Developer Tameer has agreed a deal with Dubai Islamic Bank (DIB) covering the provision of home loans to buyers of properties at a number of projects across Dubai.
“The contract sees two of the UAE’s leading institutions come together in a strategic partnership that will facilitate the home buying process for both householders and investors,” said a spokesman.
DIB, which offers Sharia-compliant financial products and services, will provide finance to buyers at five Tameer projects – Princess Tower and Elite Residence at Dubai Marina, the Palace Towers at Dubai Silicon Oasis, the Imperial Residence at Jumeirah Village and the Regal Tower at Business Bay. There are plans to add the company’s other Business Bay project, the Silver Tower, to the list.
“We are pleased with the confidence that DIB has shown in us and in our vision for the continued development of the region’s property sector,” said Tameer President Omar Ayesh.
“At Tameer we are all about building true homes and the support of institutions of this calibre resonates with that vision. We are proud to join hands with DIB in helping homebuyers realise their dreams.
“Our alliance with the UAE's leading intermediaries not only reflects the growing maturity of Tameer as one of the region's most noteworthy realty company's but also displays the high level of confidence our organisation has garnered from our industry peers.”
Nasser Al Awadhi, Dubai Islamic Bank’s Senior Vice-President and Head of Branches, said: “It is with great pleasure that we welcome Tameer to join our panel of approved developers. A partnership such as this holds several benefits
for all involved and we look forward to enabling our mutual customers to achieve their dreams of having their own homes.”
Tameer signs deal with DIBank