|25 September, 2018

UAE-based Emirates Islamic unveils home finance solutions for non-residents

Customers can avail finance up to 50% of their UAE property value for a 25 year period

Dubai Marina skyline in the United Arab Emirates. Image used for illustrative purpose.

Dubai Marina skyline in the United Arab Emirates. Image used for illustrative purpose.

Getty Images/Easyturn
Dubai: Emirates Islamic has announced the launch of home finance solutions aimed at helping non-residents purchase property in the UAE.

The new solutions offer investors from Kuwait, Oman, Bahrain, Saudi Arabia, India, the UK, China, Hong Kong, and Russia finance equal to 50% of the value of their properties in the UAE for a 25-year tenure at competitive profit rates, according to a company statement released on Tuesday.

“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,” Emirates Islamic’s deputy CEO for consumer banking and wealth management Wasim Saifi commented.

The Islamic bank presents to non-UAE-residents the leisure of fast-tracked documentation, the statement revealed.


“Through initiatives such as the Dubai Land Department’s 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,” Saifi said.

Source: Mubasher

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