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|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.

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“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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