potential to gain greater than 10% roi.

Amit Jain, Group Chief Executive Officer of Emaar Features and also Dr. Adnan Chilwan, Group Chief Executive Officer of Dubai Islamic Bank, were present amongst other senior authorities of both entities at the finalizing ceremony in Dubai.

With the new residence funding solution, owning a house Emaar's first-rate residences in elegantly developed master-planned neighborhoods, is much more cost effective than ever. Amongst a number of advantages, clients can gain from prolonged 25-year financing, with no percent financing expense for the initial five years. Capitalists and end-users will certainly take advantage of the lowest margin throughout the home-finance tenure at 3-month EIBOR plus 1 per cent fixed margin forever. They also take advantage of zero handling cost, no valuation charge and also no Dubai Land Department registration fee.

In addition, customers only have to pay 50 percent of the overall rate throughout the building and construction phase with the remainder to be paid just in up to 25 years. With the attractive offer by Dubai Islamic Financial institution, clients will just need to pay installations as reduced as AED 2,500 monthly when they buy a property valued at AED 2.5 million, as well as practically AED 1000 per month for a property priced AED 1 million for the initial five years.

The monthly instalments are much less than 40 percent of the rental fee that many individuals pay today for similar devices, guaranteeing that they can easily move from rental homes to an owned-home way of life, in Emaar's respected neighborhoods in Dubai. For end individuals, the regular monthly residence finance payment will certainly be lowered by to a minimum of 60% of their regular monthly rental for a comparable residential property during the first five years.

Bader Hareb, CEO, Emaar Advancement said: "The collaboration with Dubai Islamic Bank for house financing is really unprecedented in the worth it offers to consumers. Large month-to-month instalments were keeping back several aspirant clients from investing in residential property; currently with the extremely reduced repayment timetable, they can possess a desire residence in Dubai easily and enjoy a superior lifestyle. At Emaar, we are dedicated to providing added-value for our customers, and also with this offer, they can take advantage of the substantial returns on their investments in an Emaar house in Dubai."

Emaar has been the pioneer in the development of elegant master-planned communities in Dubai over the years, said Dr. Adnan Chilwan, Team CEO DIB. "With DIB being the biggest residence money company in the nation, our unique house financing program for Emaar's clients supplies several of one of the most appealing home financing solutions on the market today. Convenience, flexibility as well as worth remain our leading concerns as we aim to enable and help with own a home in Emaar's areas for the populous across the country. Recognizing what our customers desire and customizing and personalizing products and also offerings around their needs has actually been an essential emphasis for many years, as well as this new residence finance campaign with Emaar is another action that will help us as DIB keep the side in the industry."

Customers can choose their desire residence from a considerable portfolio of growths including Midtown Dubai, a most in-demand location by investors underscored by symbols such as Burj Khalifa, The Dubai Mall, The Dubai Fountain and Dubai Opera. Dubai Creek Harbour is another one-of-its-kind contemporary master-planned location located along the historic Dubai Creek in the heart of the city, and also anchored by the brand-new worldwide symbol, Dubai Creek Tower, as well as featuring Dubai Square, the retail metropolis of the future.

Emaar is also supplying an option of residences throughout mega-developments such as Dubai Hills Estate, a large and tranquil fairway area in the heart of the city; Emaar South, a green neighborhood located near the Expo 2020 Dubai site as well as the Al Maktoum International Airport and Arabian Ranches, a well-known rental property area.

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. The centres are open from Saturday to Thursday, 9.30am to 7pm, and on Fridays from 2pm to 7pm at the Emaar Sales Centre in Downtown Dubai 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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