Azizi Developments partners with Dubai Islamic Bank and other leading financial institutions

The most recent agreement has been formed with its long-standing partner Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE.

  
Left - Mr. Varun Sood, Chief of Home Finance, Dubai Islamic Bank_Right -Farhad Azizi, CEO of Azizi Developmennts

Left - Mr. Varun Sood, Chief of Home Finance, Dubai Islamic Bank_Right -Farhad Azizi, CEO of Azizi Developmennts

Dubai:  Azizi Developments, a leading private developer in the UAE, has signed partnership agreements with several leading banks in the region to offer its customers customised financing solutions.

The most recent agreement has been formed with its long-standing partner Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE.

Through Azizi’s agreement with DIB, those interested in investing in property  can now avail customised finance solutions that are tailored exclusively for Mina, the developer’s luxury residential development on the east crescent of the iconic Palm Jumeirah, and Riviera, its 71-building French-Mediterranean-inspired community project in the heart of Mohammed bin Rashid City. Customers benefit from 4-year post-handover payment plans, 50% DLD waivers, free service charges for two years, a MyHome credit card to budget the extras, and much more.

Moreover, the developer has signed partnerships with several other financial institutions, including First Abu Dhabi Bank (FAB), Commercial Bank International (CBI), United Arab Bank (UAB), Bank of Baroda (BOB), Arab Bank, Sharjah Islamic Bank (SIB) and Ajman Bank, while also having established strong banking relationships with other leading institutions, including Mashreq, Abu Dhabi Commercial Bank (ADCB), The National Bank of Ras Al-Khaimah (RAK Bank), Abu Dhabi Islamic Bank (ADIB), Noor Bank, Commercial Bank of Dubai (CBD), National Bank of Fujairah (NBF), Emirates NBD and Emirates Islamic Bank (EIB), allowing Azizi’s customers to benefit from previously-unseen, tailored financing options.

Mr. Farhad Azizi, CEO of Azizi Developments at Azizi Developments, commented: “We are delighted to partner with some of the region’s leading banks to offer our customers innovative financing solutions that enable them to own their dream home with ease. With this wide array of outstanding mortgage options covering most of our world-class residences, these partnerships were established as part of our pursuit to be the most customer centric developer in the UAE and beyond.”

“This partnership is also in line with Azizi Developments’ belief that financing options are best handled by banks that specialise in offering optimal services and platforms, granting investors opportunities and facilitated, flexible payment plans that a developer’s mortgage or collection teams may not have access to, while developers owe their customers timely handovers of quality properties”, Mr. Azizi added.

Launched in 2015 and headed by Mrs. Dalsi Rashou, Azizi Developments’ dedicated mortgage department has been helping investors and end-users find and secure the best, most suitable home financing solutions, tailored to their individual requirements.

-Ends- 

About Azizi Developments

Azizi Developments is a leading developer based in Dubai, UAE. With thousands of homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai’s most sought-after residential destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi’s residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalysing the vision and development of the markets that it operates in.

Azizi currently has 54 ongoing projects that are to be delivered between 2020 and 2023, and an additional 100+ projects in planning, worth several billion US dollars, that are projected to be delivered between 2023 and 2025. The company has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai’s key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.

For further information about Azizi Developments, please contact:
Tizian H. G. Raab
Head of Public Relations and Communications
M: +971 55 867 3606
Email: tizian.raab@azizidevelopments.com 

© Press Release 2020

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