PHOTO
Dubai: Azizi Developments, one of the leading private developers in the UAE, is partnering with Dubai Islamic Bank, the UAE’s largest Islamic bank, to offer investors an exclusive property buying solution, called MyHome, across all of Azizi Developments’ projects.
MyHome simplifies the home buying process through a heightened degree of flexibility and affordability. Customers can choose payment plan options of up to 48 months at mortgage-like rates. Those opting for payment plans of up to 6 months will pay no charges. This solution addresses all types of payments towards home buying, allowing customers to budget payments to the developer, service fees, registration fees, bank processing fees, and much more.
Designed around their home buying needs, customers are granted the power of choice with a variety of benefits across the entire spectrum of the home buying journey. MyHome addresses needs beyond home financing; it provides security for customers’ families, wealth, and health, with a wide array of benefits.
Mr Farhad Azizi, CEO of Azizi Developments, said: “In consolidation of our customer-centric approach and in celebration of our recently-announced ‘Year of Construction,’ it is our privilege to partner with Dubai Islamic Bank, an esteemed institution, to offer interested parties financial solutions that will cover our full line-up of world-class residential choices.”
Mr. Varun Sood, Chief of Home Finance, Dubai Islamic Bank commented: As the largest home finance provider in the UAE, we continue to shape the dynamic skyline of the country and provide our customers with exclusive home finance offerings and a seamless experience around our flexible and value-driven offerings. Knowing our customers’ needs has been a key factor that helped us work successfully with our partners in the past. We are excited to expand our relationship with Azizi Developments through this unique proposition aimed at facilitating home finance ownership for the populous across the nation.”
Mr Farhad Azizi concluded: “Azizi Developments envisions and strives to offer its customers premium, affordable properties that yield high rental returns by delivering quality projects that appeal to different lifestyles. This partnership is in line with Azizi Developments’ belief that developers owe their customers timely handovers and quality properties in the same way that financing options are best handled by banks that specialise in offering customers optimal services and platforms, granting them opportunities and facilitated, flexible payment plans that a developer’s mortgage or collection teams may not have access to.”
For more information on MyHome, visit www.azizidevelopments.com or call 800-AZIZI.
-Ends-
About Azizi Developments
Azizi Developments is the real estate investment arm of Azizi Group, which was established in 1989. The company’s diverse experience in the international property market has enabled it to expand to include a portfolio worth over AED45billion in Dubai, with more than 200 projects under various stages of development.
Azizi Developments was awarded ‘Developer of the Year’ at the Construction Innovation Awards for three consecutive years in 2016, 2017 and 2018. The company is a keen advocate of the UAE Vision 2021 and has been instrumental in developing iconic properties in Meydan, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
About Dubai Islamic Bank
Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full service Islamic bank and the second largest Islamic bank in the world. The Bank currently operates around 70 branches and more than 550 ATMs across the UAE, is present in seven markets worldwide and is expanding its global footprint to further grow and develop the industry. Serving close to 1.9 million customers, DIB offers its growing consumer base an increasing range of innovative Sharia compliant products and services.
In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shari’ah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, as well as the most extensive and innovative portfolio of Alternate Distribution Channels. The launch of Panin Dubai Syariah Bank in Indonesia early in 2017 marks DIB’s first foray in the Far East, the bank owns a nearly 40% stake in the Indonesian bank. Additionally, in May 2017, Dubai Islamic Bank PJSC was given the license by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd.
The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. A clear indication of the bank’s leadership position in the Islamic finance sector, DIB has been named the Best Islamic Bank in the various prestigious ceremonies. Recognizing its outstanding performance amongst the world’s Islamic retail banks, the bank was recently named as the “Strongest Islamic Bank in the World” during the Islamic Retail Banking Awards 2018. Reflective of its leadership in the global Islamic finance industry, DIB has also been recognized with a number of accolades including Banker Middle East Awards, Dubai Service Excellence Scheme, Global Finance, The Banker and Islamic Finance News Awards.
For more information, please visit us at www.dib.ae.
For further information about Azizi Developments, please contact:
Tizian H. G. Raab
Head of Public Relations and Communications
M: +971 50 189 0150
Email: tizian.raab@azizidevelopments.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
