Cooperation between the National Bank of Umm Al Quwain and Deyaar Development to provide housing financing solutions
Umm Al Quwain, 10 February / WAM / The National Bank of Umm Al Quwain and Deyaar Development Company signed a strategic cooperation agreement aimed at providing housing financing solutions to buyers of units in the “Aya Beachfront Residences” project, the first residential project launched by Deyaar Development Company in Umm Al Quwain, which contributes to supporting home ownership opportunities and enhancing investment in residential projects overlooking the waterfront in the emirate.
The agreement aims to provide competitive financing and mortgage solutions to qualified customers wishing to purchase units within the project, while providing flexible financing options that meet the needs of users and investors, thus enhancing the demand for high-quality residential projects and supporting the growth of the real estate sector in the emirate.
The agreement comes within the framework of the bank’s strategy aimed at supporting the real estate sector in the UAE by providing responsible and innovative financing products. It is also consistent with Deyaar Development Company’s vision of implementing quality residential projects in promising locations with high growth potential.
Mr. Adnan Al Awadhi, CEO of the bank, said that the partnership with Deyaar Development Company reflects the bank’s role as a reliable financial partner in supporting quality real estate projects and expanding home ownership opportunities in Umm Al Quwain and the UAE, stressing that providing competitive financing solutions for the project contributes to enhancing the attractiveness of real estate investment and supporting the long-term economic development process in the emirate.
He added that the agreement reinforces the bank’s commitment to expanding the provision of a full range of innovative banking products and services to its customers, and consolidates its position as a major contributor to supporting the banking and real estate sector in the country.
For his part, Mr. Saeed Mohammed Al Qatami, CEO of Deyaar Development Company, confirmed that the agreement represents a strategic step to enhance the financing options available for the “Aya Beachfront Residences” project, noting that cooperation with the bank contributes to simplifying financing procedures and providing flexible solutions to customers, which supports the sustainable growth of the real estate market and enhances the attractiveness of residential projects in the Emirate of Umm Al Quwain.
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