Jul 13 2011 |
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Tamweel expands portfolio with launch of two new products
Non-residents Programme offers home finance to overseas buyers
Home Refinance Programme to unlock value of fully paid properties
Through the Non-residents Programme, finance is available for ready residential properties in Abu Dhabi and Dubai up to a maximum value of AED 5 million and with a repayment tenure of up to 25 years. The product is open to salaried individuals from select countries.
With this announcement, Tamweel becomes the only local finance company to cater to non-residents. The launch of the Non-residents Programme follows the recent announcement of the Federal Cabinet to extend visas for non-resident property buyers to three years from the current six months.
Tamweel also launched its Home Refinance Programme which allows salaried and self-employed owners of fully paid properties to acquire finance for up to 50 per cent of the value of their home.
For further information regarding home finance solutions from Tamweel , customers may visit the company's branches at Business Avenue building in Deira, Dubai, and at the Marina Mall in Abu Dhabi. Customers may also contact the company by calling its call center on 800-TAMWEEL (8269335) or via its website: www.tamweel.ae
-Ends-
About
Tamweel
PJSC:
Tamweel
PJSC is a provider of real estate finance in the UAE.
Tamweel
was established in March 2004, became a public joint stock company in June 2006 and was listed on the Dubai Financial Market in July 2006.
For more information, please visit www.tamweel.ae
For further information on
Tamweel
, please contact:
Nicholas Nesson / Liam Turner
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3344 550
Fax: 971-4-3344 556
E-mail: n.nesson@asdaa.com / l.turner@asdaa.com
© Press Release 2011
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