In an exciting development for property seekers in the UAE, DAMAC Properties has joined forces with Abu Dhabi Islamic Bank (ADIB) to deliver innovative home financing solutions for off-plan properties.
This strategic collaboration between DAMAC and ADIB allows residents in the UAE to secure mortgages for their dream properties, once the project construction hits 35% completion. This new financing flexibility is a significant step towards making homeownership more attainable for many in the region.
For those eager to capitalize on the booming real estate market, this customer-centric solution provides a unique opportunity to invest in off-plan properties without the immediate financial burden. As Amira Sajwani, Managing Director of Sales and Development at DAMAC Properties, states, “This is a game-changer for DAMAC, for residents and investors in the UAE. A trusted partner like ADIB is essential in bringing innovative and accessible home financing solutions to the market. It is also a testament to our unwavering commitment to making homeownership a reality for many residents.”
The collaboration highlights a shared vision between the two entities to redefine the landscape of property investment in the UAE. Elie Hayek, Head of Home Finance at ADIB, commented, “At ADIB, we are dedicated to pioneering innovative home financing solutions that empower investors and contribute to the growth of the real estate market in the UAE. Our collaboration with DAMAC Properties exemplifies this commitment.”
Such strategic initiatives reflect the dynamic nature of the UAE’s real estate sector. The introduction of this financing plan underscores the potential for enhanced affordability and flexibility in property investment. This opens doors for investors, offering them the ability to pursue their investment goals without being hindered by financial constraints.
The impact of this partnership is likely to resonate throughout the property market, potentially setting new standards for financial flexibility and accessibility in the region. As DAMAC leads this initiative, other developers might follow suit, further transforming opportunities for property ownership across the UAE.
Overall, DAMAC and ADIB’s partnership heralds a new era of accessibility in the UAE’s property market, offering a promising avenue for those looking to make their property ownership dreams a reality.
Source: Keltandcorealty
