DUBAI, UAE: Deyaar Development PJSC has partnered with Dubai Islamic Bank (DIB) to benefit from the bank’s attractive and customised home financing solutions to help ease home ownership of Deyaar’s flagship Midtown project.

Deyaar is one of Dubai’s leading property developers and real estate service providers, while DIB is the largest Islamic Bank in the UAE.

Future Midtown development home owners can benefit from DIB’s tailor-made home financing plans that are designed to provide a hassle-free and happy home buying experience. The solutions will enable Midtown customers to make full payment on handover of their property through flexible home financing programs, with monthly installments up to 25 years with options to further extend their home payments at competitive rates and discounted processing fee from DIB.

Speaking on the collaboration, Saeed Al Qatami, CEO of Deyaar, said: “The timing has never been better for a financing partnership of this kind, with handover of Midtown’s Afnan District ongoing and Dania District set for completion soon. We are pleased to be partnered with Dubai Islamic Bank to make owning your dream home easier than ever in our flagship project.”

Varun Sood, Chief of Home Finance at Dubai Islamic Bank, said: “Dubai Islamic Bank, being the most trusted and experienced Sharia-compliant lender in the region and a leading Home Finance provider in the country, welcomes this opportunity to partner with a reputable and quality focused developer like Deyaar. We are constantly striving to provide customers with a hassle-free and happy home ownership experience, and work hand-in-hand with them all through their home-buying life cycle. Reflective of this philosophy is our new positioning “Experience the Happy Way Home” which is built around not just realizing the life-long dream of home ownership, but also doing so in the most convenient and pleasant manner.”

Handover of Afnan District, the first of six districts within Deyaar’s Midtown integrated urban development, began in early November. Located in Dubai Production City near Sheikh Mohammed bin Zayed Road, Midtown is designed with community living in mind, creating a family-friendly environment complete with a wide range of amenities.