Emirates Islamic Launches Home Finance Solutions for Non-residents

In line with its commitment to provide customers with a variety of eye-catching Shari'a- certified financing products, Emirates Islamic, one of the leading Islamic banks in the UAE, today announced the launch of house financing services in order to help non-residents acquire residential property in the UAE. Investors staying in Kuwait, Oman, Bahrain, Saudi Arabia, India, the UK, China, Hong Kong and also Russia could make use of fund approximately 50% of their UAE home value for a 25 year period at eye-catching profit rates.

Emirates Islamic revealed the new house money service during its participation in the lately held 2nd version of Dubai Land Division's Dubai Residential or commercial property Show in Shanghai.

Wasim Saifi, Deputy CEO - Customer Banking as well as Wide Range Monitoring at Emirates Islamic said: "We are extremely delighted to introduce home finance solutions to non-residents, helping them take the first step towards owning a property in the UAE. Dubai remains one of the worlds top destinations for second-home owners and investors alike. Through initiatives such as the Dubai Land Departments Dubai Property Show and the availability of financing options, overseas investors will find it much easier to realise their dreams of purchasing a property in Dubai.

Along with attractive rates, consumers making an application for house money could additionally gain from fast-tracked paperwork.

The launch is lined up with the financial institution's method to expand its retail financial proposition and deliver an exceptional client experience throughout its client base.